Court grants bail to 12 in City Limouzines scam
A sessions court on Tuesday granted bail to 12 accused arrested in the City Limouzines scam in 2009. All the accused, including managing director of the investment company Sayyed Massood, were granted bail against a surety of Rs 1 lakh. The accused, however, who have over 21 cases pending against them across the city, will remain behind bars as they have not been granted bail in the other cases.
One of the conditions in the bail order directs the accused to cooperate with the police and be present for investigation as and when needed.
Advocate Shariff Shaikh, who represents one of the accused Kaiser Beg, a chartered accountant working with the company, said, “The property of over Rs 400 crore seized by the Enforcement Directorate (ED) will be used to repay the investors, who claimed to have been cheated by the company. This is one of the bail conditions.”
One of the conditions in the bail order directs the accused to cooperate with the police and be present for investigation as and when needed.
Advocate Shariff Shaikh, who represents one of the accused Kaiser Beg, a chartered accountant working with the company, said, “The property of over Rs 400 crore seized by the Enforcement Directorate (ED) will be used to repay the investors, who claimed to have been cheated by the company. This is one of the bail conditions.”
Dear sir , I invest in city Lemouzine ltd. so pls. tell me How I can document send to get my money return so pls Email -- sridharbhoga@gmail.com
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