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Moneycontrol.com >> Message Board >> View Messages >> Alpa Laboratories
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INVESTORS CHEATED BY ALPA (6)   21-Jul-08 23:23Tracked by (0)  
Posted by:   MOKSHAG on ( 21-Jul-08 23:23 )
Its a matter of great concern for all the investors of ALPA LABORATORIES Ltd,that they bought residential land for their plant and later on they could know that this was a residential area
It means they had no sactions for the oroject before coming to IPO
This is nothing but a day time robbery and that too without informing the exchange and SEBI and also investors
Instead of going for court case,they preferred to go in for new site and corner the profits on a/c of selling the land in the residential area
To my mind,it seems to be a deliberate attempt on the part of the co and keeping soaring lands prices last two years they did so
Every body knows that in INDIA,contracted prices are quoted much lowr than the actual realisation of land's prices n thus the promoters have cornered the premium on this land and distributed among themselves at the cost of investor's money
There is another possibility too that they or their associates have some real estate business and the co has helped them in acquiring this piece of land by investing investors money by ill gains
I call upon all investors to file a complaint against this co to SEBI,BSE N NSE and get the co black listed
Also a probe is needed about the claims of the co about the contract manufacturing and claims about completion of the project
Such type of promoters with dubious records should be penalised who play with the sentiments of investing community
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