Beware of Morepen Labs - the company & its products. The co. cheated my mother Mrs. Lila Sahai of Rs. 17, 834/-, due on 17-Oct-02, against FD No DLRDX 31454. The money is unpaid till date. Several reminders, alongwith medical history, old age & illness proofs were sent by her to Chairman & MD, Morepen thru Regd letters in year 2002, 2003, 2004 & 2005. The co. even neglected the Company Law Board order setting aside Rs 1 Cr. to refund cases of medical history & investors above 65 years.
THE COMPANY DID NOT PAY. She expired in Dec’2005, aged 83 years, till her end deprived of these funds, invested from her precious retirement funds.
A company which cheats its investors once, is capable of cheating its customers & business associates. HENCE BEWARE OF MOREPEN LABORATORIES, INDIA. This company does not have any integrity.
Yadvendra Sahai, NOIDA, INDIA
Jan 2006