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I have also invested 1, 29, 000/- Rs. in Apr 2009 in The City Realcom on monthly return of 8, 800/-. Pleae inform me the latest happening about the company.
DEAR FRIENDS
PLS CHECK TIMES OF INDIA-EPAPERS(TIMES CITY)ON PAGE # 8
ABOUT CITY LUMOUZINES
GOOGLE -ENTER,
TIMES OF INDIA EPAPER-ENTER,
SELECT -MUMBAI
SELECT -CITY TIMES
SELECT PAGE # 8
PLS CHECK TIMES OF INDIA-EPAPERS(TIMES CITY)ON PAGE # 8
ABOUT CITY LUMOUZINES
GOOGLE -ENTER,
TIMES OF INDIA EPAPER-ENTER,
SELECT -MUMBAI
SELECT -CITY TIMES
SELECT PAGE # 8
I have invested 262000 in combo pack at 29Th july 2009. I did not get even any single check.
copied from mouth shutcom
Interim relief for City Limo chief TOI 9/9/09
Mumbai: S M Masood, chairman of City Limouzines who is accused of cheating investor, has moved the sessions court for anticipatory bail. Police in Mumbai, Chennai and Hyderabad are conducting investigations in the case.
The sessions court on Thursday posted the matter for hearing to October 12 and granted interim protection from Masood being arrested. A police team from Chennai was also in the city as part of the investigations.
Masood moved the court, fearing arrest by the economic offences wing (EOW) of the city police after fresh complaints were lodged against him. Till August, when cheques issued by the company began bouncing, the firm was being investigated only for a lone complaint lodged by investor Jalandar Pandhare in 2007.
EOW has opposed the anticipatory bail plea, saying there have been several complaints and sought his custody. The sessions court granted interim relief to Masood, saying he will not be arrested in Mumbai till October 8.
Interim relief for City Limo chief TOI 9/9/09
Mumbai: S M Masood, chairman of City Limouzines who is accused of cheating investor, has moved the sessions court for anticipatory bail. Police in Mumbai, Chennai and Hyderabad are conducting investigations in the case.
The sessions court on Thursday posted the matter for hearing to October 12 and granted interim protection from Masood being arrested. A police team from Chennai was also in the city as part of the investigations.
Masood moved the court, fearing arrest by the economic offences wing (EOW) of the city police after fresh complaints were lodged against him. Till August, when cheques issued by the company began bouncing, the firm was being investigated only for a lone complaint lodged by investor Jalandar Pandhare in 2007.
EOW has opposed the anticipatory bail plea, saying there have been several complaints and sought his custody. The sessions court granted interim relief to Masood, saying he will not be arrested in Mumbai till October 8.
Copied from DNA newspaper
http://www.dnaindia.com/mumbai/interview_i-can-repay-investors-from-next-week_12...⇄
'I can repay investors from next week'
Somendra Sharma
Monday, October 5, 2009 2:05 IST
In the midst of a row over allegedly cheating several thousand investors to the tune of crores of rupees, City Limouzine chairman Sayed Masood, in an exclusive interview with DNA, said he is ready to repay the money to his investors if officials of the economic offences wing (EOW) of the Mumbai police stop 'harassing' him. Excerpts:
Who do you blame for the current problems in your company?
The EOW investigations are responsible. I have a company that has been functioning for more than 15 years. I never defaulted in making payments. However, I could not focus on the company ever since the EOW began harassing me. After being constantly summoned by the police, I had to shut shop. I also blame the media for their wrong publicity.
What is stopping you from carrying on with your business? The investors say you have assured repayments from the next month
The Supreme Court had said that the police can investigate the alleged cheating case of Rs55, 000 filed by one of the investors. But on the pretext of investigating the case, the police is making lakhs of investors suffer. The EOW is not allowing me to run my operations. I can start repaying people from next week itself if the EOW stops harassing me. I believe there should be some outcome of the case by November.
How is the police 'harassing' you?
Every now and then, EOW officers come to my office and asks for various documents and use pressure tactics. I have appointed a PR person and lawyers who can answer all their queries, yet they summon me to their office at Crawford Market.
The police say they fear that you might flee the country and have hence impounded your passport. What is your take on that?
My passport was never impounded. I wanted to meet my family, which stays abroad, for Eid, but the police felt that it was a tactic to flee the country.
Do you fear coming before the investors? Do you still go to your office?
I have no fear from my investors as they are with me and will always support me. I had to stop my business operations as I could not focus on them. I have stopped visiting my office.
What is your appeal to your investors ?
I can only ask them to be patient and stand by me in this situation. I hope the situation will be fine like before and soon we will be able to come out of all our problems.
http://www.dnaindia.com/mumbai/interview_i-can-repay-investors-from-next-week_12...⇄
'I can repay investors from next week'
Somendra Sharma
Monday, October 5, 2009 2:05 IST
In the midst of a row over allegedly cheating several thousand investors to the tune of crores of rupees, City Limouzine chairman Sayed Masood, in an exclusive interview with DNA, said he is ready to repay the money to his investors if officials of the economic offences wing (EOW) of the Mumbai police stop 'harassing' him. Excerpts:
Who do you blame for the current problems in your company?
The EOW investigations are responsible. I have a company that has been functioning for more than 15 years. I never defaulted in making payments. However, I could not focus on the company ever since the EOW began harassing me. After being constantly summoned by the police, I had to shut shop. I also blame the media for their wrong publicity.
What is stopping you from carrying on with your business? The investors say you have assured repayments from the next month
The Supreme Court had said that the police can investigate the alleged cheating case of Rs55, 000 filed by one of the investors. But on the pretext of investigating the case, the police is making lakhs of investors suffer. The EOW is not allowing me to run my operations. I can start repaying people from next week itself if the EOW stops harassing me. I believe there should be some outcome of the case by November.
How is the police 'harassing' you?
Every now and then, EOW officers come to my office and asks for various documents and use pressure tactics. I have appointed a PR person and lawyers who can answer all their queries, yet they summon me to their office at Crawford Market.
The police say they fear that you might flee the country and have hence impounded your passport. What is your take on that?
My passport was never impounded. I wanted to meet my family, which stays abroad, for Eid, but the police felt that it was a tactic to flee the country.
Do you fear coming before the investors? Do you still go to your office?
I have no fear from my investors as they are with me and will always support me. I had to stop my business operations as I could not focus on them. I have stopped visiting my office.
What is your appeal to your investors ?
I can only ask them to be patient and stand by me in this situation. I hope the situation will be fine like before and soon we will be able to come out of all our problems.
the meeting scheduled to be held on
14th and 15th at Wilson School has been shifted to Wilson Gymkhana,
Marine Lines. This info has been received by me from V N Associates
office at Pratha Samag which happened to be just a stationary shop
sort of a thing with only one man distributing the proxy forms and
informing about the venue change.
Also I would like to bring to everyones notice that for every file you
need to fill up one proxy form each, in case you are not attending the
meeting. These proxy forms need to be submitted by the person
attending the meeting on your behalf with your signature before the
commencement of the meetng at the meeting venue only.
14th and 15th at Wilson School has been shifted to Wilson Gymkhana,
Marine Lines. This info has been received by me from V N Associates
office at Pratha Samag which happened to be just a stationary shop
sort of a thing with only one man distributing the proxy forms and
informing about the venue change.
Also I would like to bring to everyones notice that for every file you
need to fill up one proxy form each, in case you are not attending the
meeting. These proxy forms need to be submitted by the person
attending the meeting on your behalf with your signature before the
commencement of the meetng at the meeting venue only.
I red the interview of masood which is placed by raj from DNA.
if masood is ready to pay money to all o[censored]s then why are the officers of EOW is trying to disturb operations of city lim. & city realcom. Masood said that EOW Officers harrasing him so he is not able to repay the money of investors. my question is that if the city has no problem to pay money to all o[censored]s then why EOW officers are creating problms for city & for us.
if masood is ready to pay money to all o[censored]s then why are the officers of EOW is trying to disturb operations of city lim. & city realcom. Masood said that EOW Officers harrasing him so he is not able to repay the money of investors. my question is that if the city has no problem to pay money to all o[censored]s then why EOW officers are creating problms for city & for us.
HI,
Well, having read most of the comments I don't have anything new to say, but only hopes of things getting better. Here I also found that there is a kind of war of words going on between people who believe in city group & people who don't. I must say neither of them is wrong. B'cos there are those who are with city group for long & got huge returns on theire investment till this recent issue, where on the other side there are people who are new to city group, for whom fear is obvious in such time.
Well, having read most of the comments I don't have anything new to say, but only hopes of things getting better. Here I also found that there is a kind of war of words going on between people who believe in city group & people who don't. I must say neither of them is wrong. B'cos there are those who are with city group for long & got huge returns on theire investment till this recent issue, where on the other side there are people who are new to city group, for whom fear is obvious in such time.
now please confirm the venue of meeting and timing, becoz many investors are confused regarding address and how to reach there from Mumbai CST railway station. ( Means any bus no. or any rout fro reaching there. please we lossess more time for discuss but now we should be energetic for getting our hard money. so
I request to you all member in here please update letest news regarding this company. I hope after this meeting we celebrate DIWALI.
Thanks
maneesh Tandon From Bhopal MP [protected]/+91 [protected] [protected]@yahoo.co.in
I request to you all member in here please update letest news regarding this company. I hope after this meeting we celebrate DIWALI.
Thanks
maneesh Tandon From Bhopal MP [protected]/+91 [protected] [protected]@yahoo.co.in
plz pray ki Diwali per hme city lim. & city real com ki aur se Gud News mile
where is the exact location of meeting? wilson high school girgaon or wilson gymkhana marine lines give information on the forum.
Wilson gymkhana is situated at the marine drive, facing the sea, near the mumbai police gymkhana. It is at a walking distance from MARINE LINES STATION of mumbai local train in the western railway. People deboarding at this station should get out of the station towards the sea face. In the central railway, around 2 km from mumbai cst station. From airport around 22 km. When I did an enquiry, I came to know that meeting venue anounced as wilson high school itself means as wilson gymkhana or wilson high school gymkhana, as wilson gymkhana is the open ground of the school.----- regards, an investor who invested in july and got stuck in august. sur mundate hi olay parey. COPY------ Wilson gymkhana is situated at the marine drive, facing the sea, near the mumbai police gymkhana. It is at a walking distance from MARINE LINES STATION of mumbai local train in the western railway. People deboarding at this station should get out of the station towards the sea face. In the central railway, around 2 km from mumbai cst station. From airport around 22 km. When I did an enquiry, I came to know that meeting venue anounced as wilson high school itself means as wilson gymkhana or wilson high school gymkhana, as wilson gymkhana is the open ground of the school.----- regards, an investor who invested in july and got stuck in august. sur mundate hi olay parey
DEAR MUMBAI INVESTORS,
I AM STARTING FROM DELHI TOMORROW (13TH EVE) TO ATTEND THE MEETING ON 14TH MORNING. I AM NOT SURE WHERE THE MEETING IS EITHER WILSON HIGH SCHOOL OR WILSON GYMKHANA. I ALSO TRIED PHONE NUMBERS OF CITY OFFICE IN MUMBAI TO CONFIRM, BUT NO ONE PICKED UP THE PHONE. KINDLY, IF YOU KNOW, CONFIRM THE VENUE WITH ADDRESS TO THIS FORUM BY TOMORROW (13TH, 2 PM) SO THAT I KNOW WHERE THE MEETING IS.
THANKS
ASHISH
I AM STARTING FROM DELHI TOMORROW (13TH EVE) TO ATTEND THE MEETING ON 14TH MORNING. I AM NOT SURE WHERE THE MEETING IS EITHER WILSON HIGH SCHOOL OR WILSON GYMKHANA. I ALSO TRIED PHONE NUMBERS OF CITY OFFICE IN MUMBAI TO CONFIRM, BUT NO ONE PICKED UP THE PHONE. KINDLY, IF YOU KNOW, CONFIRM THE VENUE WITH ADDRESS TO THIS FORUM BY TOMORROW (13TH, 2 PM) SO THAT I KNOW WHERE THE MEETING IS.
THANKS
ASHISH
Now, investors lawyer appears for City Limo chief
C Unnikrishnan | TNN
Mumbai: In a twist in the City Limouzines cheating case, an advocate who fought against the company two weeks ago is now fighting for the companys chairman. Advocate Rajesh Singh had represented one of City Limouzines investors in the Bombay high court and objected to companys plea seeking a stay on all civil and criminal proceedings. But on Monday he appeared in the sessions
court on behalf of City Limouzines chairman S M Masood seeking anticipatory bail.
Singh defended his action, saying he had taken the consent of the investor in question before appearing for Masood. In the high court, the company had moved an application in the court of Justice S J Kathawala for restructuring the debts.
The company had also urged the court to grant a stay on all proceedings it on account of bounced cheques when Singh intervened. The court however did not grant a stay.
City Limouzines is under investigation for defaulting on returns to be paid to thousands of investors.
On Monday, in the sessions court where the anticipatory bail application of Masood is being heard, advocate Bhavesh Parmar objected to Singh representing Masood. Parmar who had filed a PIL in the high court, seeking proper investigation by the economic offences wing of the city police, plans to intervene against the anticipatory bail.
The sessions court made no observation on Monday, and adjourned the matter to October 15. Singhs action has not gone down well with the economic offences wing. A police officer said the department would take it up with the proper authorities.
Meanwhile, the public prosecutor alleged that Masood was playing mischief by not turning up in the court. The court has insisted that Masood be present on October 15.
Meanwhile, Singh said the meeting of the creditors scheduled for October 14 and 15 will be held at Wilson Gymkhana at Marine Lines.
C Unnikrishnan | TNN
Mumbai: In a twist in the City Limouzines cheating case, an advocate who fought against the company two weeks ago is now fighting for the companys chairman. Advocate Rajesh Singh had represented one of City Limouzines investors in the Bombay high court and objected to companys plea seeking a stay on all civil and criminal proceedings. But on Monday he appeared in the sessions
court on behalf of City Limouzines chairman S M Masood seeking anticipatory bail.
Singh defended his action, saying he had taken the consent of the investor in question before appearing for Masood. In the high court, the company had moved an application in the court of Justice S J Kathawala for restructuring the debts.
The company had also urged the court to grant a stay on all proceedings it on account of bounced cheques when Singh intervened. The court however did not grant a stay.
City Limouzines is under investigation for defaulting on returns to be paid to thousands of investors.
On Monday, in the sessions court where the anticipatory bail application of Masood is being heard, advocate Bhavesh Parmar objected to Singh representing Masood. Parmar who had filed a PIL in the high court, seeking proper investigation by the economic offences wing of the city police, plans to intervene against the anticipatory bail.
The sessions court made no observation on Monday, and adjourned the matter to October 15. Singhs action has not gone down well with the economic offences wing. A police officer said the department would take it up with the proper authorities.
Meanwhile, the public prosecutor alleged that Masood was playing mischief by not turning up in the court. The court has insisted that Masood be present on October 15.
Meanwhile, Singh said the meeting of the creditors scheduled for October 14 and 15 will be held at Wilson Gymkhana at Marine Lines.
Whoever attends todays meeting please let us know the outcome.
Hi Guys,
Any update about the meeting ?
Please pass the latest information about the meeting held at Mumbai today.you can contact me on [protected].
Any update about the meeting ?
Please pass the latest information about the meeting held at Mumbai today.you can contact me on [protected].
meeting!! it is a mess going on in a small ground .most of the pepole r just standing outside. some r on streets and on walls tring to get an idea what is happening?
I personally do not feel that intension of cheating is there.So many have invested their hard earned money with full faith.Matter may take little long but hope that the company will come out clean.Regards.ANJ.
you understand.