Wednesday, June 8, 2011

Bombay HC asks EOW of status report on City Limo cheating case

Mumbai, Jun 8 (PTI) The Bombay High Court today directed the Economic Offences Wing (EOW) of Mumbai police to submit a status report within two weeks on the investigation in the City Limouzine cheating case. A division bench of Justices Ranjana Desai and R V More, while hearing public interest litigations filed by several investors observed, "It is a big racket where several people have been cheated and needs to be investigated." The Enforcement Directorate, under the Prevention of Money Laundering Act (PMLA), and EOW are jointly probing the case. Meanwhile, the court also directed an officer from the ED to remain present on the next date of hearing. Thousands of investors from Nashik, Mumbai, Delhi, Chennai, Kolkata and from Rajasthan, were left in the lurch since August last year when cheques issued by the City Limouzine company toward returns on the investments bounced. The EOW has so far attached 25 properties, comprising of flats and official premises, belonging to the company promoted by one S M Masood. It has frozen 56 bank accounts of the company whereas the ED has also attached four properties.PTI SP NSK


  1. news is good, provided a little hope of ray. Thanks to S C of Mumbai. looking for further comments. Vijay Chaudhary Mumbai

  2. is there is a information please send me the next date on my id


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