Comments
As i told you all that Mr. MASOOD is big game player in LEGAL circle.HE IS WASTING PRECIOUS TIME OF COURTS, POLICE & INVESTORS. This are all gimmicks, if he appears to be honest then what is harming him in disposing the property of Company and repay the Debt's of Investors.He is a white collared highly crook who will use our money to screw us, with the outcome a big ZERO.
As usual today also S.M., MASOOD did not turned in High Court, Hon.
Judge rejectected his petition filed for remodification of 3rd Dec.
bail order fearing arrest from other states. The next hearing is
called on 11th Dec. 2009, probably the order of rearrest would be
implied on as against interim relief stated by HC on last week 3rd
Dec.
Today in Quilla Court Hon. Judge Mirza has rejected Geeta Razzaki's
bail application retained her back in judicial custody. she will have
to attend Bandra court hearing on DEC 22ND.
THANKS JAYANTHAJI
Judge rejectected his petition filed for remodification of 3rd Dec.
bail order fearing arrest from other states. The next hearing is
called on 11th Dec. 2009, probably the order of rearrest would be
implied on as against interim relief stated by HC on last week 3rd
Dec.
Today in Quilla Court Hon. Judge Mirza has rejected Geeta Razzaki's
bail application retained her back in judicial custody. she will have
to attend Bandra court hearing on DEC 22ND.
THANKS JAYANTHAJI
Police set up special team to probe City Limo scam
Wednesday, December 9, 2009 1:08 ISTMumbai: Looking into the enormity of the alleged scam by City Limouzine (India) Ltd, a Cuffe Parade-based
firm, the economic offences wing (EOW) of the Mumbai crime branch has formed a special investigative team to look into the case. With the number of complaints increasing, an eight-member team, led by an assistant commissioner of police, has been formed to investigate the case, said a crime branch officer."The need for a specialised team was felt because many people are coming forward with complaints almost on a daily basis, " the officer said. "A dedicated team will be able to concentrate on the case and even the victims will be able to interact with them.""The team was formed last week, " said Rakesh Maria, joint commissioner of police, crime. The firm is under investigation on charges of cheating after it failed to repay investors their interest since August.
COPIED FROM MOUTH SHUT COM WITH THANKS
Wednesday, December 9, 2009 1:08 ISTMumbai: Looking into the enormity of the alleged scam by City Limouzine (India) Ltd, a Cuffe Parade-based
firm, the economic offences wing (EOW) of the Mumbai crime branch has formed a special investigative team to look into the case. With the number of complaints increasing, an eight-member team, led by an assistant commissioner of police, has been formed to investigate the case, said a crime branch officer."The need for a specialised team was felt because many people are coming forward with complaints almost on a daily basis, " the officer said. "A dedicated team will be able to concentrate on the case and even the victims will be able to interact with them.""The team was formed last week, " said Rakesh Maria, joint commissioner of police, crime. The firm is under investigation on charges of cheating after it failed to repay investors their interest since August.
COPIED FROM MOUTH SHUT COM WITH THANKS
LATEST IN A NUTSHELL
Hearing in Mumbai HC tomorrow.
Masood has not come to EOW even once.
Supreme Court transfer petitions taken back by Masood.
Hearing in Mumbai HC tomorrow.
Masood has not come to EOW even once.
Supreme Court transfer petitions taken back by Masood.
Hi All,
Yes, City Realcom and its sister concern City Limousines have failed. I have already filed a complain with other investors and submitted our documents to the Police. As of now we have no response but as per the news on the internet i think there is a special team put up for the case. Anyways the question is WHEN WILL BE GET OUR MONEY BACK... i think the answer is NEVER..
Yes, City Realcom and its sister concern City Limousines have failed. I have already filed a complain with other investors and submitted our documents to the Police. As of now we have no response but as per the news on the internet i think there is a special team put up for the case. Anyways the question is WHEN WILL BE GET OUR MONEY BACK... i think the answer is NEVER..
Can any body tell me present position of the company. ple call +[protected], or email [protected]@yahoo.com
Anticipatory Bail rejected on all counts. No more protection for Masood in Maharashtra or from out of state police.
Judge told the advocate for City that free food, free shelter and free clothing is always available for the applicant from the state, meaning jail.
So atleast one good thing happened today.
thanks manohar lohia
Judge told the advocate for City that free food, free shelter and free clothing is always available for the applicant from the state, meaning jail.
So atleast one good thing happened today.
thanks manohar lohia
Sir, Is there any assurance made by City Realcom or H'nrable Court to return the investors money as early as possible. Many of them lost their hope to get back their having which they invested in city realcom and compony instead of returning their money takes the shelter in court. Kindly let the people know about whether they will be given their money or not.
Sir, Is there any assurance made by City Realcom or H'nrable Court to return the investors money as early as possible. Many of them lost their hope to get back their money, which they invested in city realcom, and compony instead of returning their money takes the shelter in court. Kindly let the people know about. whether they will be given their money or not.
citylimouzines/realcom.com — cheques bounes
sirI invest in coy combo plan/realcome/vean appox 6 lac so pls retrun my money. my contact no [protected] sir this coy aproval and financeal appored. pls what happening tell me
FROM TODAYS TOI
Mumbai: “You can enjoy the state privileges like free food, free shelter and free clothing, ’’ said Justice V M Kanade on Monday while rejecting the anticipatory bail application of City Limouzines chairman S M Masood. The court was making it clear that since Masood had failed to work out a settlement scheme as promised, he will have to be taken into custody.
Masood had filed an application in the high court after the sessions court rejected his anticipatory bail a month ago. On December 3, Justice Kanade had granted interim protection to Masood after his counsel assured that his assets would be liquidated to clear the dues of investors. The court had asked Masood to report to the economic offences wing (EOW) for three days and discuss the repayment scheme with various investors’ groups.
Apprehending arrest by the Chennai police, Masood did not turn up before the EOW as the interim protection was granted only from arrest by the police in Maharashtra. Masood’s counsel, S Jha, told the court that he had informed the same to EOW and hence modified his application for blanket protection from arrest by police from other states.
Jha told the court that he discussed the repayment pattern with some investors’ groups. However, this was contested by lawyers representing several investors’ groups. Jha also told the court that sending Masood to custody will not serve any purpose. He also promised to make a deposit in court to prove his bonafides.
Justice Kanade, after going through the details of the case and the various orders passed, said that several people have invested their savings, including retirement benefits in the scheme. On a lighter vein, Justice Kanade said the scheme offered by City Limouzines looked attractive compared to other offers where companies promise double their investments in 20 days.
Mumbai: “You can enjoy the state privileges like free food, free shelter and free clothing, ’’ said Justice V M Kanade on Monday while rejecting the anticipatory bail application of City Limouzines chairman S M Masood. The court was making it clear that since Masood had failed to work out a settlement scheme as promised, he will have to be taken into custody.
Masood had filed an application in the high court after the sessions court rejected his anticipatory bail a month ago. On December 3, Justice Kanade had granted interim protection to Masood after his counsel assured that his assets would be liquidated to clear the dues of investors. The court had asked Masood to report to the economic offences wing (EOW) for three days and discuss the repayment scheme with various investors’ groups.
Apprehending arrest by the Chennai police, Masood did not turn up before the EOW as the interim protection was granted only from arrest by the police in Maharashtra. Masood’s counsel, S Jha, told the court that he had informed the same to EOW and hence modified his application for blanket protection from arrest by police from other states.
Jha told the court that he discussed the repayment pattern with some investors’ groups. However, this was contested by lawyers representing several investors’ groups. Jha also told the court that sending Masood to custody will not serve any purpose. He also promised to make a deposit in court to prove his bonafides.
Justice Kanade, after going through the details of the case and the various orders passed, said that several people have invested their savings, including retirement benefits in the scheme. On a lighter vein, Justice Kanade said the scheme offered by City Limouzines looked attractive compared to other offers where companies promise double their investments in 20 days.
http://www.pgportal.gov.in/ i request to file a complaint in the govt. grievance cell and get ack for it. i cannot fight in court against this culprit. let me voice my grievance to govt. of india. those who r interested pl do it.
http://www.pgportal.gov.in/ I have also done it...Thanks
I have also filed my grievance on the given site under Ministry of Economic affairs.
here is the full text of the judgment dt 14/12/09- masood total bail rejection'
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CRIMINAL APPELLATE JURISDICTION
CRIMINAL APPLICATION NO. 5231 OF 2009
ALONGWITH
CRIMINAL APPLICATION NO.555 OF 2009
IN
CRIMINAL APPLICATION NO. 5231 OF 2009
ALONGWITH
CRIMINAL APPLICATION NO.5232 OF 2009
WITH
CRIMINAL APPLICATION NO.550 OF 2009
IN
CRIMINAL APPLICATION NO.5232 OF 2009
WITH
CRIMINAL APPLICAITON NO.5233 OF 2009
WITH
CRIMINAL APPLICATION NO.5497 OF 2009
Sayed Mohammed Masood ...Applicant.
v/s
State of Maharashtra ... Respondent.
---
Mr. Subhash Jha i/b V.N. Associates for the applicant in
Criminal Application Nos.5231 of 2009, 5232 of 2009 and
5497 of 2009.
Mr. R.R. Jaiswal alongwith Mr. R.B. Jaiswal i/b Jaiswal
Associates for intervener.
Mr. S.G. Rajput for the intervener.
Mr. M.S. Mohite i/b Mr. R.A. Jadhav for intervener in Criminal
Application No. 555 of 2009.
Mr. Gaurav Agarwal for intervener in Criminal Application No.
550 of 2009.
Mrs. S.D. Shinde, APP for the State.
2
CORAM: V. M. KANADE, J.
DATE : 14TH DECEMBER, 2009
P.C.:-
1. Heard the learned Counsel for the applicant and the
learned APP for the State.
2. Applicant apprehends arrest in connection with the
offence punishable under sections 406, 420, 120-B of the
Indian Penal Code which is registered by various investors
vide C.R. No.74 of 2009 with Economic Offence Wing, Unit V,
Mumbai, C.R. No.55 of 2009 with the Cuff-Parade Police
Station and C.R. No.347 of 2009 with the Amboli Police
Station.
3. Applicant is a Managing Director of M/s City Group of
Companies and the Chairman of M/s City Limouzin (India) Ltd
having its Corporate Office at 102/B, 10th floor, Mittal Tower,
Nariman Point, Mumbai. The said company also have sister
concerns viz. City Realcom Ltd., City Co-op. Credit Society
Ltd., City Communications Ltd., and City Money Ltd etc.
4. According to the prosecution, the applicant’s company
had launched a Scheme “Give a car on rent and earn money
staying at home” and it was widely advertised. The
complainant and other people contacted the applicant’s
company and various amounts have been deposited by
them. According to the complainant, a representation was
3
made that as per the said scheme a motor car was to be
purchased in the name of investor and the said vehicle was
to be taken on rent by the company at the rate of Rs 4, 000/-
and, accordingly, it was agreed that the said arrangement
could continue for a period of sixty months and, thereafter,
either vehicle was to be returned to the investor or was to be
purchased by the company from the investor. Accordingly
various amounts were received by the applicant from
number of investors and, later on, it transpired that neither
the money was returned nor the car which was to be
transferred in the name of the complainant, was ever
handed over in favour of the investors. Various complaints
have been filed in the State of Maharashtra and also in
adjoining States. It is alleged that the complaints have
invested their hard earned monies and in some cases their
entire savings which they received out of VRS Schemes or
insurance money which they had received from Insurance
Companies. According to prosecution, modus operandi of
the applicant was to secure confidence of the investors, pay
some amount for some time and, thereafter, misappropriate
the balance amount.
5. Shri Jha, the learned Counsel appearing on behalf of the
applicant submitted that on the last occasion the applicant
was willing to repay the entire amount which was due to
investors and accordingly he had given two charts in respect
of assets and liabilities of M/s City Limouzin (Inida) Ltd. He
then also mentioned that the applicant would sit across the
4
table with the investors in order to show his bonafides.
Accordingly, in view of the assurance given by the applicant
and only for that purpose interim protection was granted to
the applicant and the State Government was directed to give
78 hours notice before arresting him. However, it appears
that in spite of assurance given by the applicant, he did not
report to the EOW, Crime Branch, Mumbai. Mr. Jha, the
learned Counsel of the applicant submitted that since the
applicant apprehended that he would be arrested in
connection with the complaints which were likely to be filed
in Tamilnadu and other States, he could not remain present
before EOW and, therefore, he had filed the Criminal
Application No.5497 of 2009 in this Court, seeking interim
protection. The fact remains that the applicant did not
report to the EOW as directed by this Court.
6. The learned Counsel for the applicant also submitted
that there are several decisions of the Apex Court which
have laid down that in a case where such allegations have
been made an opportunity should be given to the applicant
to return the money to the investors.
7. I have heard Shri Jha the learned Counsel appearing on
behalf of the applicant at length. In my view, taking into
consideration the nature of allegations which are made by
large number of investors who have invested their life
savings with the applicant and taking into consideration the
allegations which are made in the said complaint, this is not
5
a fit case for grant of anticipatory bail. There cannot be any
dispute about the ratio of the judgment on which reliance is
placed by the learned Counsel appearing on behalf of the
applicant. However, the Court has to examine the facts and
circumstances of each case. In my view, taking into
consideration the facts as alleged in the complaint by
number of complainants, applicant is not entitled to get an
order of anticipatory bail.
8. Applications for anticipatory bail are rejected.
9. So far as Criminal Application No.5497 of 2009 is
concerned, no particulars have been given regarding the
complaints which are likely to be filed in various other
States. No blanket order can be passed in respect of such
complaints which are likely to be filed in view of various
judgments of the Apex Court and this Court. Hence, Criminal
Application No.5497 of 2009 is also rejected.
10. Since the applications for anticipatory bail are rejected,
Criminal Application Nos.555 of 2009 in Criminal Application
No.5231 of 2009 and Criminal Application No.550 of 2009 in
Criminal Application No.5232 of 2009, do not survive and the
same are disposed of accordingly.
(V.M. KANADE, J.)
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CRIMINAL APPELLATE JURISDICTION
CRIMINAL APPLICATION NO. 5231 OF 2009
ALONGWITH
CRIMINAL APPLICATION NO.555 OF 2009
IN
CRIMINAL APPLICATION NO. 5231 OF 2009
ALONGWITH
CRIMINAL APPLICATION NO.5232 OF 2009
WITH
CRIMINAL APPLICATION NO.550 OF 2009
IN
CRIMINAL APPLICATION NO.5232 OF 2009
WITH
CRIMINAL APPLICAITON NO.5233 OF 2009
WITH
CRIMINAL APPLICATION NO.5497 OF 2009
Sayed Mohammed Masood ...Applicant.
v/s
State of Maharashtra ... Respondent.
---
Mr. Subhash Jha i/b V.N. Associates for the applicant in
Criminal Application Nos.5231 of 2009, 5232 of 2009 and
5497 of 2009.
Mr. R.R. Jaiswal alongwith Mr. R.B. Jaiswal i/b Jaiswal
Associates for intervener.
Mr. S.G. Rajput for the intervener.
Mr. M.S. Mohite i/b Mr. R.A. Jadhav for intervener in Criminal
Application No. 555 of 2009.
Mr. Gaurav Agarwal for intervener in Criminal Application No.
550 of 2009.
Mrs. S.D. Shinde, APP for the State.
2
CORAM: V. M. KANADE, J.
DATE : 14TH DECEMBER, 2009
P.C.:-
1. Heard the learned Counsel for the applicant and the
learned APP for the State.
2. Applicant apprehends arrest in connection with the
offence punishable under sections 406, 420, 120-B of the
Indian Penal Code which is registered by various investors
vide C.R. No.74 of 2009 with Economic Offence Wing, Unit V,
Mumbai, C.R. No.55 of 2009 with the Cuff-Parade Police
Station and C.R. No.347 of 2009 with the Amboli Police
Station.
3. Applicant is a Managing Director of M/s City Group of
Companies and the Chairman of M/s City Limouzin (India) Ltd
having its Corporate Office at 102/B, 10th floor, Mittal Tower,
Nariman Point, Mumbai. The said company also have sister
concerns viz. City Realcom Ltd., City Co-op. Credit Society
Ltd., City Communications Ltd., and City Money Ltd etc.
4. According to the prosecution, the applicant’s company
had launched a Scheme “Give a car on rent and earn money
staying at home” and it was widely advertised. The
complainant and other people contacted the applicant’s
company and various amounts have been deposited by
them. According to the complainant, a representation was
3
made that as per the said scheme a motor car was to be
purchased in the name of investor and the said vehicle was
to be taken on rent by the company at the rate of Rs 4, 000/-
and, accordingly, it was agreed that the said arrangement
could continue for a period of sixty months and, thereafter,
either vehicle was to be returned to the investor or was to be
purchased by the company from the investor. Accordingly
various amounts were received by the applicant from
number of investors and, later on, it transpired that neither
the money was returned nor the car which was to be
transferred in the name of the complainant, was ever
handed over in favour of the investors. Various complaints
have been filed in the State of Maharashtra and also in
adjoining States. It is alleged that the complaints have
invested their hard earned monies and in some cases their
entire savings which they received out of VRS Schemes or
insurance money which they had received from Insurance
Companies. According to prosecution, modus operandi of
the applicant was to secure confidence of the investors, pay
some amount for some time and, thereafter, misappropriate
the balance amount.
5. Shri Jha, the learned Counsel appearing on behalf of the
applicant submitted that on the last occasion the applicant
was willing to repay the entire amount which was due to
investors and accordingly he had given two charts in respect
of assets and liabilities of M/s City Limouzin (Inida) Ltd. He
then also mentioned that the applicant would sit across the
4
table with the investors in order to show his bonafides.
Accordingly, in view of the assurance given by the applicant
and only for that purpose interim protection was granted to
the applicant and the State Government was directed to give
78 hours notice before arresting him. However, it appears
that in spite of assurance given by the applicant, he did not
report to the EOW, Crime Branch, Mumbai. Mr. Jha, the
learned Counsel of the applicant submitted that since the
applicant apprehended that he would be arrested in
connection with the complaints which were likely to be filed
in Tamilnadu and other States, he could not remain present
before EOW and, therefore, he had filed the Criminal
Application No.5497 of 2009 in this Court, seeking interim
protection. The fact remains that the applicant did not
report to the EOW as directed by this Court.
6. The learned Counsel for the applicant also submitted
that there are several decisions of the Apex Court which
have laid down that in a case where such allegations have
been made an opportunity should be given to the applicant
to return the money to the investors.
7. I have heard Shri Jha the learned Counsel appearing on
behalf of the applicant at length. In my view, taking into
consideration the nature of allegations which are made by
large number of investors who have invested their life
savings with the applicant and taking into consideration the
allegations which are made in the said complaint, this is not
5
a fit case for grant of anticipatory bail. There cannot be any
dispute about the ratio of the judgment on which reliance is
placed by the learned Counsel appearing on behalf of the
applicant. However, the Court has to examine the facts and
circumstances of each case. In my view, taking into
consideration the facts as alleged in the complaint by
number of complainants, applicant is not entitled to get an
order of anticipatory bail.
8. Applications for anticipatory bail are rejected.
9. So far as Criminal Application No.5497 of 2009 is
concerned, no particulars have been given regarding the
complaints which are likely to be filed in various other
States. No blanket order can be passed in respect of such
complaints which are likely to be filed in view of various
judgments of the Apex Court and this Court. Hence, Criminal
Application No.5497 of 2009 is also rejected.
10. Since the applications for anticipatory bail are rejected,
Criminal Application Nos.555 of 2009 in Criminal Application
No.5231 of 2009 and Criminal Application No.550 of 2009 in
Criminal Application No.5232 of 2009, do not survive and the
same are disposed of accordingly.
(V.M. KANADE, J.)
I totally disagree with the adopted approach of few learned investors.All those who have approached the courts had tied their hands and since matter is sub-judice even PM, FM or President cannot decide upon the case of those individuals.They may pls wait for the decision of honourable courts and take their money from there.
All those investors who want to deal the case with a negotiations and ready to accept the principal amount settlement should form a forum and their principal money should be paid by the Company as intended.Even for interest we will ask later on, first come, appear and discuss. ALL CIVIL MATTERS ARE BEST DECIDED ON COMPROMISE.SO those who had complained be disassociate them self as separate group and leave us poor guys to negotiate for our investments.WE CANT WAIT FOR MAHABHARATA RESULTS, but are interested in short and sweet stories.A BIRD IN OUR HAND IS BETTER THAN IN (LEGAL) BUSH.As there is no CAPITAL punishment for such Frauds I am not interested in bringing Mr Masood to justice, but want my money back ASAP.
All those investors who want to deal the case with a negotiations and ready to accept the principal amount settlement should form a forum and their principal money should be paid by the Company as intended.Even for interest we will ask later on, first come, appear and discuss. ALL CIVIL MATTERS ARE BEST DECIDED ON COMPROMISE.SO those who had complained be disassociate them self as separate group and leave us poor guys to negotiate for our investments.WE CANT WAIT FOR MAHABHARATA RESULTS, but are interested in short and sweet stories.A BIRD IN OUR HAND IS BETTER THAN IN (LEGAL) BUSH.As there is no CAPITAL punishment for such Frauds I am not interested in bringing Mr Masood to justice, but want my money back ASAP.
city realcom /city limouzines — dishonouring of cheques
i had deposited some amount during Jun 2008 with promise of monthily payment by cheques. one year cheques were duly honoured but since Aug 09 no payments are made.Almost four year's payment is due from the company.