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City Limouzine Scam

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City Limouzine Scam
EOW takes Aim at one more car rental company

Aim Limouzines - like City Limouzine - had started a car-rental investment scheme, but allegedly defaulted on payments to investors. EOW suspects fraud to the tune of Rs 20-crore

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|Close on the heels of the alleged City Limouzine fraud, another multi-crore investment racket by a car-rental firm has come to |
|light. And the similarities are striking: to begin with, the new company’s name is Aim Limouzines India Pvt Ltd. |
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|According to a case lodged with the Economic Offences Wing (EOW) of the Mumbai Police, like City Limouzines, Aim Limouzines, too,|
|had floated a car-rental investment scheme in which investors were asked to invest anywhere between Rs 85,000 and Rs 3.2 lakh. |
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|The company, promoted by a certain Pramod Raut, told its investors that the money would be used to buy cars that would be |
|transferred to them after a few years. During this period, it promised monthly returns between the range of Rs 6,000 to 12,000. |
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|Recently though, the company - which commenced operations in 2007 - stopped payments to some investors. The EOW learnt of the |
|fraud through its intelligence
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