Commented on Gstephen's review

On its part, RBI has stepped up vigilance against firms offering unrealistically high returns. The central bank has been convening meetings with banks, drawing their attention to the fact that MLM companies are opening accounts in various banks, mostly private ones, for collecting deposits from the read more...

Commented on Gstephen's review

PONZIS ARE BACK (economic times) Get rich quick’ schemes are thriving, as dubious investment firms continue to run Ponzi schemes with impunity, taking care to ensure that they do not fall under the purview of any regulatory body, reports Apurv Gupta ON 12/10/2009 MONDAY morning a motley crowd read more...

Commented on Gstephen's review

20 Oct 09 – Joyyboy - Investor Citylimofraud: EOW seeks help from I-T dept: C Unnikrishnan TNN mumbai: the economic offence wing (EOW) of the city police has written to the income tax department and serious fraud investigation office SFIO to probe into the accounts of the tainted investment f read more...

Commented on Gstephen's review

13) To establish name they sponsored the Womans Hockey team;. Early this year, I saw an interview of the Women Hocket team broadcasted on one of the news network, the team was complaining that they had been promised 10,000 to 15,000 per month by a sponsor but has paid for few months & abdruptly stop read more...

Commented on Gstephen's review

12 Oct 09 – By an Investor – Schemes refund details Hi Friends, The Scheme which requires votes on 14th and 15th looks beneficial to the investors and the company. It is not very clear just by reading the scheme but an in-depth analysis to the scheme sounds interesting. For Guys who have inve read more...

Commented on Gstephen's review

07 Oct 09 – By an Investor Hi IOptomist’s! The analysis presented by RAJESH is based on observation and not on hard facts. Though like me you are also are an optimist hoping the best. But your review was a little bit skeptical and in all fairness to you a little bit biased. 1) The company was read more...

Commented on Gstephen's review

Reviving such a big investor based company is a challenging task. If we are expecting immediate EMI’s to start & are expecting to get the invested amount back in the next 12 months. We are day dreaming. Lets get real. There are few options: 1) Put a case against all directors & send tem to jail ( read more...

Commented on Gstephen's review

06 Oct 09 – By an Investor - Optomist 1) The company had been started with intensions of cashing in on the greed of investors like us by offering high interest. 2) Part of the capital collected to be reinvested in Cars, Petrol pump, Coop patpedhi, other businesses. Part of it to be returned to read more...

Commented on Gstephen's review

THE CASE City Limouzines (India) Ltd, a Cuffe Parade-based firm, had been accused of defrauding people by luring them into making investments against the promise of a car. Jalandhar Phansare, an investor, had filed a criminal complaint against the company at the Cuffe Parade police station last y read more...

Commented on Gstephen's review

05 Oct 09 – Interview by Masood to DNA Newspaper Mumbai Masood has given some hopes thru his interview published in DNA ( Mumbai Edition) MUMBAI TOP NEWS Monday, October 5, 2009 Somendra Sharma In the midst of a row over allegedly cheating several thousand investors to the tune of crores read more...

Commented on Gstephen's review

03 Oct 09 – 5.30 PM = by an Investor Mumbai: City Limouzine finance company investors are reluctant to file fresh cases against the firm after they got to know that more police probe into the fraud charges were affecting their chances of getting their money back. Prasad Mhatre, member of City read more...

Commented on Gstephen's review

. The Bombay high court had quashed the FIR, but the judgment was set aside by the Supreme Court. In its judgment of August 4 this year, the apex court said that the investigation will be conducted fairly and the company will be allowed to carry out its business without any hindrance. Soon after o read more...

Commented on Gstephen's review

02 Oct 09 – By a City Investor I I Dear City Investor, We all know the following has happened till Sep 28th, 2009: 1. Many of the cheques have bounced, stating insufficient funds or stop payment. 2. We all have been told to deposit our cheques after Sep 5th, 2009. That date h read more...

Commented on jollyboy_m's review

Yes....but why did he default on that one investor in 2007 which was the base cause of all this mess ? That has not been verified.

Commented on PCJAIN's review

I am an investor and have recovered 83.40% of the invested corpus. The company had been consistant in keeping to the contract on payment dues till the month of August 2009...which is in their favour. But not being transparent and failiure to inform depositers in case of adversity has been their down read more...