Probe cop inaction in City Limouzine case: Mumbai high court
Nov 30, 2012, 01.31AM IST
MUMBAI:
The Bombay HC on Thursday directed the economic offences wing to probe
the possibility of inaction or dereliction of duty by its officers which
enabled the main accused in City Limouzine scam to jump bail.
At
the previous hearing, Justice AM Khanwilkar and Justice Mridula Bhatkar
had rapped EOW for using "kid gloves" and not moving to cancel the bail
of the MD Syed Masood and his family in a complaint registered at Cuffe
Parade police station. The HC was hearing a PIL byCity Group Investors
Association. Its advocate Mubin Solkar had submitted that EOW had not
moved to cancel bail in respect of complaints lodged with it and at
Nagpada.
Public
prosecutor Revati Mohite-Dere, submitted an affidavit by the Addl CP
(EOW) Rajvardhan Sinha detailing the "efforts taken" by the agency. She
said the Nagpada police as well as EOW have moved for cancelling
Masood's bail in view of the anxiety expressed by the court at the last
hearing. She said in the Cuffe Parade case, the SC had granted Masood
three weeks time to surrender.
"Now that there is an order of surrender, what prevents you (EOW) from making an arrest?" asked Justice Khanwilkar.
The fraud
City
Limouzine was one of the two firms of City Group which promised
attractive returns on investments. In September 2007, the first
complaint was registered against the firm after it defaulted on returns.
Cheques issued to other investors bounced. Police estimated over 1.5
lakh people across the country may have invested crores with these
firms.
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