Sir,
Anyone can say on the previous declaration that the principal amount will be paid back on 12 installments, starting from January 2010. Any latest news on the company's part. Please share on the site.

Thanks.

Sir,

What are the updates in regards to the return of the money by City Limo .. Any update will be appreciated.

Thanks

I am also suffered from city limosine fraud can any one tell what i have to do, i am very thankful to who one tell me about this

My father is working for Indian Air Force and had invested around 2lakhs in city limousine. we were getting everything correctly upto august of 2009 but afterwards everything collapsed., no cheque deposits, no cash any our money drowned. What is this !!! That was not black money, that was earned.

Kindly suggest something. could we get back money

Can someone Kindly tel me the procedure to file a complaint against city limousine, I have invested my hard earned money inthis and my second cheque got bounced.

Sir, If any person visiting this sight is knowing about the actual present condition of the case, please give the same in this sight for mental peace of other investors.
Thanks

The government is very

Beaware about froud by space land developers kallyan .it is totle froud by company dont invest and buy the land from this company

Can anyone tell us the latest? It seems all are quite and the accused is in some safe haven?

sir i invested in limosine investment scheme in aug 2009 they gave me 2 receipts. i have got no cheques and no teliphone no. i am blank. any help?????

Hello Sir, Kindly tel me the procedure to file a complaint against city limousine, I have invested my hard earn mony and now i am feeling that I am cheated at the first time city limousine investment scheme looks very good , but finally i am nowher. please help me sir, I have a two small children and my mother is very ill.[/QUOTE]

what happen about the fraud done by City Limousine

My name is jagdish pawar.I have invested Rs.275000/-in 2008 in City limousin.But since May 2009 I have not recieved any single Rs.from abovesaid co.When I got information from my friends that this co. has cheated to thousands of peoples then I was shocked & admmited hospital due to High BP & minor attacked.Becouse I have invested my hard earn money in this co.My sister's wedding has breaked up due to money problem.Now I m serving in very crusial economically crises.So I m request to honourable court from all investers who facing the same problems.Pls....Pls....Pls.....solve this problem as soon as possiable & take blessing from all of us & also I request to u kindly update new news about City Limo. on my email id-jagdish.pawar1975@gmail.com & Mobile No.9920111505.

Pls.take this case on a prior basis.

For this City Limo. case who is the authorised concern person in mumbai to contact.Kindly give me the details.

Awaiting for your possitive reply.

Originally Posted by snajeebr

Hello friends,

This information is in regards to the meeting which was scheduled on 14 Oct'09 at Wilson High School.

There were thousands of investors who had come down that day.
The area was jam packed.
I was not able to get in the school premises as it was alread over-flowing with people along with thousands of them who were waiting outside.
There were a large no. of police personnel who were present there.

I was told that there was also a judge present, who was appointed by the court.
It was indicated in the meeting that only the principal amount will be returned with 7% reducing balance.

Incase the principal amount of investment has already been covered in your cheques, then you stand to gain nothing. Nothing will be given then.

Incase the principal amount of investment is partially paid, hen only the balance left from the principal amount will be given back with 7% interest on reducing balance in 12 installments.
For eg.
1) If u have made an investment of 1,50,000/- and nothing has been given by City Limo/Realcom then the amount given back to investors will we Rs.1,50,000/- with 7% interest on reducing balance in 12 monthly installments.

2) If u have made an investment of 1,50,000/- and suppose you have already received 10 cheques of Rs.5000/- amounting to a total of 50,000/-) all cleared, then the balance amount given back to investors will we only Rs.1,00,000/- with 7% interest on reducing balance in 12 monthly installments.

3) If u have made an investment of 1,50,000/- and your amount has already been covered in previous cheques, nothing more will be given by City Limo/Realcom. That means, if u have received some amount more than Rs.1,50,000/- its is ur good luck. if u have received just Rs.1,50,000/- you stand to gain nothing more.

There was another proposal whether the investors want to continue the scheme. as such there will be voting. and we will be getting a letter by post and we need to decide whether we need to money back or continue with the scheme. There is some discrepancy on this because some people present said that City Limo will first clear off all the pending pay outs (to current investors) and then start with fresh schemes after that and if some one ones to re-invest he will have to make fresh investments so the continuity of present schemes is not the option, according to this version all current schemes will be terminated and fresh schemes will be launched

The process will take a period of 3 months and the above mentioned resolutions will be done only after 3 months. Meanwhile they said that they will utilize the period of 3 months for voting. and City Limo offices will reopen after Diwali.

Some say that the director of City limo also added that incase the police continue to harass them and any further arrests take place then he will discontinue with the payments to all.

There was supposed to be another meeting at 3:30 pm and many people were waiting for that but later on it was continuously announced by the police that the meetings in the afternoon were cancelled. On further inquiry they said that the meeting on the next day (15th October) as well have been cancelled and for any further developments we need to look for news in the News papers.

Infact there was an article in the DNA newspaper the next day on 15 October, wherein it was mentioned that it is required to take prior Police permission to hold such meetings and City Limo had applied for the same but were denied permission but still they went ahead with the meeting and hence some 5 of their executives were arrested and further meetings on that day n the next day as well were cancelled.

As of now this is the current scenario. If anyone has more updates kindly share the same.- Najeeb
(Mail id – snajeebr@rediffmail.com)

Last but not The Least!!!!
May the divine light of diwali spread into your Life peace, prosperity, happiness and good health. Happy Deepavali

Hello Najeeb! This is Mrs.Deepa Ramesh Kale to share the scenario quoted by you.I am also one of the sufferer having no current status of the limouzine case except the news appeared in DNA news paper dated 9-4-2010 which reads as follows. City Limouzine chief gets bail: A sessions court granted bail to Sayed Masood chairman of City Limouzine Group,accused of cheating investors of crores of rupees.the court granted him bail on a personal bond of Rs.1 lakh after defence lawyers argued that no further investigations was required as the charge sheet was filed in the case.
Masood and his associate Seema Razzaki, who is a director of the group,were arrested fom Delhi by a special team of the EOW.A total of 12 cases have been registered by the Mumbai police and the EOW of the crime branch.
Masood's lawyer Rajesh Shrivastava argued that since the police had already filed the charge sheet in the case, there is no need for further investigation. He also argued that if the police de-freezed Masood's account he will be able to pay back his investors.
Taking these arguments into consideration, ad-hoc additional sessions judge, V.S. Murkute granted bail to Masood.
I am not aware of the updates except mentioned above.The indications/proposals that were putup in the meeting dated 14-10-2009, are not in accordance with the clauses of the agreement between the City Limouzines india and the investor.There is also not mention in the meeting about the entitlement of the investor to redeem the preferential shares on maturity,besides an investor's holding a share certificate amounting Rs.20,000/-.What is the future of these two things? Is an investor going to lose these also?
The concerned authorities may be moved by someone to upload the updates of the case on the website.Kindly Share the recent updates.(Email:rameshdk97@yahoo.in)

sir i have paid rs 1,41,000 to limozine bangalore branch in aug 2009. i was given two receipt with a promise to give post dated cheques, bur i got nothing office is also closed.