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Tuesday, May 11, 2010

CITY LIMOUZINES INDIA LTD.

CITY LIMOUZINES INDIA LTD.
CITY REALCOM LTD.
Here is an another vehicle leasing company scam, vanished from the market after taking thousands of crores from investors. It's been almost a year since it happened but no satisfactory action has been taken against Masood and other directors of the company.
Company has given return to the customers for almost 7 years, but all of a sudden stopped the returns, cheques started to bounce. various news came out from Hawala to tax problems but company is closed now and case is in court, but investors still waiting for their hard earned money to returned with crossed fingers.

2 comments:

Anonymous said...

fraud was of near 10000 crores and the main reason told was due to interference of EOW

Consumer Rights said...

Hi,

It is always right to give full protection to consumers, now also Government has taken many steps including legislative, to protect consumers. Thanks.