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The Boston Globe



Amid criminal probe, taxi owner looks to sell

Would transfer 200 of fleet’s medallions; police commissioner opposed

Boston’s biggest taxi owner, under criminal investigation and facing a multimillion-dollar class-action lawsuit, is seeking to sell more than half his cab empire — an estimated $120 million divestiture that the city’s top police official is promising to block.

Edward Tutunjian intends to file court papers Monday asking judicial approval for the sale of up to 200 of his 372 city-issued medallions — or licenses — for at least $600,000 apiece. The sale would be to “an owner or owners who would make positive contributions to the Boston taxi system,’’ a spokesman for Tutunjian said in a prepared statement.

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