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hi!!! i have also invested in the relcom...offer..just tried reaching the chennai branch office..and not been getting any response since the incident of cheque being dishonoured..due to insufficient funds..tried calling the Mumbai Office..But in VEIN!!! unable to reach any of the branches..Is my money going to be returned???????? or how will be paid the dues that real com owes us?? People seem to have given +ve replies...but hope not to be fooled...
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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 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 say about the judgment of case no cal/939/09 which came for final hearing today. in website no orders are posted.
There is Zero progress of the company (Citi Limouzines). Even the Employess of delhi & bombay branch cannot pick the phone. They are only given us only date & date. Firstly 5th sep then 15th sep after that 25th sep now there is an ruomer that there is an meeting on 7th october on some statium on mumbai. I cant understand wat can I do. Its is humble request to all the member customers of the company to please keep contact with each other and distribute their Mobile No
Kamal Sharma ( Faridabad )
[protected]
1 week ago
Kamal Sharma ( Faridabad )
[protected]
1 week ago
Please visit in mouthshut.com and type city limouzine in the product option to read reviews. There is a lot of reviews on City Limouzine by its members.
the company is now no more, please all the invester including me( 2 months ago) go to bed. The massod likely to moved US.
Dear friend, FROM APRILto July 09 THE COPMPANY HAS received money from new bookings and paid the old one. Pl remembers, they city real com extended new scheme more than 4 times during June-July 09...
If my assumption goes right they company once caught under net of FEM A/FERA THEIR OPERATION CAME TO A GRINDING HALT. INSTEAD THE OFFICIALS MAKING THEIR BANKING ACCOUNTS FREEZED THE COMPANY MIGHT HAVE TAKEN IMITATIVE TO STOP ALL THE CHEQUES, AND AS PER I PARA IN SOME OF THEIR R ACCOUNTS INFLOW STOPPED DUE TO THEIR GOD KNOWS, WHICH ACTIVITY WHERE THEY FACED DEFEAT. NOW AS PER PRESENT SCENARIO THEY ARE SURROUNDED BY SO MANY INVESTIGATIONS. SINCE E THE MATTER IS SUBJUDICE, THE COMPANY CANNOT AND SHOULD NOT COME OUT WITH ANY STATEMENTS,
BUT ONE INTERESTING POINT IS THAT IN SPITE OF ALL THESE THINGS THEY MOVED FOR A ARRANGEMENT IN MUMBAI COURT UNDER COMPANY LAW. ONCE THEIR PROPOSED ARRANGEMENT AS PER COURT DIRECTIVE IS PUBLISHED IN FREE PRESS JOURNAL, IN THE FORTH COMING DAYS A CLEAR PICTURE WIIL EMERGE, AS WHAT IS THEIR INTENTION AND WHAT WE ARE TO THEM.
ANOTHER THING I AM LOOKING FOR IS TODAY'S ORDER IN MUBMAI COURT WHICH VERY RELEVANT SINCE IT DEALS WITH OTHER PROVISION OF COMPANIES ACT, WHERE IN CORPORATE DECOMARCY I.E PASSING RESOLUTION BY POSTAL BALLOT IS MENTIONED. I[censored]R FROM MUMBAI PL WATCH OUT COURT PROCEEDING AND INFORM. REGARDS GANESH
If my assumption goes right they company once caught under net of FEM A/FERA THEIR OPERATION CAME TO A GRINDING HALT. INSTEAD THE OFFICIALS MAKING THEIR BANKING ACCOUNTS FREEZED THE COMPANY MIGHT HAVE TAKEN IMITATIVE TO STOP ALL THE CHEQUES, AND AS PER I PARA IN SOME OF THEIR R ACCOUNTS INFLOW STOPPED DUE TO THEIR GOD KNOWS, WHICH ACTIVITY WHERE THEY FACED DEFEAT. NOW AS PER PRESENT SCENARIO THEY ARE SURROUNDED BY SO MANY INVESTIGATIONS. SINCE E THE MATTER IS SUBJUDICE, THE COMPANY CANNOT AND SHOULD NOT COME OUT WITH ANY STATEMENTS,
BUT ONE INTERESTING POINT IS THAT IN SPITE OF ALL THESE THINGS THEY MOVED FOR A ARRANGEMENT IN MUMBAI COURT UNDER COMPANY LAW. ONCE THEIR PROPOSED ARRANGEMENT AS PER COURT DIRECTIVE IS PUBLISHED IN FREE PRESS JOURNAL, IN THE FORTH COMING DAYS A CLEAR PICTURE WIIL EMERGE, AS WHAT IS THEIR INTENTION AND WHAT WE ARE TO THEM.
ANOTHER THING I AM LOOKING FOR IS TODAY'S ORDER IN MUBMAI COURT WHICH VERY RELEVANT SINCE IT DEALS WITH OTHER PROVISION OF COMPANIES ACT, WHERE IN CORPORATE DECOMARCY I.E PASSING RESOLUTION BY POSTAL BALLOT IS MENTIONED. I[censored]R FROM MUMBAI PL WATCH OUT COURT PROCEEDING AND INFORM. REGARDS GANESH
my name nitesh kumar and i say tha t they want to run they can but they don't its a positive point
so hope wait till the case is final and a new they said the have hold a meeting in mumbai on
7 or 8 october with the owner of the company and told hole metter so plz... contact with the company and u know any news plzzzzzzzzzzzz call me
my no. [protected]
so hope wait till the case is final and a new they said the have hold a meeting in mumbai on
7 or 8 october with the owner of the company and told hole metter so plz... contact with the company and u know any news plzzzzzzzzzzzz call me
my no. [protected]
I had invested in July 2009, the amount of 250, 000, I had got only one instalment, and now this problem, one thing I am unable to understand is, if this Masood is fraud, then why the goverment has not taken any action, why he is not arrested, like in "Satyam" case the moment goverment came to know Ram Linga Raju was arrested and put behind bars, this prove that Masood may not be fraud may be he is embroiled in legal problems, but the apathy shown by EOW and authorities by not clearing anything to the investors is puzzling, the goverment should take over this matter if Masood is fraud and clear the investors due as in Satyam Case.
Regards
Regards
guys
i have also invested in city realcom ...i thing if that person massod has a will to go into the court to fight for his company ..then he's not a fraud .. he might have left everything when these prob occured...why is he defending his case...
.plz guys be in touch and share anything and everything about city realcom ..i have an xam tommorow n cannto concentrate due 2 this buullshitt...
Regard's
i have also invested in city realcom ...i thing if that person massod has a will to go into the court to fight for his company ..then he's not a fraud .. he might have left everything when these prob occured...why is he defending his case...
.plz guys be in touch and share anything and everything about city realcom ..i have an xam tommorow n cannto concentrate due 2 this buullshitt...
Regard's
Dear all be it investors or non-investors
Whenever a negative comment is made or a negative aspect is highlighted, it is completely done on the sake of ignoring positive aspect no matter of how improtance.Following are the points which should, i say must, be taken into consideration while discarding any hope of survival of the City:
A. Can any company prolong so much on the basis of new investment alone? Running the business or scheme for seven to ten years is no joke or not feasible on the basis of paying old customer with the money of new customers/investments. The fact cannot be denied that there must have been some sources of regular income legal or illegal, logical or illogical. At the same time i also donot deny in declination of such sources of income which might have affected the financial position of the company. It must have started during stock market crash. During 2006-07 the mutual funds have registered a phenomenal return o[censored]pto 65% a year. It can assumed the city might have invested some of its investments in mutual funds/portfolios. Couldn't it? Besides, in a city like Delhi where a auto driver is willing to pay around Rs. 400/- a day as a rent. If you purchase a auto amounting Rs. 1.5 lac you will get around Rs. 400*30= Rs. 12000/- a month. All these options were there to generate high return!
B. Some has pointed out that the company paid to old customers from the investors' money received during Apr-Jul 09. Just imagine how many investment could have been made between the period in question.[protected] ! 5000*Rs. 1.25 lac = Rs. 125 crore, amount paid between Apr-Jul 09 is 8800*4*100000(No of investors, a rough figure which is likely to be higher)= Rs. 352 crore. There is a difference of Rs. 227 crore. Besides, there are other expenses such as salary, office maintenance etc.These are just estimation.
C. When stock market crashed city could have created this drama of collapse. At that juncture people might have believed this. But the city gave astonishing returns!
D. If Masood had to run away he might have realised this well before all these emerged. Being a person of great influence he must have not highlighted himself. Further, he must have confined his business to one place rather spreading it to most of the major cities.
All the above facts give me strength and patience to wait and watch. However, i cant deny any thing opposite. Whatever is likely to happen in future to come I am here to console and stand by myself to have hope till the matter is dead.
Theses are purely my personal views. Accept or decline its upto ... Any grammatical error is regretted!
"Raat Bhar ka hai mehma andhera, kiske roke ruka hai savera"
"Wo subah kabhi to aayegi"
With best of luck and wishes to all investors.
Whenever a negative comment is made or a negative aspect is highlighted, it is completely done on the sake of ignoring positive aspect no matter of how improtance.Following are the points which should, i say must, be taken into consideration while discarding any hope of survival of the City:
A. Can any company prolong so much on the basis of new investment alone? Running the business or scheme for seven to ten years is no joke or not feasible on the basis of paying old customer with the money of new customers/investments. The fact cannot be denied that there must have been some sources of regular income legal or illegal, logical or illogical. At the same time i also donot deny in declination of such sources of income which might have affected the financial position of the company. It must have started during stock market crash. During 2006-07 the mutual funds have registered a phenomenal return o[censored]pto 65% a year. It can assumed the city might have invested some of its investments in mutual funds/portfolios. Couldn't it? Besides, in a city like Delhi where a auto driver is willing to pay around Rs. 400/- a day as a rent. If you purchase a auto amounting Rs. 1.5 lac you will get around Rs. 400*30= Rs. 12000/- a month. All these options were there to generate high return!
B. Some has pointed out that the company paid to old customers from the investors' money received during Apr-Jul 09. Just imagine how many investment could have been made between the period in question.[protected] ! 5000*Rs. 1.25 lac = Rs. 125 crore, amount paid between Apr-Jul 09 is 8800*4*100000(No of investors, a rough figure which is likely to be higher)= Rs. 352 crore. There is a difference of Rs. 227 crore. Besides, there are other expenses such as salary, office maintenance etc.These are just estimation.
C. When stock market crashed city could have created this drama of collapse. At that juncture people might have believed this. But the city gave astonishing returns!
D. If Masood had to run away he might have realised this well before all these emerged. Being a person of great influence he must have not highlighted himself. Further, he must have confined his business to one place rather spreading it to most of the major cities.
All the above facts give me strength and patience to wait and watch. However, i cant deny any thing opposite. Whatever is likely to happen in future to come I am here to console and stand by myself to have hope till the matter is dead.
Theses are purely my personal views. Accept or decline its upto ... Any grammatical error is regretted!
"Raat Bhar ka hai mehma andhera, kiske roke ruka hai savera"
"Wo subah kabhi to aayegi"
With best of luck and wishes to all investors.
There is a corrigendum in my previous post/comment. Read 10000*1.25 lac= Rs. 125 crore in place of 5000*1.25 lac=Rs. 125 crore in point B.
i totally agree with you deepak
dear deepak,
please refer the case of SATYAM comuter. Your idea is no more. The money requirement is based on the status like i[censored] give 0nly ten thousand to a beggar then he becom the richest person in the world himself. for example one crore for me. some people take huge amount and going to jail as they know that our Judiciary procedurers are so weak and nothing hemper to their health.
please refer the case of SATYAM comuter. Your idea is no more. The money requirement is based on the status like i[censored] give 0nly ten thousand to a beggar then he becom the richest person in the world himself. for example one crore for me. some people take huge amount and going to jail as they know that our Judiciary procedurers are so weak and nothing hemper to their health.
Dear Pintu,
Satyam and the city are totally two different cases. If Masood and Co had to run away with huge amount. if I were Masood, I might have left somewhere in mid 2008 itself with a bigger amount than what is at present as someone speculates, if my intention was to cheat the investors. Giving ten thousand to a beggar doen not make him the richest automatically. There are many who trades there in streets but only one Dhirubhai Abani who rose to such position. So the lesson is higher the risk higher the gain provided it should have the luck on its side.
Everything dies when hope dies and hope is the last to die.
Satyam and the city are totally two different cases. If Masood and Co had to run away with huge amount. if I were Masood, I might have left somewhere in mid 2008 itself with a bigger amount than what is at present as someone speculates, if my intention was to cheat the investors. Giving ten thousand to a beggar doen not make him the richest automatically. There are many who trades there in streets but only one Dhirubhai Abani who rose to such position. So the lesson is higher the risk higher the gain provided it should have the luck on its side.
Everything dies when hope dies and hope is the last to die.
Dear all city limouzines investors, according to mumbai office we should wait upto 15th September 2009 and it has passed but until now there is no clear information from office to investors. It is making confusion and puting us in trouble and also mind masterbte to think several options. I am also investor from last 4 years but I did not get any call or sms for such happening. From last August 2009 checks bounced then i call to city limouzine office then there was reply wait upto 15th september. Only God knows that what is inside the heart of Mr. Masood. I am reqeusting to gentle man Mr. Masood please let it continue your business as it was from a long time.At final I pray to God during holy Ramajan Insa Allah every thing will better and all investor will be happy.
To Deepak and all those who are positive about this episode...
I am with you guys. I am glad that there are so many people out there with hope. Whether we get the money or not its another story, but at least be positive about it, and go with the flow. Worrying and creating panic will only put health (ours and other investors) at risk.
Having said that, instead of complaining and crying and listening to all those who are causing an hysteria - we have to prepare our mind for the worst, and hope for the best.
Have a good day and God bless us all.
I am with you guys. I am glad that there are so many people out there with hope. Whether we get the money or not its another story, but at least be positive about it, and go with the flow. Worrying and creating panic will only put health (ours and other investors) at risk.
Having said that, instead of complaining and crying and listening to all those who are causing an hysteria - we have to prepare our mind for the worst, and hope for the best.
Have a good day and God bless us all.
CITY LIMOUZINES CASE
Now, City co-op soc under scanner
C Unnikrishnan I TNN
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 of the city police for cheating and by the Enforcement Directorate for foreign exchange violations. The cheques issued by the firm as returns on investments have started bouncing, causing panic among thousands of investors.
Meanwhile, EOW will file an application in Bombay HC 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.
R.srini rengaraj
Now, City co-op soc under scanner
C Unnikrishnan I TNN
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 of the city police for cheating and by the Enforcement Directorate for foreign exchange violations. The cheques issued by the firm as returns on investments have started bouncing, causing panic among thousands of investors.
Meanwhile, EOW will file an application in Bombay HC 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.
R.srini rengaraj
Cheques dated 30 Aug 09 and 14 Aug, 14 sep 09 and my brother's dated 28 Aug 09 are bounced, when we went to their Delhi office they told to make it on 5th Sep, on 5th for 7 Sep and after that they give amessage on mobile to hold the cheque till 15 Sep, on 15 th Sep when we visited the office thay closed their Delhi Office putting a note temporerly closed for details call at Mumbai office. What we can do now
its a open fraud. they take out the money. almost it has closed
its a fraud company they are going to cheat you all