*C.Shanmugam
Ex-Investor, Chennai DATED 15-12-2009.
E-Mail: shanmugam628@yahoo.co.in
Dear City Limoz Investors, *
The anticipatory bail of the City Limoz Cheaf has been rejected in Mumbai Court and the copy of news published in Times of Inida dated 15-12-2009 is furnished below for your information.
I feel that the EOW Officials either in Mumbai or in Chennai can freely arrest him before filing further pettitions by Mr. S.M. Masood.
With regards,
C. SHANMUGAM.
Publication: Times of India Mumbai; Date:2009 Dec 15; Section:Times City; Page Number 7
Anticipatory bail plea of City Limo chief is rejected
C Unnikrishnan I TNN
Mumbai: “You can enjoy the state privileges like free food, free shelter and free clothing, ’’ said Justice V M Kanade on Monday while rejecting the anticipatory bail application of City Limouzines chairman S M Masood. The court was making it clear that since Masood had failed to work out a settlement scheme as promised, he will have to be taken into custody.
Masood had filed an application in the high court after the sessions court rejected his anticipatory bail a month ago. On December 3, Justice Kanade had granted interim protection to Masood after his counsel assured that his assets would be liquidated to clear the dues of investors. The court had asked Masood to report to the economic offences wing(EOW) for three days and discuss the repayment scheme with various investors’ groups.
Apprehending arrest by the Chennai police, Masood did not turn up before the EOW as the interim protection was granted only from arrest by the police in Maharashtra. Masood’s counsel, S Jha, told the court that he had informed the same to EOW and hence modified his application for blanket protection from arrest by police from other states.
Jha told the