City Limouzines Complaints & Reviews
Resolved
Resolved
Fraud and cheating
Date: [protected]
From
K Perumal (Contact No. [protected]/[protected]
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai -73.
To,
1. The Commissioner of Police
Greater Chennai
Egmore, Chennai -8
2. Inspector of Police
Nungambakkam Police Station
Nungambakkam, Chennai – 34
Sub: Complaint of fraud and misappropriation of money in multi crores by Managing Director and other directors of City Limouzines (India) Ltd – Regarding.
Respected Sir,
I beg to prefer a complaint against the Managing Director and other directors of City Limouzines (India) Ltd and against the company.
1. I state that in a calculative manner to defraud the investors the Managing Director and other directors formed a Company in the Name and Style of City Limouzines (India) Ltd and the office of the Company is situated at No 4D, Riaz Garden, # 29, Kodambakkam High Road, Nungambakkam Chennai – 34. The Managing Director of the Company is show as one Mrs Geeta. R.
2. I state that the company was initially formed for the aim of Car Leasing and slowly started investment Scheme in it. For the investment Scheme, they advertised in the Magazines and circulated pamphlets with attractive promises. Initially they were also paying the Higher returns and the promise was to pay for 5 years and on completion of 5 years, the deposit amount would be returned. Latter they increased the monthly returns and promised to return the deposit amount by 50%. There after further hiked the monthly return and said that no amount would be paid on completion of 5 years.
3. Initially, the payment of monthly returns were made through post dated local Cheques every six monthly. There after the Directors commences many companies and formed a CITY Group. The names of the company are
1. City Limouzines (India) Ltd
2. City Real Com Ltd
3. City Co-op Credit Society Ltd
4. City Communications Ltd
5. City Money Ltd
6. City Trading L.L.C. (U.S.A)
7. City Airlines Pvt Ltd.
8. City Resorts
9. City Cine Vision Pvt Ltd.
10. City Hospitalities Ltd.
11. City Foundation
12. Chaman Automobiles( An H.P Outlet)
13 . Bharatratna Dr. Babasahieb Amedkar Pratishthan
14. Bharatratna Dr. Babasahieb Amedkar Pratishthan Co-op Credit Society Ltd
And collected very huge amount from general public. The Directors then slowly had transferred funds from one company to another and started sending cheques from Bombay. They have a preplanned move to cheat the investors and defraud, there misappropriating multi crore rupees. The Directors started sending cheques only for three months advance and slowly delaying the dispatch of cheques.
4. While so, from[protected], the Cheques on depositing for collection started bouncing for insufficient funds. On telephonic query, the staff and the Directors were misleading the investors by saying that there is some audit going on and hence there is some delay. They also even sending SMS to the Cell Phones to delay depositing Cheques.
5. Now I am coming to know that the Directors swallowed the complete money of the general public running in multi crores. I state that the action of the Directors are preplanned one from the inception of the company. Now at this stage the Company directors are not likely to return the investments or honour their promises made to the poor public. Now the Office of the Company is also closed and they are not attending telephone calls creates greater suspicion.
6. I state that I have deposited a total of Rs. 3,71,309/ as per the details shown below.
Date Receipt No. Folio Company Amount Rs.
17-8-05 1863 1668 City Limouzines (India) Ltd
1,50,637
24-8-06 3623 3418 City Limouzines (India) Ltd
99,831
28-10-06 353 4001 City Limouzines (India) Ltd
99,831
28-10-06 2995 4001 City Co-op Credit Society Ltd 21,010
Total 3,71,309
7. In my case I am an Ex Service-man and the money invested is my discharge benefits received after 20 years of meritorious service in the Indian Air Force. May I kindly request you Sir to Register a Case as against the Company and against all the Directors and Staff, investigate the same and take necessary action against them to retrieve the money invested through the existing assets. I am herewith enclosing the Xerox copies of relevant Documents and receipts of acknowledgement by the accused company and its Directors.
Yours Truly,
Date:[protected]
From
P Premalatha (Contact No. [protected]/[protected]
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai -73.
To,
1. The Commissioner of Police
Greater Chennai
Egmore, Chennai -8
2. Inspector of Police
Nungambakkam Police Station
Nungambakkam, Chennai – 34
Sub: Complaint of fraud and misappropriation of money in multi crores by Managing Director and other directors of City Limouzines (India) Ltd – Regarding.
Respected Sir,
I beg to prefer a complaint against the Managing Director and other directors of City Limouzines (India) Ltd and against the company.
1. I state that in a calculative manner to defraud the investors the Managing Director and other directors formed a Company in the Name and Style of City Limouzines (India) Ltd and the office of the Company is situated at No 4D, Riaz Garden, # 29, Kodambakkam High Road, Nungambakkam Chennai – 34. The Managing Director of the Company is show as one Mrs Geeta. R.
2. I state that the company was initially formed for the aim of Car Leasing and slowly started investment Scheme in it. For the investment Scheme, they advertised in the Magazines and circulated pamphlets with attractive promises. Initially they were also paying the Higher returns and the promise was to pay for 5 years and on completion of 5 years, the deposit amount would be returned. Latter they increased the monthly returns and promised to return the deposit amount by 50%. There after further hiked the monthly return and said that no amount would be paid on completion of 5 years.
3. Initially, the payment of monthly returns were made through post dated local Cheques every six monthly. There after the Directors commences many companies and formed a CITY Group. The names of the company are
1. City Limouzines (India) Ltd
2. City Real Com Ltd
3. City Co-op Credit Society Ltd
4. City Communications Ltd
5. City Money Ltd
6. City Trading L.L.C. (U.S.A)
7. City Airlines Pvt Ltd.
8. City Resorts
9. City Cine Vision Pvt Ltd.
10. City Hospitalities Ltd.
11. City Foundation
12. Chaman Automobiles( An H.P Outlet)
13 . Bharatratna Dr. Babasahieb Amedkar Pratishthan
14. Bharatratna Dr. Babasahieb Amedkar Pratishthan Co-op Credit Society Ltd
And collected very huge amount from general public. The Directors then slowly had transferred funds from one company to another and started sending cheques from Bombay. They have a preplanned move to cheat the investors and defraud, there misappropriating multi crore rupees. The Directors started sending cheques only for three months advance and slowly delaying the dispatch of cheques.
4. While so, from[protected], the Cheques on depositing for collection started bouncing for insufficient funds. On telephonic query, the staff and the Directors were misleading the investors by saying that there is some audit going on and hence there is some delay. They also even sending SMS to the Cell Phones to delay depositing Cheques.
5. Now I am coming to know that the Directors swallowed the complete money of the general public running in multi crores. I state that the action of the Directors are preplanned one from the inception of the company. Now at this stage the Company directors are not likely to return the investments or honour their promises made to the poor public. Now the Office of the Company is also closed and they are not attending telephone calls creates greater suspicion.
Date Receipt No. Folio Company Amount Rs.
10-10-08 9935 11127 City Real Com Ltd 97,000
10-10-08 9936 11127 City Real Com Ltd 97,000
10-10-08 289 11128 City Co-op Credit Society Ltd 32,010
10-10-08 290 11128 City Co-op Credit Society Ltd 32,010
Total 2,58,020
6. I state that I have deposited a total of Rs. 2,58,020/ as per the details shown below.
7. In my case I am wife of an Ex Service-man and my husband is already an investor in the company and the money invested is my discharge benefits received after 20 years of meritorious service in the Indian Air Force. May I kindly request you Sir to Register a Case as against the Company and against all the Directors and Staff, investigate the same and take necessary action against them to retrieve the money invested through the existing assets. I am herewith enclosing the Xerox copies of relevant Documents and receipts of acknowledgement by the accused company and its Directors.
Yours Truly,
From
K Perumal (Contact No. [protected]/[protected]
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai -73.
To,
1. The Commissioner of Police
Greater Chennai
Egmore, Chennai -8
2. Inspector of Police
Nungambakkam Police Station
Nungambakkam, Chennai – 34
Sub: Complaint of fraud and misappropriation of money in multi crores by Managing Director and other directors of City Limouzines (India) Ltd – Regarding.
Respected Sir,
I beg to prefer a complaint against the Managing Director and other directors of City Limouzines (India) Ltd and against the company.
1. I state that in a calculative manner to defraud the investors the Managing Director and other directors formed a Company in the Name and Style of City Limouzines (India) Ltd and the office of the Company is situated at No 4D, Riaz Garden, # 29, Kodambakkam High Road, Nungambakkam Chennai – 34. The Managing Director of the Company is show as one Mrs Geeta. R.
2. I state that the company was initially formed for the aim of Car Leasing and slowly started investment Scheme in it. For the investment Scheme, they advertised in the Magazines and circulated pamphlets with attractive promises. Initially they were also paying the Higher returns and the promise was to pay for 5 years and on completion of 5 years, the deposit amount would be returned. Latter they increased the monthly returns and promised to return the deposit amount by 50%. There after further hiked the monthly return and said that no amount would be paid on completion of 5 years.
3. Initially, the payment of monthly returns were made through post dated local Cheques every six monthly. There after the Directors commences many companies and formed a CITY Group. The names of the company are
1. City Limouzines (India) Ltd
2. City Real Com Ltd
3. City Co-op Credit Society Ltd
4. City Communications Ltd
5. City Money Ltd
6. City Trading L.L.C. (U.S.A)
7. City Airlines Pvt Ltd.
8. City Resorts
9. City Cine Vision Pvt Ltd.
10. City Hospitalities Ltd.
11. City Foundation
12. Chaman Automobiles( An H.P Outlet)
13 . Bharatratna Dr. Babasahieb Amedkar Pratishthan
14. Bharatratna Dr. Babasahieb Amedkar Pratishthan Co-op Credit Society Ltd
And collected very huge amount from general public. The Directors then slowly had transferred funds from one company to another and started sending cheques from Bombay. They have a preplanned move to cheat the investors and defraud, there misappropriating multi crore rupees. The Directors started sending cheques only for three months advance and slowly delaying the dispatch of cheques.
4. While so, from[protected], the Cheques on depositing for collection started bouncing for insufficient funds. On telephonic query, the staff and the Directors were misleading the investors by saying that there is some audit going on and hence there is some delay. They also even sending SMS to the Cell Phones to delay depositing Cheques.
5. Now I am coming to know that the Directors swallowed the complete money of the general public running in multi crores. I state that the action of the Directors are preplanned one from the inception of the company. Now at this stage the Company directors are not likely to return the investments or honour their promises made to the poor public. Now the Office of the Company is also closed and they are not attending telephone calls creates greater suspicion.
6. I state that I have deposited a total of Rs. 3,71,309/ as per the details shown below.
Date Receipt No. Folio Company Amount Rs.
17-8-05 1863 1668 City Limouzines (India) Ltd
1,50,637
24-8-06 3623 3418 City Limouzines (India) Ltd
99,831
28-10-06 353 4001 City Limouzines (India) Ltd
99,831
28-10-06 2995 4001 City Co-op Credit Society Ltd 21,010
Total 3,71,309
7. In my case I am an Ex Service-man and the money invested is my discharge benefits received after 20 years of meritorious service in the Indian Air Force. May I kindly request you Sir to Register a Case as against the Company and against all the Directors and Staff, investigate the same and take necessary action against them to retrieve the money invested through the existing assets. I am herewith enclosing the Xerox copies of relevant Documents and receipts of acknowledgement by the accused company and its Directors.
Yours Truly,
Date:[protected]
From
P Premalatha (Contact No. [protected]/[protected]
No 35, 2nd Cross Street
Padmavathy Nagar, Selaiyur Post
Chennai -73.
To,
1. The Commissioner of Police
Greater Chennai
Egmore, Chennai -8
2. Inspector of Police
Nungambakkam Police Station
Nungambakkam, Chennai – 34
Sub: Complaint of fraud and misappropriation of money in multi crores by Managing Director and other directors of City Limouzines (India) Ltd – Regarding.
Respected Sir,
I beg to prefer a complaint against the Managing Director and other directors of City Limouzines (India) Ltd and against the company.
1. I state that in a calculative manner to defraud the investors the Managing Director and other directors formed a Company in the Name and Style of City Limouzines (India) Ltd and the office of the Company is situated at No 4D, Riaz Garden, # 29, Kodambakkam High Road, Nungambakkam Chennai – 34. The Managing Director of the Company is show as one Mrs Geeta. R.
2. I state that the company was initially formed for the aim of Car Leasing and slowly started investment Scheme in it. For the investment Scheme, they advertised in the Magazines and circulated pamphlets with attractive promises. Initially they were also paying the Higher returns and the promise was to pay for 5 years and on completion of 5 years, the deposit amount would be returned. Latter they increased the monthly returns and promised to return the deposit amount by 50%. There after further hiked the monthly return and said that no amount would be paid on completion of 5 years.
3. Initially, the payment of monthly returns were made through post dated local Cheques every six monthly. There after the Directors commences many companies and formed a CITY Group. The names of the company are
1. City Limouzines (India) Ltd
2. City Real Com Ltd
3. City Co-op Credit Society Ltd
4. City Communications Ltd
5. City Money Ltd
6. City Trading L.L.C. (U.S.A)
7. City Airlines Pvt Ltd.
8. City Resorts
9. City Cine Vision Pvt Ltd.
10. City Hospitalities Ltd.
11. City Foundation
12. Chaman Automobiles( An H.P Outlet)
13 . Bharatratna Dr. Babasahieb Amedkar Pratishthan
14. Bharatratna Dr. Babasahieb Amedkar Pratishthan Co-op Credit Society Ltd
And collected very huge amount from general public. The Directors then slowly had transferred funds from one company to another and started sending cheques from Bombay. They have a preplanned move to cheat the investors and defraud, there misappropriating multi crore rupees. The Directors started sending cheques only for three months advance and slowly delaying the dispatch of cheques.
4. While so, from[protected], the Cheques on depositing for collection started bouncing for insufficient funds. On telephonic query, the staff and the Directors were misleading the investors by saying that there is some audit going on and hence there is some delay. They also even sending SMS to the Cell Phones to delay depositing Cheques.
5. Now I am coming to know that the Directors swallowed the complete money of the general public running in multi crores. I state that the action of the Directors are preplanned one from the inception of the company. Now at this stage the Company directors are not likely to return the investments or honour their promises made to the poor public. Now the Office of the Company is also closed and they are not attending telephone calls creates greater suspicion.
Date Receipt No. Folio Company Amount Rs.
10-10-08 9935 11127 City Real Com Ltd 97,000
10-10-08 9936 11127 City Real Com Ltd 97,000
10-10-08 289 11128 City Co-op Credit Society Ltd 32,010
10-10-08 290 11128 City Co-op Credit Society Ltd 32,010
Total 2,58,020
6. I state that I have deposited a total of Rs. 2,58,020/ as per the details shown below.
7. In my case I am wife of an Ex Service-man and my husband is already an investor in the company and the money invested is my discharge benefits received after 20 years of meritorious service in the Indian Air Force. May I kindly request you Sir to Register a Case as against the Company and against all the Directors and Staff, investigate the same and take necessary action against them to retrieve the money invested through the existing assets. I am herewith enclosing the Xerox copies of relevant Documents and receipts of acknowledgement by the accused company and its Directors.
Yours Truly,
Aug 14, 2020
Complaint marked as Resolved View replies
You must have consulted some financial experts before investing all your hard-earned money on such a bogus company. You should have known if someone pays such a hefty interest back to you, there must be somekind of a scam in the background.
Hope you've learnt a lesson for the future.
Hope you've learnt a lesson for the future.
i had invested total 460000/- in all and this is hard work money + savings of my family + sisters marriage collected money.
Pls help us out so we can recover our money on 7 th of oct .[protected]
Pls help us out so we can recover our money on 7 th of oct .[protected]
hi, i am myself nitin vanjara i am agree with this comment...
I too agree with the complaint. But in the chennai office premises every day we come across different groups collecting complaints from clients, which they says they will consolidate all and make it into a CD version and submit to the commissioner office. They also insists to pay Rs.500 towards registration fee, for forming an association to proceed further in the case. In the meanwhile the police have taken custody of the Manager of Chennai Branch and brought him to the office premises along with some staff of chennai branch. And also their official website says don't need to panic and our money is safe with them.
We are totally confused in which direction we have to move.
We are totally confused in which direction we have to move.
Rajesh & Sneh Arya
Delhi.
Dear Sir,
I do agree with the complaint written by P Premalatha in regard of Fraud and Misappropriation of public money by Group of City Limousine (India) Ltd not only in Chennai but also in all metro and Capital City - Delhi.
Sir, I had invested Approx. 3, 21, 000.00 in all and this is hard earned money.
I have deposited 3 Cheque of City limousines on 14.08.09 amounting Rs. 7775.00, 7775.00 & 3690.00 but all 3 Cheque were bounced & for that Bank debited their charges in our Accounts, I have visited the Nehru Place Office and one Mr. Ashis / Ms. Amrita advised myself & other fellows who were present at that time, please deposit the Cheque on 07 th Sep, 09, on 07 th morning I enquired in Office for deposits of the Cheque, no one responding, around 04.00 pm a SMS received, plz deposit ur Cheque on 15 th Sep 09, again the 06 Cheque were returned unpaid due to "UNSUFFICIENT FUND" & Bank again debited my accounts for their Bank Charges.
Now the BREAKING NEWS Flashed on the News Channels about the Fraud & Closure of the office.
I do not know where to complaint and whom to contact, the office at NERHU PLACE, Delhi is closed.
May I kindly request you to Register a Case as against the Company and against all the Directors and Staff, investigate the full matter and take necessary action against them to retrieve the money invested through the existing assets.
In the meanwhile the Official website says don't need to panic and our money is safe with them.
I am 56 years old & totally confused in which direction we have to move.
I have a information regarding the City group. They are conducting a mass meeting with investors at Wankhade Stadium on 07 Oct 09 to finalize issues in the presence of Court Representative.
I would be grateful if anyone hold similar information and intimate the same.
Pl report the matter to SFIO, EWS and RBI urgently, so that matter can be solve in positive manner.
Regards.
+ 91 [protected]
Delhi.
Dear Sir,
I do agree with the complaint written by P Premalatha in regard of Fraud and Misappropriation of public money by Group of City Limousine (India) Ltd not only in Chennai but also in all metro and Capital City - Delhi.
Sir, I had invested Approx. 3, 21, 000.00 in all and this is hard earned money.
I have deposited 3 Cheque of City limousines on 14.08.09 amounting Rs. 7775.00, 7775.00 & 3690.00 but all 3 Cheque were bounced & for that Bank debited their charges in our Accounts, I have visited the Nehru Place Office and one Mr. Ashis / Ms. Amrita advised myself & other fellows who were present at that time, please deposit the Cheque on 07 th Sep, 09, on 07 th morning I enquired in Office for deposits of the Cheque, no one responding, around 04.00 pm a SMS received, plz deposit ur Cheque on 15 th Sep 09, again the 06 Cheque were returned unpaid due to "UNSUFFICIENT FUND" & Bank again debited my accounts for their Bank Charges.
Now the BREAKING NEWS Flashed on the News Channels about the Fraud & Closure of the office.
I do not know where to complaint and whom to contact, the office at NERHU PLACE, Delhi is closed.
May I kindly request you to Register a Case as against the Company and against all the Directors and Staff, investigate the full matter and take necessary action against them to retrieve the money invested through the existing assets.
In the meanwhile the Official website says don't need to panic and our money is safe with them.
I am 56 years old & totally confused in which direction we have to move.
I have a information regarding the City group. They are conducting a mass meeting with investors at Wankhade Stadium on 07 Oct 09 to finalize issues in the presence of Court Representative.
I would be grateful if anyone hold similar information and intimate the same.
Pl report the matter to SFIO, EWS and RBI urgently, so that matter can be solve in positive manner.
Regards.
+ 91 [protected]
in saalo ko to maar maar kar gadhe par batha dena chaiya, ye pathak jo ki air force ka paltu kuttaa tha, aur iska boss marshal dono ko nanga karke gadhe par bathana chaihiye. ye dono aur iss city limouzine ka pura staff jo bhi ho pure india mein jaha kahi bhi nazar aayenge, peet peet kar nahi nachaiya tab tak chain nahi aayega.
I can fully understand frustration of every one. Mr Jaipal has let it out in a different way. I like the punishments offered!
The name City Group itself is deceptive as though it is in some way connected with Citibank!
It is not as if we are running behind some unknown thieves, in this case. These thieves had full identity as Manager ; Director; MD;CEO of this company. They can not vaporise into thin air with such huge sums. If Chennai Police has the will, they can nab these guys just in a few days. I hope the affected people join as a group and meet the Chief Minister to complain. All their assets should be frozen immediately. There should be a quick legal recourse to the affected persons.
This group should function as an effective forum via internet.
I will be curious to know one year hence, whether these fraudulent persons are in Jail or enjoying the wealth amassed by illegal means.
Caring & Concerned Citizen
The name City Group itself is deceptive as though it is in some way connected with Citibank!
It is not as if we are running behind some unknown thieves, in this case. These thieves had full identity as Manager ; Director; MD;CEO of this company. They can not vaporise into thin air with such huge sums. If Chennai Police has the will, they can nab these guys just in a few days. I hope the affected people join as a group and meet the Chief Minister to complain. All their assets should be frozen immediately. There should be a quick legal recourse to the affected persons.
This group should function as an effective forum via internet.
I will be curious to know one year hence, whether these fraudulent persons are in Jail or enjoying the wealth amassed by illegal means.
Caring & Concerned Citizen
Dear Sir,
I invested Rs 2, 58, 841 on 27 july 2009 for combo plan even i have not recieved any cheque and not file my mony transferred through HDFC bank. why Police is not taking strict action aganist such type of cheater & fraud persons of city lumiznes & sister concerns I do not know what will happen I am very worried about my money pls help me so our mony can recover, ...?
Manoj [protected]@hotmail.com
Mobile:- [protected]
I invested Rs 2, 58, 841 on 27 july 2009 for combo plan even i have not recieved any cheque and not file my mony transferred through HDFC bank. why Police is not taking strict action aganist such type of cheater & fraud persons of city lumiznes & sister concerns I do not know what will happen I am very worried about my money pls help me so our mony can recover, ...?
Manoj [protected]@hotmail.com
Mobile:- [protected]
dear friends,
i have invested around 40lakhs and my father is in deep depresion, we have no clues what is happening whom to contact, even bangalore office is closed, can anybody from mumbai can tell me whether it is functioning or not. seriously these should be hanged in public so that whole of people see them and nobody should have in mind to cheat others. these should get a saudi punishment.
can any of you know when or which place the meeting is happening. is it genuine news or simply a rumour. please let me know about it.
thanks
i have invested around 40lakhs and my father is in deep depresion, we have no clues what is happening whom to contact, even bangalore office is closed, can anybody from mumbai can tell me whether it is functioning or not. seriously these should be hanged in public so that whole of people see them and nobody should have in mind to cheat others. these should get a saudi punishment.
can any of you know when or which place the meeting is happening. is it genuine news or simply a rumour. please let me know about it.
thanks
Dear Friends
I am 67 years old and totally confused in which directions we( I along with my Family members )have to move, as I along with my family members, have Invested Rs. 20 Lacs and this is hard earned money after selling my property/etc.
I do not know where to complaint and whom to contact, the office at Nehru Place, New Delhi is closed.
I do agree with the complaint written by P Premlatha in regard of Fraud and Misappropriation of Public Money by Group City Limouzinez India Ltd. Not in Delhi also in all Metro and Chennai City.
May I kindly Request you to Register a case against The Company City Limouzines India Limited /Group and against the Chairman Mr.S.M Masood, and all the Directors: 1. Shri Umar Iqbal Razzaki, 2. Shri Geeta U. Razzaki, 3. Shri Seema U Razzaki, 4. Shri Sayad Mohammed Masood, 5. Shri Naeem Munawar Sayed, 6. Shri Rajesh B Choudhary, 7. Mrs. Nigar Fatima Razzaqui.
Investigate the Full matter and take necessary action At Once againt them to retrieve the Money invested through the assests.
Please report the Matter to SFIO, EWS, Chief Minister Of the States concerned to with held their passport urgently, so that Matter could be solved in a positive Manner.
Reards
Chander MohanGulati
[protected](Delhi)
I am 67 years old and totally confused in which directions we( I along with my Family members )have to move, as I along with my family members, have Invested Rs. 20 Lacs and this is hard earned money after selling my property/etc.
I do not know where to complaint and whom to contact, the office at Nehru Place, New Delhi is closed.
I do agree with the complaint written by P Premlatha in regard of Fraud and Misappropriation of Public Money by Group City Limouzinez India Ltd. Not in Delhi also in all Metro and Chennai City.
May I kindly Request you to Register a case against The Company City Limouzines India Limited /Group and against the Chairman Mr.S.M Masood, and all the Directors: 1. Shri Umar Iqbal Razzaki, 2. Shri Geeta U. Razzaki, 3. Shri Seema U Razzaki, 4. Shri Sayad Mohammed Masood, 5. Shri Naeem Munawar Sayed, 6. Shri Rajesh B Choudhary, 7. Mrs. Nigar Fatima Razzaqui.
Investigate the Full matter and take necessary action At Once againt them to retrieve the Money invested through the assests.
Please report the Matter to SFIO, EWS, Chief Minister Of the States concerned to with held their passport urgently, so that Matter could be solved in a positive Manner.
Reards
Chander MohanGulati
[protected](Delhi)
i m the sole earning person of my family in mumbai. after many years of hardship i had saved this 150000/- and that i had invested in citylimozines 3 months back. i request you to Register a Case against the Company and against all the Directors and Staff, and take necessary action against them to retrieve the money invested.
is there anyone who can help, mc cell no is [protected]. from mumbai
is there anyone who can help, mc cell no is [protected]. from mumbai
CityLimouzines Group — Not money back for the past three months(cheated)
From,P.Vanitha,
door no:15,Plot no:19/1b,
3rd natarajapuram(south)colony,
Thanjavur-613007.
MOBILE NO.[protected]
[protected]@gmail.com
To,
1. The Commissioner of Police
Greater Chennai
Egmore, Chennai -8
2. Inspector of Police
Nungambakkam Police Station
Nungambakkam, Chennai – 34
Requested sir,
Subject:Complaint of fraud and misappropriation of money in multi crores by Managing Director and other directors of City Limouzines (India) Ltd – Regarding.
. While so, from[protected], the Cheques on depositing for collection started bouncing for insufficient funds. On telephonic query, the staff and the Directors were misleading the investors by saying that there is some audit going on and hence there is some delay. They also even sending SMS to the Cell Phones to delay depositing Cheques
I state that I have deposited a total of Rs. 6,51000/ as per the details shown below.
Date Receipt No. Folio Company Amount Rs.
06-12-07 1657 City Limouzines (India) Ltd 1,34010
20-05-08 5877 City Limouzines (India) Ltd 1,29010
20-05-08 5878 City Limouzines (India) Ltd 1,29010
20-05-08 14294 city Limouzines (India) Ltd 1,29010
24-06-08 6811 City Limouzines (India) Ltd 1,30010
I have invested money in city group company for the past three month i am not get any money from the company.I have invested all the money in htis company,so i have no source for money.
please verify my details in the company and make me money to returnback.I am a women,ther are no source of money to live.please make it as soon as possible.
NOTE:if any case i will be ther for the investigation
I BEG YOU FOR MONEY BACK ME
yours truly,
P.vanitha
Date :[protected]
hai, i
the hyderabad office wasstarted by one group captain t r rao as regional director and mrs lalita rao as director. the defence personal were employed to give credibility. t r rao sent an ex airforce person to my house to lure me into investing my hard earned money. this person was later trasfered to chennai.
t r rao had told me that he has put in all his money and his sons in the same co.all the receipts for the money invested and agreements were signed by rao and mrs rao, including allotment of part area of city towers in mumbai.he has also promised that he will be in the co. atleast for 5 years.
but both of them left the co. and now started a similar co. by name of jagdamba.-----
the fate of investors in jagdamba wiil be known only after a while.
i request the chief minister, police authorities, news papers and tv channels who make sensational news for their circulation and forget the subject later to take immediate action to make this as an exemplery case, before the culprrits, the directorsand branch heads dispose of the assets and abscond
let the citizens faith be restored in the system and authorities by honest and prompt action to ensure refund of due moneyb to the investors
t r rao had told me that he has put in all his money and his sons in the same co.all the receipts for the money invested and agreements were signed by rao and mrs rao, including allotment of part area of city towers in mumbai.he has also promised that he will be in the co. atleast for 5 years.
but both of them left the co. and now started a similar co. by name of jagdamba.-----
the fate of investors in jagdamba wiil be known only after a while.
i request the chief minister, police authorities, news papers and tv channels who make sensational news for their circulation and forget the subject later to take immediate action to make this as an exemplery case, before the culprrits, the directorsand branch heads dispose of the assets and abscond
let the citizens faith be restored in the system and authorities by honest and prompt action to ensure refund of due moneyb to the investors
I do fully agree with the complaints of investors of city limouzines. all the directors & staff of this company should be arrested for fraudulant case. this has to be made pulic all over india through proper channels & all the media team should co-operate in this regard. the government & police deparment should take up this matter seriously & help the investors recover thier hard earned money. also they have to alert the would be investors & other public.
this is very crucial time for the investors, as all the hard earned money has been invested with some future plans.most of the investors are from the middle & lower income group.
i request all the branches should have a meeting with its investors in presence of police personnel, government officials & higher bank athorities, so that the public is assured of & can rely on our government's decision.
there should be an alternative to reimburse all the money as promised to the prospective investors
hope & pray for the best results.
this is very crucial time for the investors, as all the hard earned money has been invested with some future plans.most of the investors are from the middle & lower income group.
i request all the branches should have a meeting with its investors in presence of police personnel, government officials & higher bank athorities, so that the public is assured of & can rely on our government's decision.
there should be an alternative to reimburse all the money as promised to the prospective investors
hope & pray for the best results.
still i belive on god god is grate,
I hv received a letter from Mr. Kesar Beg's office to attend meeting of City Lim on 15th Oct. 2009 at Wilson Sch, Bby 4.
The text of the changes to be made in the scheme has been enclosed but the details are not very clear to form any opinion or to vote on the same
Kindly clarify, if any one has understood the text. The copy is kept in the regd office of the co.
The text of the changes to be made in the scheme has been enclosed but the details are not very clear to form any opinion or to vote on the same
Kindly clarify, if any one has understood the text. The copy is kept in the regd office of the co.
Hi All,
Court has to punish him, in name of breaching trust . They have put him life sentence .Since, we are dying outside . he should also feel the pinch.
sankar
chennai.
Court has to punish him, in name of breaching trust . They have put him life sentence .Since, we are dying outside . he should also feel the pinch.
sankar
chennai.
My contact no. is [protected]... please forget about your money as i am sure that the co. does not have any ... its a simple game .. they started aggressively 20 months back... there are very few investors who made money from this .. all they have done is made crores from us and now they would hide out ...I had invested 1.25, 000 and was able to cover 75% of my principal ...
I have been invest three share with city limouzines group. since august 2009 they stop payments which they promissed with ua according the agreement, which stated they will repay aganist our deposit for 60 months. Please do a need ful action against my plea.
thnking a lot
with best regards,
Naveen Paul
e-mail- [protected]@yahoo.in
mobile [protected] & [protected]
thnking a lot
with best regards,
Naveen Paul
e-mail- [protected]@yahoo.in
mobile [protected] & [protected]
i have been investet in realcom with city limouzines group, the company made an agreement with me which give a shurety that they will repay me against my investment amount 1350000/- Rs 7775/- per month till five years. But the company had failed to fulfil its cometment since last august 2009 till the date. even though they not responding us with any source.
I humbly request you please take a fruitful action against my request.
Thanks
with regards
Joel David
Mobile [protected]
I humbly request you please take a fruitful action against my request.
Thanks
with regards
Joel David
Mobile [protected]
City Limouzines — totally dead investment
maine rs. 12 lakh invest kiya tha lekin credit card loan & gold bechke kiya tha, 19 mahina paisa mila bad main paisa milna band ho gaya abhi card wale piche lage hain masood aram kar rahe hain aur hamari neend kharab ho gayee, khud mosood sahab ne jo sab logaka paisa liya hain wo loan, gold, biwi ke gahine aisa paise hain, to khud logeke samne aakar kya problem hain sabko batowo unki jo side hain uspar good news dedo. preprens share & agreement hain wo sab zooth hain usmain andheri ghatkopar main land hain aisa likha hain.City Limouzines — cheating on our investments
dear sir,we have invested in citilimouzines .they promised to give some returns which they fail to do so.we invested only by availing some personal loans.we really find difficulty to pay the loans educating my kidsand to run my family.i am in trouble in all the sides due to this i am totally in stress and now iam suffering from hypertension at the age of 34.please help us in this issue. yours sincerely sudarsanan.
I Agree with the complaints lodged against citi Limouzines.
Respected Sir,
I and my family members have invested Rs. 13,96,580/- in this company in different schemes. The provision for the said amount was made from availing Mortgage Loan, Personal Loan and Hand Loan. I have invested with a hope to get the monthly income so as to meet the monthly expenditures for my children's educational fees and for their future settlement.
I received SMS from the Compay requesting not to deposit cheques of monthly payments due in August, 2009 as some investigation is going on. I also visited their office to know what exactly is the reason for this request. I was told that an internal audit of the Company is going on due to discrepancy in dual payments to members due to oversight. Again I received an SMS to hold cheque deposit till 15th September, 2009 due to reorganizing/restructuring of the company.
In the meantime I happen to come across new items frequently in the news papers and Internet regarding investigations being carried out by concerned authorities against FERA violations by the Company. I visited the Company’s office to get first hand report as to what is cooking up. I was told along with other assembled members that Govt. have seized all their bank accounts due to above investigations, hence the request to hold deposit of cheques. Please note that I am not at all concerned with ongoing investigations.
From my observation that the company is deliberately delaying payments with one reason or the other that they cheating me in honoring its commitments. Therefore, I humbly request you to please look into the matter and help in retrieving my hard earned investment money from this company, for which act of kindness, I shall ever remain grateful to you.
Thanking you,
Yours truly,
Akula Anita Ashok.
I and my family members have invested Rs. 13,96,580/- in this company in different schemes. The provision for the said amount was made from availing Mortgage Loan, Personal Loan and Hand Loan. I have invested with a hope to get the monthly income so as to meet the monthly expenditures for my children's educational fees and for their future settlement.
I received SMS from the Compay requesting not to deposit cheques of monthly payments due in August, 2009 as some investigation is going on. I also visited their office to know what exactly is the reason for this request. I was told that an internal audit of the Company is going on due to discrepancy in dual payments to members due to oversight. Again I received an SMS to hold cheque deposit till 15th September, 2009 due to reorganizing/restructuring of the company.
In the meantime I happen to come across new items frequently in the news papers and Internet regarding investigations being carried out by concerned authorities against FERA violations by the Company. I visited the Company’s office to get first hand report as to what is cooking up. I was told along with other assembled members that Govt. have seized all their bank accounts due to above investigations, hence the request to hold deposit of cheques. Please note that I am not at all concerned with ongoing investigations.
From my observation that the company is deliberately delaying payments with one reason or the other that they cheating me in honoring its commitments. Therefore, I humbly request you to please look into the matter and help in retrieving my hard earned investment money from this company, for which act of kindness, I shall ever remain grateful to you.
Thanking you,
Yours truly,
Akula Anita Ashok.
i am also doing a same mistake and invested more than 380000 so some time i have gotted the check and after that i heared that the company is the fake so i am also in the loss lets see what is going on next.
but i am very dis appoint from the govt. side if we r having a single work than we r having face lots of problems and the co, doing such a big business and the govt. is don;t know any thing whthere this is right or wrong
but i am very dis appoint from the govt. side if we r having a single work than we r having face lots of problems and the co, doing such a big business and the govt. is don;t know any thing whthere this is right or wrong
City Limouzines — Cheating & Fraud
I have invested Rs. 259841/- in the month of Sept 2009 in the combo offer of the company for a return of 17541/- per month ,as per the offerof the company. But i had not recd any agreement for the same only cash receipt is with me . while processing agreement. Later on I came to know about the fraud by the company. No intimation so far has been received from the company. As per information available perhaps the company is fighting a legal battle and I am not sure what will happen. Request advice how to get money back and progress in the case Cheque bounce
I have invested in two scheme of city limouzines and I got post dated cheques and they are being cashed regularly since Oct 09 cheques are bounced. Through print and electronic media I came to know that the firm under audit and financial economic wing has raided and case is pending with the honorable Mumbai court.May I know the latest position of the situation.
contact No [protected]
[protected]@gmail.com
I have invested in two scheme of city limouzines and I got post dated cheques and they are being cashed regularly since Oct 09 cheques are bounced. Through print and electronic media I came to know that the firm under audit and financial economic wing has raided and case is pending with the honorable Mumbai court.May I know the latest position of the situation.
contact No [protected]
[protected]@gmail.com
My name is Parveen kumar Singh. I had invested 2.54 lakh in citylimomozine, hyderabad in Aug 2008 after withdrawing my hard earned money from PF. My file no. is c/4688. I am feeling depressed about the the entire event. Will I be able to recover my money? Can the consumer court help? My email is [protected]@rediffmail.com.
Regards.
Regards.
City Limouzines(i)pvt ltd — fraud case:cheating on your investments
dear sir, we have invested Rs.2,60,000 in citilimouzines, they promised to give some returns which they fail to do so. we invested only by availing some personal loans. we really find difficulty to pay the loans educating my kids and to run my family. i am in trouble in all the sides due to this i am totally in stress and now i am suffering from hypertension at the age of 32.please return back our basic amount which will live our lives peacefully.Thank you There are many sufferer to this fraud. It i sdifficult to understand why Govt is not interfearing in it. I am also one of them. Me and my family invested worth Rs 18 laks in city limuzines. Now don't understand where to go whta to do. Only few people had brought the life of thousands of peoples into hell. May god beless them.
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Resolved
Resolved
financial fraud
plz report the mattter to SFIO and RBI urgently
Aug 14, 2020
Complaint marked as Resolved View replies
The companey cheque has been bounced and asking the cusomer wait till 15 Sep 09. I think this is lead to fraud and a companey may get close during this period. They are not giving the correct reasons for the stopping the payment
Something definitely looks fishy to me. It is unclear why they have stopped the payments. They claim that the accounts have been seized. But from the media reports this does not seem to be the case.
They do not give correct answer.they avoid us & give date on date like 5th sept then 7 th sept, then 10 th sept & now they told 15 th sept.why should they give answers like that.if they will not give agreement or cheques they will be to give our payment as soon as possible.
hi every one im also a investor in the city limousine co they told me to deposit the cheque on 7 sep but now they are telling me to deposit the cheque on 25 sep im very worried why the government is not taking any action against the company plz help or numerous people will come on the road im to also
I personnely feel that some thing wrong has happened to your investement and if you all at the earliest lodge complain with RBI, CBI, Vigilance committee, etc they will get time to wind up and go out of India. Do some thing fast, because you are in INDIA and India Official are overburdened (Look busy and play easy).
This coy. is definetly a fraud. This is another scame.All the investors should come out & lodge FIR against the coy. Earlier They pretext that investor can deposit their cheques on 5th, then date extentend to 15th and now 25th sep. No one frome the coy. is replying that what is actual reasons of holding the cheques.
Today i rang up to bombay they r saying that incoe tax deptt.has sealed their office till 21 sep. But investors wake up and register the case againt the coy.
My worry is that no authority like RBI, vigilance commettee is taking the action these cheaters.
Today i rang up to bombay they r saying that incoe tax deptt.has sealed their office till 21 sep. But investors wake up and register the case againt the coy.
My worry is that no authority like RBI, vigilance commettee is taking the action these cheaters.
Dear all Pls yours no as we also reveive massage from city lumineszise that pls hold your cheques till 15 sept mber and tommorw they say pls deposit your cheques on 25 spt [protected]
Let us wait and hope that things turn out to be false and we all get our money back. My fingers are crossed and I am waiting something positive to happen. What the complaints are raised are undoubtedly true. But, let us give some time and wait till 15 Sep'09. In the mean time, high offcial from all regional offices and head office, Mumbai should make a formal statement to remove the fears and clouds of anxiety in the minds of customers.
Please take notice of this complaints and initiate suitable action to deal with the crisis effectively.
Kantesh Kumar Singh
Chennai
Please take notice of this complaints and initiate suitable action to deal with the crisis effectively.
Kantesh Kumar Singh
Chennai
We all are waiting for positive from city. We will wait till 15 Sep. If any latest development growing up please share with others
Hari [protected]
Hari [protected]
Hi all,
I am an investor from chennai. i had a very good faith in the company coz i hav been investing here for nearly 6 years and I have no compliants till now. Im also hoping for the best. Lets all keep our fingers crossed and wait for a couple of days also. And in the agreement copy if you check they have mentioned that a time of 90days is acceptable for the clearence of the cheques.
In the meantime i would also request the officials of the City limouzines to come forward and make things clear.
I am an investor from chennai. i had a very good faith in the company coz i hav been investing here for nearly 6 years and I have no compliants till now. Im also hoping for the best. Lets all keep our fingers crossed and wait for a couple of days also. And in the agreement copy if you check they have mentioned that a time of 90days is acceptable for the clearence of the cheques.
In the meantime i would also request the officials of the City limouzines to come forward and make things clear.
Untill and unless we don't know what the complained is! I can't comment on that. Today is the hearing for the said case against City Limouzines under FEMA which is Foreign Exchange Money Act.
Lets hope for the best for us as we have invested lots of money in this company. If anyone gets any detail about the same, pls contact me or mail me.
Parveen
[protected]
Lets hope for the best for us as we have invested lots of money in this company. If anyone gets any detail about the same, pls contact me or mail me.
Parveen
[protected]
Peoples are giving their review/opinion hypothetically over the lapses they are experiencing, particularly on the bouncing of post dated cheques issued by the company. Company has informed of the different dates for the presentation of cheques. This has caused the state of dilemma amongst the members. I would suggest that the company should come out through a press release to mitigate the agony of its investor. Till such we have no option but to wait and watch the crisis running in the company.
Dear all iam deposit my money on 1 augest and they say me plscallect yours cheques on 10 september is any precedure to widrow my money becsue not a single cheqes is issue and my file is not complete [protected]
Dear Investors,
I am the oldest member of Coty Limouzines and first in there combo plan. Please dnt get panic every thing will be fine in few days. You may get some less retursns in future but company will survive for long
I am the oldest member of Coty Limouzines and first in there combo plan. Please dnt get panic every thing will be fine in few days. You may get some less retursns in future but company will survive for long
hi,
i am invest in co in month of june what happen co' stop the payment please late me know reson about
i am invest in co in month of june what happen co' stop the payment please late me know reson about
In Nungambakkam branch, they have stopped payment on 11th sept, 2009. From 11th of sept, they will make receipt. Rediculous, if you are not willing to make payment, then why you take the receipt from the investors. 1000s of investors are waiting till 15th sept. Lets hope for good result. and think positive. and pray to god to solve all our investors problems. khuda hafiz
In Nungambakkam branch, they have stopped payment on 11th sept, 2009. From 11th of sept, they will make receipt. Rediculous, if you are not willing to make payment, then why you take the receipt from the investors. 1000s of investors are waiting till 15th sept. Lets hope for good result. and think positive. and pray to god to solve all our investors problems. khuda hafiz
[protected]
[protected]
I HAVE INVESTED I THIS COMPANY SINCE ONE YEAR. MY CHEQUE HAS BEEN BOUNCED ON 15TH AUG 2009. WHEN I CALLED THE COMPANY THEY ARE TELLING ME TO WAIT TILL 15TH SEPT. AND WE WILL GIVE YOU MESSAGE ON THAT DAY. LETS HOPE FOR THE BEST. IF ANY BODY GETS INFORMATION OF THIS COMPANY PL. CALL ME ON MY CELL [protected].
Dear Investors,
If any information comes from the Mumbai Investors, pls.pls.pls, let Delhi Investors should know or e-mail me or call me at [protected]. I would once again request all investors not to get panic, just pray to god for the speedy recovery of the company. The money we invested was hard earned money no body has right to grab it so simply.
Thanx
If any information comes from the Mumbai Investors, pls.pls.pls, let Delhi Investors should know or e-mail me or call me at [protected]. I would once again request all investors not to get panic, just pray to god for the speedy recovery of the company. The money we invested was hard earned money no body has right to grab it so simply.
Thanx
I HAVE INVEST LAST 3 MONTH BACK& ON 7th SEP CHEQUE WILL BOUNCE.WHEN IREACHED
DELHI OFF NO BODY WAS THEIR &OFF WAS LOK I REQUST 2 U PLS TELL US RIGHT INFOMATION AS SOON AS POSSIBLE.IHOPE THAT COUPLE OF DAYS THINGS R GOOOING RIGHT.
DELHI OFF NO BODY WAS THEIR &OFF WAS LOK I REQUST 2 U PLS TELL US RIGHT INFOMATION AS SOON AS POSSIBLE.IHOPE THAT COUPLE OF DAYS THINGS R GOOOING RIGHT.
ALL INVESTORS FROM DELHI ARE REQUESTED TO MEET AT THEIR NEHRU PLACE OFFICE TOMORROW IN SECOND HALF.
KINDLY CONFIRM BY POSTING REPLIES OR CALL[protected]
KINDLY CONFIRM BY POSTING REPLIES OR CALL[protected]
ALL INVESTORS FROM DELHI ARE REQUESTED TO MEET AT THEIR NEHRU PLACE OFFICE TOMORROW IN SECOND HALF.
KINDLY CONFIRM BY POSTING REPLIES OR CALL[protected]
KINDLY CONFIRM BY POSTING REPLIES OR CALL[protected]
Dear all its a humble request to all investoers pls come in neru place o ffice and ivetigate the matter, why they stop our Cheques ...[protected]
Hi all, m here overseas n too much worrying about my investment, coz my last cheque got bounced, m requesting to all of investors that do something quickly i[censored] can, n grab the clear thing out, its our hard earned money and trust as well, no one is allowed to smash this. if anything comes up please email me, or post ur comment. thanks and best of luck to all.
The news that i heard from one of my friend here in chennai is that City limouzine has won the case and allowed to continue with the business, but the hearing for the City realcom case is on 16th Sept it seems. Ppl say that some restructuring is about to happen and im sure that our money will not go anywhere but the returns would be slashed. Lets keep our fingers crossed and wait for more updates.
In case if anyone has some other opinions on this please keep posted.
Thanks,
Vinesh
In case if anyone has some other opinions on this please keep posted.
Thanks,
Vinesh
I am an investor with CITYLIMOUZINES with the borrowd money from various CREDIT cards on EMIs since last one year. The sudden stoppage of payment since August 15 2009 has shocked me & put me in a great shocking status. I have lost my sleep on night thinking that what will happen if the problem persists further. I shall be unable to repay the EMIs of the cerdit card. Then what will happen thereafter. This month EMI has been paid by surrending my LIC policies. But how can I pay in Oct 09. What will happen to my dependents if I take any adverse step in life ??? Will any one advise me on the issue.
Anirudh
Anirudh
it seems that company has gone, it doesn't exist now, whatever may happen i feel it wont be able to generate and provide money of so many people, i hope it should return money but it seems impossible to me
Dear all one of our Investor send me mail today kindly check 10 spetmeber Times of india
Investment co seeks stay on cases of bounced cheques
C Unnikrishnan | TNN
Mumbai: City Limouzines (India) Ltd, which is being investigated by the police for cheating and the Enforcement Directorate for foreign exchange violations, urged the Bombay high court on Wednesday to stay cases of cheque bouncing registered against it.
The company’s advocate V K Maurya refused to disclose to TOI the details of its application before the court. Justice S J Kathawalla has kept the matter for hearing on September 16. The high court is also hearing two other applications by the firm’s sister concerns.
The company, which promised 48% returns, has run into trouble after the cheques it issued to its investors started bouncing. In some of the instances, the company has instructed the investors across the country not to deposit the cheques till further notice.
The economic offences wing of the city police is investigating a case of cheating on the complaint of one of the investors after the company reneged on one of its promises.
A group of investors turned up at the high court on Wednesday seeking details of the application filed by the company. One of the investors got into the witness box and apprised the judge of their worries. Justice Kathawalla said the court is not in a position to help as they were not party to the matter.
vikas [protected]
Investment co seeks stay on cases of bounced cheques
C Unnikrishnan | TNN
Mumbai: City Limouzines (India) Ltd, which is being investigated by the police for cheating and the Enforcement Directorate for foreign exchange violations, urged the Bombay high court on Wednesday to stay cases of cheque bouncing registered against it.
The company’s advocate V K Maurya refused to disclose to TOI the details of its application before the court. Justice S J Kathawalla has kept the matter for hearing on September 16. The high court is also hearing two other applications by the firm’s sister concerns.
The company, which promised 48% returns, has run into trouble after the cheques it issued to its investors started bouncing. In some of the instances, the company has instructed the investors across the country not to deposit the cheques till further notice.
The economic offences wing of the city police is investigating a case of cheating on the complaint of one of the investors after the company reneged on one of its promises.
A group of investors turned up at the high court on Wednesday seeking details of the application filed by the company. One of the investors got into the witness box and apprised the judge of their worries. Justice Kathawalla said the court is not in a position to help as they were not party to the matter.
vikas [protected]
Hi,
I am also investor in this company, why high level persons of this company are not comming out in open to remove the panic from all the investor's.
No clear cut message will lead to more chaos. Are they listining...?
I am also investor in this company, why high level persons of this company are not comming out in open to remove the panic from all the investor's.
No clear cut message will lead to more chaos. Are they listining...?
Dear all,
I have invested cobo plan on 27th July 2009 till now i have not recieved any cheques but i have seen the company dier situation every body feeling insecure wht is the situation delhi office is also closed
I think its very tention pls how any our Principal amount should be refund by the company for the God sake ...?
if any body have any information about it pls let me know?
mobile:- [protected]
I have invested cobo plan on 27th July 2009 till now i have not recieved any cheques but i have seen the company dier situation every body feeling insecure wht is the situation delhi office is also closed
I think its very tention pls how any our Principal amount should be refund by the company for the God sake ...?
if any body have any information about it pls let me know?
mobile:- [protected]
i am too totally confused about what to do after hearing the complaints on city limunozens... they are not at all replying for our messages .. atleast if they say us what's happening that would surely help us come out of tension.mob num :[protected]
THANK YOU
THANK YOU
Dear all i am coolect a information from times of india addition kindly read this...
MUMBAI: The Supreme Court on Tuesday set aside a Bombay HC order quashing the FIR registered against a private firm, City Limouzines, which had
failed to fulfil one of its promises made to investors while accepting money from them and assuring huge returns.
A division bench of Justices S B Sinha and Deepak Verma restored the FIR and allowed the economic offences wing (EOW) of the city police to continue with investigations against the company. The EOW case was that the firm had cheated investors and committed criminal breach of trust.
In September 2007, the EOW registered a case of cheating against Sayed Masood, promoter of the company, on a complaint by Jalandhar Pansare alleging that the firm had failed to keep its promise.
In 2002, City Limouzines advertised a scheme offering returns of 48% on investments. For instance, on an investment of Rs 97, 000, it offered investors Rs 4, 000 every month for five years. The amount collected by the company was to be used to buy Maruti Omnis, which were to be registered in the names of the investors.
The investors were to be paid the profit from the income generated by giving the vehicles on hire. At the end of the five-year period, the vehicles were to be returned to the investors. Around 22, 000 people invested in the scheme, said the EOW. The company also entered into an agreement with the investors.
Pansare lodged a complaint after he was not given a vehicle as promised. City Limouzines, however, did not default on the monthly payments.
Additional commissioner of EOW Sanjay Saxena said, "Our main argument was that the firm's business matrix was not sustainable. Our investigations will continue now.'' He expressed concern that some people still fell prey to such schemes.
On March 3 last year, a high court division bench of Bilal Nazki and S A Bobde quashed the FIR and observed that "the company had no intention to defraud at the time of inception of the agreement. It is a well-accepted principle that while interpreting a clause of the agreement, the whole of the agreement has to be taken into consideration''.
The bench further observed that applying the principles laid down by various judgments of the apex courts, "we do not think that in the facts and circumstances of the case, an offence of cheating is made out''.
The company's contention was that even if a dispute existed regarding the interpretation of a particular clause in the agreement, it would be a civil dispute and not a matter meant for criminal investigation. City Limouzines got around 22, 000 investors but bought only 4, 000-5, 000 cars.
unnikrishnan.[protected]@timesgroup.com
MUMBAI: The Supreme Court on Tuesday set aside a Bombay HC order quashing the FIR registered against a private firm, City Limouzines, which had
failed to fulfil one of its promises made to investors while accepting money from them and assuring huge returns.
A division bench of Justices S B Sinha and Deepak Verma restored the FIR and allowed the economic offences wing (EOW) of the city police to continue with investigations against the company. The EOW case was that the firm had cheated investors and committed criminal breach of trust.
In September 2007, the EOW registered a case of cheating against Sayed Masood, promoter of the company, on a complaint by Jalandhar Pansare alleging that the firm had failed to keep its promise.
In 2002, City Limouzines advertised a scheme offering returns of 48% on investments. For instance, on an investment of Rs 97, 000, it offered investors Rs 4, 000 every month for five years. The amount collected by the company was to be used to buy Maruti Omnis, which were to be registered in the names of the investors.
The investors were to be paid the profit from the income generated by giving the vehicles on hire. At the end of the five-year period, the vehicles were to be returned to the investors. Around 22, 000 people invested in the scheme, said the EOW. The company also entered into an agreement with the investors.
Pansare lodged a complaint after he was not given a vehicle as promised. City Limouzines, however, did not default on the monthly payments.
Additional commissioner of EOW Sanjay Saxena said, "Our main argument was that the firm's business matrix was not sustainable. Our investigations will continue now.'' He expressed concern that some people still fell prey to such schemes.
On March 3 last year, a high court division bench of Bilal Nazki and S A Bobde quashed the FIR and observed that "the company had no intention to defraud at the time of inception of the agreement. It is a well-accepted principle that while interpreting a clause of the agreement, the whole of the agreement has to be taken into consideration''.
The bench further observed that applying the principles laid down by various judgments of the apex courts, "we do not think that in the facts and circumstances of the case, an offence of cheating is made out''.
The company's contention was that even if a dispute existed regarding the interpretation of a particular clause in the agreement, it would be a civil dispute and not a matter meant for criminal investigation. City Limouzines got around 22, 000 investors but bought only 4, 000-5, 000 cars.
unnikrishnan.[protected]@timesgroup.com
I am the oldest member of Coty Limouzines plan. Please dnt get panic every thing will be fine in few days. You may get some less retursns in future but company will survive for long. I sure company will come up with new ideas
Sub:- Re-Fund against Tentative ownership of 20 sq.ft.
Ref:- Your Receipt No.20105 (City Realcom limited) and City co-op.credit society ltd, Mumbai
Of Rs.107515/- and Rs. 31000/- respectively on Dated 22/07/2009
Dear Sir,
With reference to above subject I have given Cheque No. 434459 HDFC Bank Nerul Branch of Rs. 75000/- and Cheque No. 062351 Axis bank Nerul Branch of Rs.63515/-In favour of City Realcom Mumbai. Above cheque given investment in your company. As per discussion While giving the the payment said within 20days you come to our office for agreement.After 20 days Call to your representative she told me our audit going that is you will come after10 days i.e. on Date 22.08.2009 . I spoken that date she told me till up to date audit going on.
Now I Several times call but not given proper answer from your side.
Ref:- Your Receipt No.20105 (City Realcom limited) and City co-op.credit society ltd, Mumbai
Of Rs.107515/- and Rs. 31000/- respectively on Dated 22/07/2009
Dear Sir,
With reference to above subject I have given Cheque No. 434459 HDFC Bank Nerul Branch of Rs. 75000/- and Cheque No. 062351 Axis bank Nerul Branch of Rs.63515/-In favour of City Realcom Mumbai. Above cheque given investment in your company. As per discussion While giving the the payment said within 20days you come to our office for agreement.After 20 days Call to your representative she told me our audit going that is you will come after10 days i.e. on Date 22.08.2009 . I spoken that date she told me till up to date audit going on.
Now I Several times call but not given proper answer from your side.
Dear Investors,
I have invested in 5 schemes of City Limouzine and till July all cheques get cleared.After that they call me not to deposite cheque till 5th Sept and again till 15th Sep.I dont know what will happen.If any information comes from the Mumbai Investors, pls let Delhi Investors should know or e-mail me or call me at [protected]. I would once again request all investors not to get panic, just pray to god for the speedy recovery of the company. The money we invested was hard earned money no body has right to grab it so simply.
P Chikkara
[protected]
I have invested in 5 schemes of City Limouzine and till July all cheques get cleared.After that they call me not to deposite cheque till 5th Sept and again till 15th Sep.I dont know what will happen.If any information comes from the Mumbai Investors, pls let Delhi Investors should know or e-mail me or call me at [protected]. I would once again request all investors not to get panic, just pray to god for the speedy recovery of the company. The money we invested was hard earned money no body has right to grab it so simply.
P Chikkara
[protected]
I am an investor with CITYLIMOUZINES with the borrowd money from various sources. The sudden stoppage of payment since August 15 2009 has shocked me & put me in a great shocking status. I have lost my sleep on night thinking that what will happen if the problem persists further. I shall be unable to repay the EMIs of borrower. Then what will happen thereafter. This month EMI has been paid by surrending my LIC policies. But how can I pay in Oct 09. What will happen to my dependents if I take any adverse step in life ??? Will any one advise me on the issue.Pls contact if any good news from Mumbai on [protected].
PLEASE LET US KNOW WHAT IS HAPPENING IN THE COMPANY
Please let me know the devolpment of the company
Hi,
Can please somebody know the status of the company and has anybody talked to any company offcials regarding the payments, if there is any update in any office, please update here.
Can please somebody know the status of the company and has anybody talked to any company offcials regarding the payments, if there is any update in any office, please update here.
The high officail from regional and head office should take suitable initiatives to to remove the fear and clouds of anxiety from the mind of customers. No one in the office is even takng notice of complaints and grievances. Postponting date from 5 Sep'09 to 9 Sep, then to 15 Sep, and now 7Oct'09 is causing a lot of worry about the very surval and functioning style of the company. The solution should be concrete, clear, and early for winning the lost faith and hearts of customers. The earlier the solution and resolution for the issues, the better for all.
If any official of the company takes a look on this message, please call me on the given number to brief about the facts of crisis.
Hoping against the hope.
Kantesh Kumar Singh
Chennai
[protected]
If any official of the company takes a look on this message, please call me on the given number to brief about the facts of crisis.
Hoping against the hope.
Kantesh Kumar Singh
Chennai
[protected]
i invested 02 months back, iwas supposed to get agreement after 40 days from deposit date ... now this thing has happend...No body called from their office . They said they have meeting on 07-08 th oct for all investors ...
Today there is article in TOI also
Today there is article in TOI also
I am a victim of asimilar scam commited by TranscityTravels Pvt. Ltd.Same thing is being repeated in the case of City Limousine also.High level Govt. personnels also seem to be co-conspirators.I can bet nothing will happen in this case also & investors will continue to suffer as usual.
I have been an investor in the company since last 3 yrs. the time when i had invested my money, there were hardly any ppl in there office to invest money in the company but recently, it was like a long que of ppl in delhi office with there files in hand. looking at this, i was superstitious that something doesn't seem right. they are getting investments at a pace that they had never dreamed of. even if had no plans of doing any fraud or something, this kind of money may have made them think about doing that. lord knows what will happen. hoping for some relief :(
let us share the information please
Don't spread panic and give them some time to restructure their company, as I believe they have to make new cheques with reduced amount. Be patient, everything will turn out fine and please don't panic.
i recently invested in this company i have recieve only three cheques till date and im going to crazy, this was my total saving i invest here for my future and i think i lost my money pls give me call regarding this case on [protected]
I had invested in the month of April.I had got the returns for three months upto July..When i contacted frnds in Delhi they told me that the office is closed...the date the coy had given was today.But I came 2 knw frm my Bangalore friend that they had not cleared the matter till nw.He told me that the coy called investors on 7th Oct. I dont knw the fact about their case in mumbai high court under foreign exchange act.I request mumbai investors to track the case from mumbai officials.I didnt feel that the coy is closed. it is something tricky to reduce the returns...
Hi, this is a piece of info from Chennai reg the case details.
When I spoke to one of the officials in chennai, he told that The company itself has approached the court to give a suggestion as how to run the company further since the accounts have been freezed due to the FEMA issue. So the court has given orders to conduct a meeting with the investors on 7th and 8th of october and submit the minutes of meeting and based on that if the Court is satisfied it will close the case it seems.
For the ppl who don't know abt the FEMA issue, it is when there was a raid in the company, the CBCID have given a checklist of 26 rules which needs to be followed while getting the investments from the public, but it has not been properly followed. So the court has asked the company to give a report about the source of income of the investor (ie. how did the investor get the cash that he has invested) but the company refused to give. that is why this case is not yet closed.
This is the info i got, hope things turn up well soon.
Do keep us posted on the further details
Thanks!
When I spoke to one of the officials in chennai, he told that The company itself has approached the court to give a suggestion as how to run the company further since the accounts have been freezed due to the FEMA issue. So the court has given orders to conduct a meeting with the investors on 7th and 8th of october and submit the minutes of meeting and based on that if the Court is satisfied it will close the case it seems.
For the ppl who don't know abt the FEMA issue, it is when there was a raid in the company, the CBCID have given a checklist of 26 rules which needs to be followed while getting the investments from the public, but it has not been properly followed. So the court has asked the company to give a report about the source of income of the investor (ie. how did the investor get the cash that he has invested) but the company refused to give. that is why this case is not yet closed.
This is the info i got, hope things turn up well soon.
Do keep us posted on the further details
Thanks!
my file no.1325 amt. invested 250000/- I have recieved cheques for rs.6000/ p.m. dt.13th every month. now they are giving massage not to drop cheques till 15/sep/2009. I think that this is a fraud . I want to register a complaint against them.
Now the hyderabad office of city limouzine is also closed since two days, what is the further information about the co.let me know.
hi all investors,
Just think logically, if the company wants to run away with the money, y should the company be indulged in Income Tax / CBCID CASES or FEMA case?
THEY ARE ACTUALLY HELD UP BY GOVT FILES CASES REGARDING CASH INVESTMENTS MADE BY MORE THAN 22000 INVESTORS AND THE HUGE RETURNS GIVEN BY THEM WHICH THE GOVT CANT EVEN THINK TO DO SO FOR THE INDIANS.
All investors should think positively instead of going on negative rumours... I have just invested three months ago, but still i know the company for last 6 years. Not a single cheque bounce nor a single cheque delayed to reach the investor through post. Just think ... All because of one stupid individual named JALANDHAR PASARE from MUMBAI who filed a case against CITI LIMOUZINES for getting 70000/- hot cash instead of a OMNI car after his harvest of ripened fruit of 05 years solid income of Rs. 4000/- per month, that stupid got his money all 05 years and after that he has created problem for all other investors.
IF THE COMPANY WANTS TO CHEAT THE INVESTORS:-
1.IT WOULD HAVE RAN AWAY WITHOUT TRACE
2.IT WOULD NOT REPLY ABOUT THE CHEQUE DEPOSITING DATES
3.IT WONT CONDUCT MEETING WITH INVESTORS ON 07 TH OCT
Just think logically, if the company wants to run away with the money, y should the company be indulged in Income Tax / CBCID CASES or FEMA case?
THEY ARE ACTUALLY HELD UP BY GOVT FILES CASES REGARDING CASH INVESTMENTS MADE BY MORE THAN 22000 INVESTORS AND THE HUGE RETURNS GIVEN BY THEM WHICH THE GOVT CANT EVEN THINK TO DO SO FOR THE INDIANS.
All investors should think positively instead of going on negative rumours... I have just invested three months ago, but still i know the company for last 6 years. Not a single cheque bounce nor a single cheque delayed to reach the investor through post. Just think ... All because of one stupid individual named JALANDHAR PASARE from MUMBAI who filed a case against CITI LIMOUZINES for getting 70000/- hot cash instead of a OMNI car after his harvest of ripened fruit of 05 years solid income of Rs. 4000/- per month, that stupid got his money all 05 years and after that he has created problem for all other investors.
IF THE COMPANY WANTS TO CHEAT THE INVESTORS:-
1.IT WOULD HAVE RAN AWAY WITHOUT TRACE
2.IT WOULD NOT REPLY ABOUT THE CHEQUE DEPOSITING DATES
3.IT WONT CONDUCT MEETING WITH INVESTORS ON 07 TH OCT
i too agree...hope things will turn out good. if we all create a havoc, things might get bitter. we should wait for the company`s answer to us on 7th. just pray people.hope things will start moving smoothly as they did till july...----ganpati bappa morya.
thanks for the information vinesh and tks.
I HAVE INVEST LAST 3 MONTH BACK& ON 7th SEP CHEQUE WILL BOUNCE.WHEN IREACHED
DELHI OFF NO BODY WAS THEIR &OFF WAS LOK I REQUST 2 U PLS TELL US RIGHT INFOMATION AS SOON AS POSSIBLE.IHOPE THAT COUPLE OF DAYS THINGS R GOOOING RIGHT.
DELHI OFF NO BODY WAS THEIR &OFF WAS LOK I REQUST 2 U PLS TELL US RIGHT INFOMATION AS SOON AS POSSIBLE.IHOPE THAT COUPLE OF DAYS THINGS R GOOOING RIGHT.
Hi Everybody,
Iam also sailing in same boat. Iam also invester in City Limozine co. and now my cheaque also bounced.My sister is also invested in that firm and same thing happened with them. I ring up in Bombay office the reply given by person is total negative towad customer, he told me that people beaten their staff in Delhi that is reason to close the office now case is in court hearing date is 7 Oct.
after that you will know co. will pay or not, and he cut the line. It clear shows that now they are in mood of to collect the money and run away, because if they are innocent why they are not conduct meeting with public? why they are not arranging any press confrece or media channel to keep their views infront of public? My contact no.is [protected], Email Id anil.[protected]@yahoo.co.in
Iam also sailing in same boat. Iam also invester in City Limozine co. and now my cheaque also bounced.My sister is also invested in that firm and same thing happened with them. I ring up in Bombay office the reply given by person is total negative towad customer, he told me that people beaten their staff in Delhi that is reason to close the office now case is in court hearing date is 7 Oct.
after that you will know co. will pay or not, and he cut the line. It clear shows that now they are in mood of to collect the money and run away, because if they are innocent why they are not conduct meeting with public? why they are not arranging any press confrece or media channel to keep their views infront of public? My contact no.is [protected], Email Id anil.[protected]@yahoo.co.in
Hi, this is Gokul. I am an investor from chennai. Yesterday I went to the Nungambakkan branch for an enquiry, the office was closed and I saw a notice on the door, saying that all investors have some meeting on 17th Sept'09 at 10:00 AM( I think this notice was posted by an Investor like us). Please come and we all will take a concise decision. My contact : [protected].
Dear All, yes day to day the news are upsetting. The worst part is non of the official are coming forward to explain the problem. The latest news what I heard is that their is a voting on october 7th. I dodnt know how far its true,
Hi all, one more piece of info, when I called up one of the officials in chennai reg the offices being closed, he told me that the officials from head office have asked to keep the office closed till Oct 7th meeting gets over since there were few violences reported in several branches.
Thus, I request uU all not to panic..
Thanks!
Thus, I request uU all not to panic..
Thanks!
hello investors, city limouzines has a case hearing today, but even though the case is favorable to them, the point is they cannot run there business no more because no one trust this company anymore, basically iam invested in this company too, when i met sayed massod in chennai office in july, and told about the grievence he was laughing wickedly, i was thinking why he was laughing at me like that and today i can feel why he laughed like that, he changed his hair colour and his attitude completely changed, he went for IPL season to south africa and spend lot of money out there (from authentic source from his collegues) no wonder he had a lady seceratary she looked very immoral women and from the few people who knows they saw him wondering in the five star hotels and drinking alcohal and he claim he as muslim which he is not . This women looks like she was holding his knob. IN chennai office he was having briyani with leisure, i hope its all our money, see sayed massod is a person like he knows what he was doing and he can get away with this very easily . its so easy for him to fool us because he has done it very professionally, this case and all other things or drama just for the eyes of investors, please do think logically . This company is no more in business all the people disappear from the respective places .
see actually for ur reference this is been published in HINDU november 5 2008 in karnataka edition but many of them where not aware of it . PLS READ THE BELOW
City Limouzines slams on the brakes
Staff Reporter
BANGALORE: The City Limouzines India Ltd., which claims to be an official sponsor of the Indian Hockey Federation, will not to collect deposits from the public till it gets licence from the Reserve Bank of India to conduct financial activities.
The firm had announced several attractive schemes on its website and invited deposits from the public. But following complaints from the public, City Police Commissioner Shankar M. Bidari wrote to the Corps of Detectives (CoD), Reserve Bank of India, Registrar of Cooperative Societies in Karnataka and the Department of Income Tax and urged them to look into the firm’s financial activities. The Police Commissioner also advised the public, through the media, to be cautious while depositing money.
“In response to our efforts, Chairman of the firm, Mr. S.M. Masood, and (his) advocates met me here on October 30, 2008 and accepted their mistake. They also assured me they would stop accepting deposits from the public, ” Mr. Bidari told presspersons here on Tuesday.
“The company has not obtained licences from the regulatory bodies under the Non Banking Finance Company Act. The police department took some initiatives … as this company too should not go the way of Viniv Inc, Darshanika, Quest or similar enterprise where people have lost heavily after investing money, ” he said.
people like us dont know this very well, just think if it is a proffessional and honest company they might have hold and organise a investors meeting in the beginning and spoke to all and convience about the situation but they have never done that, so now its impossible for them to do, its too late, now only third parties will contact us because they dont have guts to face . so its a day dream that we will meet sayed massod and his co .
THis person has actually done illegal business withour opting licence from RBI, so iam damn sure RBI will ruin there life . so obiviously this company has ruined many peoples life and in chennai they are worst hit, many people are going to die in debt and also thretened to fire themselves if they dont get there money, so many o[censored]s have invested money through getting loan from the banks and cant afford to repay it back many of them trusted this people whole heartedly but god forbids many people life will change after the catistrope. i pray to god for all those people who has invested there hard earn money and i wish god will punish those who are responsible and it definately going to effect there family and childrens who are really innocent, and definately god will make them to pay for there sins .
but i want to say something sayeed masood, literaly u have fooled and cheated all people but think u have done a big crime, you know u can make easy money in india rather than anyother country because u know the loophole in indian law but u cannot escape from god punishment, i[censored] cheat us, you will die with the pain where no one ever died before . so u have time to think, but do remember god is there and u have to pay for ur sins.
see actually for ur reference this is been published in HINDU november 5 2008 in karnataka edition but many of them where not aware of it . PLS READ THE BELOW
City Limouzines slams on the brakes
Staff Reporter
BANGALORE: The City Limouzines India Ltd., which claims to be an official sponsor of the Indian Hockey Federation, will not to collect deposits from the public till it gets licence from the Reserve Bank of India to conduct financial activities.
The firm had announced several attractive schemes on its website and invited deposits from the public. But following complaints from the public, City Police Commissioner Shankar M. Bidari wrote to the Corps of Detectives (CoD), Reserve Bank of India, Registrar of Cooperative Societies in Karnataka and the Department of Income Tax and urged them to look into the firm’s financial activities. The Police Commissioner also advised the public, through the media, to be cautious while depositing money.
“In response to our efforts, Chairman of the firm, Mr. S.M. Masood, and (his) advocates met me here on October 30, 2008 and accepted their mistake. They also assured me they would stop accepting deposits from the public, ” Mr. Bidari told presspersons here on Tuesday.
“The company has not obtained licences from the regulatory bodies under the Non Banking Finance Company Act. The police department took some initiatives … as this company too should not go the way of Viniv Inc, Darshanika, Quest or similar enterprise where people have lost heavily after investing money, ” he said.
people like us dont know this very well, just think if it is a proffessional and honest company they might have hold and organise a investors meeting in the beginning and spoke to all and convience about the situation but they have never done that, so now its impossible for them to do, its too late, now only third parties will contact us because they dont have guts to face . so its a day dream that we will meet sayed massod and his co .
THis person has actually done illegal business withour opting licence from RBI, so iam damn sure RBI will ruin there life . so obiviously this company has ruined many peoples life and in chennai they are worst hit, many people are going to die in debt and also thretened to fire themselves if they dont get there money, so many o[censored]s have invested money through getting loan from the banks and cant afford to repay it back many of them trusted this people whole heartedly but god forbids many people life will change after the catistrope. i pray to god for all those people who has invested there hard earn money and i wish god will punish those who are responsible and it definately going to effect there family and childrens who are really innocent, and definately god will make them to pay for there sins .
but i want to say something sayeed masood, literaly u have fooled and cheated all people but think u have done a big crime, you know u can make easy money in india rather than anyother country because u know the loophole in indian law but u cannot escape from god punishment, i[censored] cheat us, you will die with the pain where no one ever died before . so u have time to think, but do remember god is there and u have to pay for ur sins.
i hav invested 4lakhs in city limozonus...bt nw they didnt return d money and the cheques r bouncing...finally d company was in a fraud...plss...i want d solution 4dis...finally friends wat ru dng further...i want d help...plss suggest me. . . . . .plss...plsss...
dear investors, instead of still having hopes in the co. or claimig to b a complete fraud, it is high time to know what exactly is the matter.some say there is a meeting on 7th oct & if there is a meeeting where & at what time. i wish we meet all together at the earlest. i & many invest. r paying there bank emi 4 there rented car which actually is running on road even today.we need need to clear the matter at earliest.
thanx.
thanx.
Hi all, this issue is being covered in Sun News it seems.. check out!
I think u are all right!! my cheque has also bounced and the company seems to be completly fraud
Please at least give me a call if you get any news about it:
AT
[protected]
Please at least give me a call if you get any news about it:
AT
[protected]
Hi all,
I too have invested in this company in the Hyderabad branch. Pls let me know is any progress in this regard.
Thanks
I too have invested in this company in the Hyderabad branch. Pls let me know is any progress in this regard.
Thanks
pl ger together all investors of citi limo. and form a investor forum who will represent all investors.
please be informed about the devolpments to all
hi everyone, its time to think about the decision we made to invest in a coy like this. its about risk which we have taken. now its time to come together and get that in prison as soon as possible. on the other hand i must advise all the investors to keep their fingers crossed and start looking to recover their money from other sources and let this be a lesson to all o[censored]s who did this investment in greed. all the best!!!
in Chennai sun TV showed the pictures of angry customers, and views in their regional news.some said there is a meeting of investors tomorrow at 10 am, at the ground floor, Rianz garden, whee the branch office is located.
any body from mumbai say about the judgment of case no cal/939/09 which came for final hearing today. in website no orders are posted.
any body from mumbai say about the judgment of case no cal/939/09 which came for final hearing today. in website no orders are posted.
my account number-17555. i have deposited Rs.1, 28, 010 in city realcom limited .I have four posted cheques . No proper response from chennai branch. I have watched SUN NEWS CHANNEL that your company is closed. This is for your kind information and neccessary favourable action please.
my account number-10293. i have deposited Rs.131000 in city realcom. I have five post dated cheques. what should i do? i am disappointed about information got from SUN NEWA CHANNEL. what is your reply? this is for your kind information.please take further actions. ph:[protected]
sir what position pl inform sir [protected] my phone no.
todays newspaper times of india, mumbai said tht ---
;"passport of massood sayeed, the chairman of city limo, an investment firm being probed by ENFORCEMENT DIRECTORATE(ED), has been impounded on request of ED.
city limo is being investigated for alleged foreign exchange violations in connection with a rs. 300 crore export of diamonds to dubai.sources said the buyer of dubai and the party who has remitted the amount were different.they said exports were effected last year and the suppliers of diamonds as claimed by the company denied any such transaction.
the ECONOMIC OFFENCES WING (EOW) of the city police which ws investigating a case of cheating lodged against the company has started receiving more complaints in the last two days.
the investors are planning to meet on shivaji park ground, mumbai on september 17th.
on tuesday, EOW AND ED and some of the investors opposed an application filed by massood in the metropolitan magistrate court seeking permission to go abroad.
ED inits reply said that masood`s family is settled in the USand hence he may not return.the company said that massood is required to travel out of the country on wednesdaybut thecourt adjourned the matter to september 22nd saying it wanted to consider the application on merits."
;"passport of massood sayeed, the chairman of city limo, an investment firm being probed by ENFORCEMENT DIRECTORATE(ED), has been impounded on request of ED.
city limo is being investigated for alleged foreign exchange violations in connection with a rs. 300 crore export of diamonds to dubai.sources said the buyer of dubai and the party who has remitted the amount were different.they said exports were effected last year and the suppliers of diamonds as claimed by the company denied any such transaction.
the ECONOMIC OFFENCES WING (EOW) of the city police which ws investigating a case of cheating lodged against the company has started receiving more complaints in the last two days.
the investors are planning to meet on shivaji park ground, mumbai on september 17th.
on tuesday, EOW AND ED and some of the investors opposed an application filed by massood in the metropolitan magistrate court seeking permission to go abroad.
ED inits reply said that masood`s family is settled in the USand hence he may not return.the company said that massood is required to travel out of the country on wednesdaybut thecourt adjourned the matter to september 22nd saying it wanted to consider the application on merits."
Hi,
I have invested in this company in june 09 because my cousin told me and he is getting regular cheques from last couple of yrs. I got only 1 cheque cleared and after that i got call from city limouzines saying some audit is going on till sep 5 so i waited till 5th sept.since the news broke out of cheque bounce i m worried. I m hoping things will be back on track
I have invested in this company in june 09 because my cousin told me and he is getting regular cheques from last couple of yrs. I got only 1 cheque cleared and after that i got call from city limouzines saying some audit is going on till sep 5 so i waited till 5th sept.since the news broke out of cheque bounce i m worried. I m hoping things will be back on track
Hi
I invested 128000 on 24/06/09 and got 7 post dated cheque after 20 days for 8800. I deposited my 1st cheque on july 24th and got it cleared. i got a call from city limouzine sometime in august before 24 th and they said not to deposit cheque because some audit is going on, at that very moment i was sceptical abt the fraud. so guys anyone who have better information to share plz call me on cell no.[protected]
I invested 128000 on 24/06/09 and got 7 post dated cheque after 20 days for 8800. I deposited my 1st cheque on july 24th and got it cleared. i got a call from city limouzine sometime in august before 24 th and they said not to deposit cheque because some audit is going on, at that very moment i was sceptical abt the fraud. so guys anyone who have better information to share plz call me on cell no.[protected]
City Limouzines — company failed to pay monthly installments
citi limouzines mumbai. we invested lot of money with this company. company offices were closed at hyderabad. and they were not responding to our calls. media news is that the company closed. please investigate on this company. and recover our money as early as possible. times of india website states-
MUMBAI: The office of the registrar of cooperatives has begun an inspection into the accounts of City Cooperative Credit Society, a sister
concern of City Limouzines.
"There is a web of transactions which we are trying to figure out. The credit society financed the vehicles that were purchased by City Limouzines and given on hire. It also financed the properties purchased through City Realcom. Of the investments collected from the public, a part was deposited as fixed deposits in the credit society, '' said an official from the registrar of cooperatives.
City Limouzines, a part of the City Group, is being investigated by the economic offences wing (EOW) of the city police for cheating and by the Enforcement Directorate for foreign exchange violations. The cheques issued by the company as returns on investments have started bouncing, causing panic among thousands of investors.
Meanwhile, EOW will file an application in the Bombay high court to modify a December 2007 order which imposed certain conditions on the company's chief Sayeed Masood and two directors while going abroad. "There was only one complaint then but now several investors have come forward. Hence, those conditions need to be modified, '' said additional commissioner of police (EOW) Sanjay Saxena. The HC had asked the directors to deposit Rs 55, 000, make an application in the Esplanade Court and provide their travel itinerary before leaving the country.
One of the investors, Kirti Patel has filed a PIL urging the court to direct EOW to register fresh FIRs against the company. "The police have registered only one FIR. Our complaints should also be registered, '' he said.
MUMBAI: The office of the registrar of cooperatives has begun an inspection into the accounts of City Cooperative Credit Society, a sister
concern of City Limouzines.
"There is a web of transactions which we are trying to figure out. The credit society financed the vehicles that were purchased by City Limouzines and given on hire. It also financed the properties purchased through City Realcom. Of the investments collected from the public, a part was deposited as fixed deposits in the credit society, '' said an official from the registrar of cooperatives.
City Limouzines, a part of the City Group, is being investigated by the economic offences wing (EOW) of the city police for cheating and by the Enforcement Directorate for foreign exchange violations. The cheques issued by the company as returns on investments have started bouncing, causing panic among thousands of investors.
Meanwhile, EOW will file an application in the Bombay high court to modify a December 2007 order which imposed certain conditions on the company's chief Sayeed Masood and two directors while going abroad. "There was only one complaint then but now several investors have come forward. Hence, those conditions need to be modified, '' said additional commissioner of police (EOW) Sanjay Saxena. The HC had asked the directors to deposit Rs 55, 000, make an application in the Esplanade Court and provide their travel itinerary before leaving the country.
One of the investors, Kirti Patel has filed a PIL urging the court to direct EOW to register fresh FIRs against the company. "The police have registered only one FIR. Our complaints should also be registered, '' he said.
Wake up people !!!
They have shut shops... and we have lost the money !!!
Read this article posted on news-relay.com... for further details, check this site.. there are several other sites that have posted similar news.
********* CITY LIMOUZINES India Limited, a finance company, shuts the doors of business in Hyderabad on Tuesday by cheating counts of customers.
A case has been filed in Abids police station against the company under section 420 (cheating) of IPC.
Approx 50 clients, who either experienced the fraud or came to know of the fraud from the secondary sources, hurried to the city branch office of the firm at Abids.
But they found that the office was closed, on the span of minute they approached the Abids police station.
The police filed a case against the company at around 8.30 pm
The company had also issued preference shares in the name of City Realcom Limited, and attracted credulous investors by asking them to invest a minimum of Rs 1, 30, 000 with a promise that the investor would get a monthly return of Rs 7775 per Rs 1.30 lakh.
The company paid interest every month for three years, but their cheque got dishonoring since August********
Tough luck.. looks like i will go mad !!!
They have shut shops... and we have lost the money !!!
Read this article posted on news-relay.com... for further details, check this site.. there are several other sites that have posted similar news.
********* CITY LIMOUZINES India Limited, a finance company, shuts the doors of business in Hyderabad on Tuesday by cheating counts of customers.
A case has been filed in Abids police station against the company under section 420 (cheating) of IPC.
Approx 50 clients, who either experienced the fraud or came to know of the fraud from the secondary sources, hurried to the city branch office of the firm at Abids.
But they found that the office was closed, on the span of minute they approached the Abids police station.
The police filed a case against the company at around 8.30 pm
The company had also issued preference shares in the name of City Realcom Limited, and attracted credulous investors by asking them to invest a minimum of Rs 1, 30, 000 with a promise that the investor would get a monthly return of Rs 7775 per Rs 1.30 lakh.
The company paid interest every month for three years, but their cheque got dishonoring since August********
Tough luck.. looks like i will go mad !!!
Pop, Please dont jump into any conclusions, I have been following up with the things going around and Im quiet confident that we shall defntly get our money back. The news which you have posted here is just based on what ppl say and it is not the fact and also keep in mind that it is just from media and not from the Court.
Please have faith.. And one more piece of info is that one of my friend who went 2 mumbai a couple of days back, met the directors and even Masood and he told like he got a very positive reply and they are ready to continue the business with reduced returns and duration.
I request you all to please wait till oct 7th and if possible plan to attend the meeting which is scheduled in mumbai..
Thanks!
Please have faith.. And one more piece of info is that one of my friend who went 2 mumbai a couple of days back, met the directors and even Masood and he told like he got a very positive reply and they are ready to continue the business with reduced returns and duration.
I request you all to please wait till oct 7th and if possible plan to attend the meeting which is scheduled in mumbai..
Thanks!
I am from chennai and have invested in city group since 2007 and also in 2009 I was getting all my cheques cleared so far on Aug.11th 2009 I invested in combo schem and the problem started for cheque bounce I have not got any PDC for my last investments and now Chennai nugambakkam office is also closed and thousands of people are coming everyday to find out the mumbai office is still functioning but are not able to give clear picture it seems now they have come up with a meeting 0n 7th October at Wankhade Stadium mumbai and the management are going to give clarification towards the problem please who ever are in mumbai attend the meeting and let us know the outcome of the same as the company person are saying that the investor money will be refunded but how, when and why the delay is not clear. Hope this problem is cleared as crores of person have invested their hard earn money in this company and now all other location offices are closed accept mumbai HO. lets all take a collective action towards the whole issue and the government, police should protect our hard earn money. All the best to all investors
Jimmy Fitter ( Chennai )
Jimmy Fitter ( Chennai )
I have also invested in the company. Does anybody have any latest information on the company.
oct 7th but wats the time??
hey all i am al;so invested a huge amount recently. i have collected just two months returns only... plse any one to help us...what will happened to our money...
Unfortunately we invested our hard earned money in that company on seeing their past record of payments to our friends promptly.Now we felt that there is some thing wrong surely and having leagal problem to the company. In this time government must take appropriate steps to recover the money as much as possible to the poor and greedy investors. This is the duty of a perfect government during this crisis time. It is well proved that the company is a cheated one now.
Investor,
Parthiban,
chennai.
Investor,
Parthiban,
chennai.
in mumbai there ws a meeting at shivaji park yestrday of all investors of mumbai--and the maharashtra navnirman sena-a political body has volunteered to help the people==their associate got the list of properties owned in maharashtra--said tht the property could be sold to give back the money to the people. i think political and govt organisations should really take action into the matter.
owned by city limouzines ...
hi i am investor in city limouzine co.my cheques are not getting clear, now MNS are supporting investors, now there are meeting on october 7, lets wait and see, plzz guys inform me [protected]
I deposited my cheque on 12 sep and it bounced. Their phones are all out of order.
Aruni, Bangalore.
Aruni, Bangalore.
I've invested a sum of Rs.6, 50, 000 in this company and our cheaques were bounced from august the company has to explain clearly the reasons behind this mis happenning and convey us when it will be normal so that we are'nt afraid of our money loss..
Hope for the positive ...
I am Naushad from Mumbai & i m a client of City Limouzines India Ltd. I received a cheque of amount Rs. 16541 dated as 28-Aug-2009 from City Limouzines India Ltd, As the rumours were spreading that chqs are getting bounced i didnt deposit my chq and i called up there office to chk wether is it right, there office reply please wait for next week becoz there r internal audit so all check are stopped.
Can u please should i go ahead and complaint in the police station or what should be next step
ThanKS bRGDS
Can u please should i go ahead and complaint in the police station or what should be next step
ThanKS bRGDS
boss hope for best i dont know y but i feel that city limouzines company will not fraud n any can help me out with the timing coz every one is posting meeting is on 7 oct but no ine said time so plz help me n let me know the timing
Please stop writing or saying I am investor i[censored] were not u would all had not come on this page
Please only try to gather new updates what is appning & whats nexts update it all on here so all be present in a mass meeting or get together what will be the result it will be for all hope the best
Please only try to gather new updates what is appning & whats nexts update it all on here so all be present in a mass meeting or get together what will be the result it will be for all hope the best
Please stop writing or saying I am investor i[censored] were not u would all had not come on this page
Please only try to gather new updates what is happning & whats nexts update? who ever gets a genuine news update it here so all be present in a mass meeting or get together what will be the result it will be for all hope the best
Please only try to gather new updates what is happning & whats nexts update? who ever gets a genuine news update it here so all be present in a mass meeting or get together what will be the result it will be for all hope the best
Hi guys.Pls mail me for further updates.Im frm Mumbai.
Meeting at 11am on 7Oct.Garware Club, Wankhade Stadium.
Meeting at 11am on 7Oct.Garware Club, Wankhade Stadium.
Hi, what will happen in cases who havent received their agreement too excepl a reciept of payment which was on 19Aug, '09.Im from Mumbai..Any one any details of any doings, please mail me.
Hi, I and my husband are also sufferer like you all and praying to God to resolve this issue at the earliest. We have invested a huge amount in this city limouzine company and are severely worried about how to get our money back from this co. We have presented thrice the monthly cheques to our banks and everytime it bounced back and reason is non-sufficient funds. I don't know what to do. Tried calling lots of time to their Delhi and Mumbai office...but seems no one picking up the phones. Really we all are that we have invested our hard earned money in these CHHALU companies and can't get real picture of them. So keep patience and let's pray to God to sort out this as early as possible so that we all can take relief in our disturb life...or otherwise TAKE some hard/rude action against this company...We are with you...What do you say??
Yes Deepa your right.I think your from Mumbai too.In a few days time i am not here, im worried hw will i get my money.Really it happen too early with us only.Please give me some information if you get please.You can mail me..Its prayers that can save us..
I also invested huge money and suffering financially much now. I heared that tomorrow those who are in chennai may submit their copies of documents to the city police commissioners office. If any one knows the actual condition please do write to me.
Investor,
Parthiban,
Chennai.
Investor,
Parthiban,
Chennai.
Dear All
I am an investor since aug 08. I had invested about 1.28, 000 and recovered half the amount .. I could have invested more but i did not . the day i invested i was sure that i mite loose all the money or get cash for the next 5 yrs ... People who were only relying on this for thier income have to wake up .. how could a company survive by giving 48% returns for a long time ..
Please wake up and stop dreaming ...
All our money is gone ..stop expecting anything
call me on [protected] for any clarifications
I am an investor since aug 08. I had invested about 1.28, 000 and recovered half the amount .. I could have invested more but i did not . the day i invested i was sure that i mite loose all the money or get cash for the next 5 yrs ... People who were only relying on this for thier income have to wake up .. how could a company survive by giving 48% returns for a long time ..
Please wake up and stop dreaming ...
All our money is gone ..stop expecting anything
call me on [protected] for any clarifications
ma,
bacha lo mera paisa doob gaya city limo. may fraud company
bacha lo mera paisa doob gaya city limo. may fraud company
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