I regret to inform you that my hard earned money from Saudi Arabia had been invested to Integrated Finace Alleppey Brach with a promise from the Branch Manager shown the advt. that this company is a sister concern of Malayala Manorama, OEN and MRF. As an idet I belived their words and pictures of the advt. and invested a total of Rs.7,00,000/ in it. As a result, still I am suffering my life in Saudi. The investement period is over and this amout is gone in the wind. What honesty Manorama Management had?

What I understand is that 99.9% of the investers belived that this company is a sister concern of Manorama with solid written advertisement proof. Justice K. G. Balakrishnan, the most honerable Justice may also made a lot of money out of that deal, by delaying and to give wrong judgement.

One thing everyone want to remember, this is not the end of life. You MUST get the reward from the Almighty GOD, my dear. whoever it is, we are still keep on praying for that. The caurse will come to your Head, and you will see it with your eyes.

Thanks
Philip George

iam writing this complaint on behalf of my father. he had invested all the money he earned for a life time in integrated finance company limited. the manager of kanjirapally branch mr. r raju was my father's friend. he exploited the friendship to the maximum. i've seen my father's crying face many a times. this money was kept for the construction of a new house and my sister's marriage.
we all will be very much grateful if atleast half the money is returned to everyone. god bless you
yours sincerely
cyril j kunnath

4th October 2011

Sir,
Integrated Finance Company Ltd collected huge amount from the investors and issued bonds promising them an interest of 14 to 15 %. When the bonds were about to mature, the Company approached the Madras High Court with a request for restructuring the Bonds and converting it into shares.
Any attempt to contact the Managing Director generally fails with the staff saying that the MD is Out of Station. The MD, Sri George Kuruvilla, is a Keralite with BIG connections with organizations like Malayala Manorama group of news papers, Harrison Malayalam. The investors were made to believe that the company was owned by Malayala Manorama. Now the Company has shifted from original location to a new one without informing the investor. Registered letters to the company are returned marked as “addee not found”. Even the telephone/mobile of the MD is not attended. The company does not give any other solution except converting the bonds into shares. The bond holders opposed the move because once converted, these shares will not have any value.
The Case is dragging on in the Supreme Court and has entered seventh Year without any relief to the poor investor. Probably the company must be managing to get the ruling postponed by some means. Many of the investors are retired without pension and depend on the monthly interest for their daily expenses.
It is true all those who invested in the above private company are to be totally blamed. But the manner in which the Company approached the High Court of Chennai indicates that the company is playing with the loop holes in the law to escape payment to the poor depositors.
We feel that there is an urgent need for a legislation giving free hands to the police to attach the Property of the Managing Director and other Directors till the Capital invested is returned to the investors. The property in the name of wife and children must also be attached. Stock exchanges, market regulators, registration departments, must also be made equally responsible.
Investors should form a forum to get the above similar strong legislation in place so that business houses do not play such cruel games on them at least in future.
Thanking you
Nandanan S Nair