[Resolved]  City Limouzines, Hyderabad Br — Non Payment monthly instalments & Non credit of cheques

Non- Credit of Monthly Payments
I invested in City Limouzines in Oct 2008 and the cheques have got regularly credited wef Dec 08 till July 09. However in August 09 cheque had bounced. I have invested the money for my daughters education as well as her future settlement. The money I have invested in this company by borrowing from other sources. But this type of fraud I have never expected and I fell in dilema, whether, how I survive with my meagre amount I earn, and how I face my debts I have committed with highest hopes. I feel I have done a big blunder in my life. But where as for Mr Syed Masood, it is a cat and mouse game. If he is an honest man price worthy he should come out with open heartedly and pay atleast investments to those who put their hard earned money.

As regards, why and how such fraidulent companies be given licence to run? This is really a great loss to the public and the fraud occured to the poor and innocent are being effected. The authorities should check and vigilant before giving the licence to run such finance companies. One such fradulent company is also came to light recently is M/s Jagadamba Metro Logistic in Secunderabad. This has been opend not more than one year and took the path just as City Lumizines. I presisely, think that they are opening just because of cheating and playing with the lives of innocent poor public.

Regards

Diwakar
Hyderabad