City Limouzine boss’s bail cancelled
His advocate AM Sachwani pleaded in the court of Justice AM Thipsay that the application had been inadvertently filed as an application for anticipatory bail, while the proper course would be to file a criminal application under section 482 of the Code of Criminal Procedure (Cr.Pc.). The court allowed his application because he had stated that he would file a proper application invoking the powers of the court under Section 482 of the Cr.Pc.
Following the application of the main complainant Jinal Jhaveri, 33, the sessions court had allowed the cancellation of Masud’s bail earlier this month citing his non-compliance to the terms of his bail plea.
“Masud had promised the court that he would convene a meeting of the investors, including Jhaveri, to chalk out a plan for repayment of the investors within two months of his release from jail. However, he failed to keep his promise, upsetting the investors, who moved the court for his bail cancellation,”said Mubin Solkar, the advocate for intervenor.
Masud had told the court that he was ready and willing to liquidate his assets and make payments to the investors but his cash and demand drafts worth Rs67 crore had been seized by the enforcement Directorate and EOW. Apart from these, he also said that there was a threat to his life.
While allowing his bail cancellation, the sessions court had paid heed to Solkar’s submissions that he had furnished fake surety and the Cuff Parade police had also submitted a report that there was no building named Shahnaz Apartment in Mumbra nor a man named Shaikh Dastgir residing there. He also committed a breach on more than one condition and never visited the Cuff Parade police station as promised during bail.
Thursday, September 27, 2012
The owner of City Limouzine, Sayyed M Masud, withdrew his criminal anticipatory bail application from the Bombay high court
Posted by The Bharatiya at 1:55 AM