Did the conman use trick to get himself released from jail?
Information obtained through RTI applications has revealed that Mumbai-based Sayed Masood, who is accused of duping thousands of investors in the city, has obtained bail in all cases registered against him across the country. Masood and his wife, Seema, were picked up by police from Alwar district in Rajasthan in February 2010. In June 2011, Masood was transferred to Bangalore to face trial in two cases with clear written instructions that he should not be released directly on bail.
He was released on December 27, 2011 from the Bangalore's Parappana Agrahara jail on the basis of a NOC purportedly written by a Delhi magistrate, but documents obtained through RTI have revealed that a body warrant from the same Delhi court asking the jail officials to produce the man before it on March 1 was received by them. The whole episode raises a strong suspicion of the conman using his ‘tricks’ to come out the jail. The RTI applicant has submitted all the documents to the ADGP (prisons) for enquiry.
Sayed Masood is alleged to have come up with irresistible schemes to dupe thousands of persons in Mumbai and cities like Pune, Delhi, Chennai, Hyderabad and Bangalore to the tune of hundreds of crores of rupees. His companies, City Limouzines and City Realcom, ran schemes that offered offered high returns to investors like a monthly return of Rs 4,000 for five years on an investment of Rs 95,000. The company claimed that the money would be invested in buying cars to be registered in the name of investors. The cars were to be transferred to the investors at the end of the scheme period. But none of the investors got the 48% return promised to them.