Royal Indian RajBC Commission bans RIRIC marketing

B
This review was posted by
a verified customer
Verified customer

The British Columbia Financial Institutions Commission, citing a variety of violations by Manoj Benjamin and Royal Indian Raj, has ordered the company to stop marketing Royal Garden Villas in British Columbia.

Included in its list of violations, FICOM cited RIRIC for taking deposits from customers when "they had neither a building permit for the construction of Royal Garden Villas & Resort nor a satisfactory financing commitment in place."

FICOM also cited RIRIC for accepting deposits from customers "without placing those deposits in trust."

FICOM said Manoj Benjamin and RIRIC "have used or intend to use funds from purchasers in British Columbia for purposes related to the development without entering a deposit protection contract."

We have posted FICOM's decision and order in RIRIC In The News at www.royalindiansham.com

Responses

  • Kr
    Krishna R. Nov 20, 2010

    so innocent they look.so guilty they are an with no conscience.true evil.

    0 Votes
  • Un
    Uncle Charlie Oct 23, 2010

    Ravi Harold Benjamin of Royal Indian Raj International - Lead salesman for Royal Garden Villas Resort Corp. selling luxury real estate in Bangalore India. ... Luxury Villas, Golf Resort, Flats and Apartments are all a deliciously tempting mirage with Ravi Benjamin steering you straight to the poor house. Hold tight to your wallet folks or this glorified pan handler will carpet bag your bank account clean.

    2 Votes
  • Un
    Uncle Charlie Oct 23, 2010

    Collins Harold Benjamin - President of Royal Indian Raj and Royal Garden Cities Enterprises Private LLC

    2 Votes
  • Un
    Uncle Charlie Oct 23, 2010

    Manoj Collins Benjamin of Royal Indian Raj International Corporation and Royal Garden Villas Resort.

    2 Votes
  • Ro
    RoyalPain Apr 19, 2010
    This comment was posted by
    a verified customer
    Verified customer

    No Worries. What the Benjamins don't know is that their phones have been tapped for many months and despite what it seems the authorities have had them under survellience. Good thing the FBI is an international organization. They have nowhere to run. They will never be safe.

    3 Votes
  • Ro
    Royal Trouble Dec 16, 2009

    Royal Indian Raj - Royal Trouble Brewing for Royal Garden City Ent. and Collins Benjamin Royal Indian Raj Affilates:

    http://www.consumercomplaints.in/?search=royal+garden+city

    4 Votes
  • Du
    Due Diligence Nov 18, 2009

    Royal Indian Raj customers and investors take note:

    California Law: Deceit and fraud are defined separately in statutes. Deceit is defined in Civ. Code §§1709 and 1710, while fraud is defined in Civ. Code §§1572 (actual fraud) and 1573(constructive fraud).

    Copy and paste into internet browser for Source:
    http://www.kinseylaw.com/clientserv2/civillitigationserv/fraud/fraud.html


    Call the office at 604.685.7442 by all means. RIRIC was kicked out in summer 2017. Still promoting 610 - 375 water street vancouver as their address. Just on more big fat lie from the cowards. What a bunch of clowns!

    4 Votes
  • Ri
    RIRICInvestor Nov 13, 2009

    RIRIC has lied about maintaining its office at #610 - 375 Water Street. It has not done so since summer 2017. The current tenant is

    http://globalterminals.com/contact

    This company has no affiliation with RIRIC.

    The commercial leasing company for 375 water street no longer shows RIRIC at that address (2nd vertical column down)

    http://www.the-landing.com/commercial.html

    6 Votes
  • Du
    Due Diligence Nov 03, 2009

    Royal Indian Raj ( RIRIC ) and Manoj Benjamin have been saying permits for Royal Garden Villas ( RGVillas.com) are "just around the corner" for years now. This is the same lame rhetoric that they have been spouting about Royal Indian Raj International Corporation going public since 1999. Tempted to believe their ludicrous lies and polished propaganda? Read the following:

    Royal Indian Raj Scrounging for Money:

    http://www.vancouversun.com/entertainment/Royal+Indian+scrounging+money/1715565/story.html

    British Columbia Securities Commission Investigation:

    http://royalindiansham.com/BCSC-Summons.php

    Invest Right Investor Alert: Beware of investment ploys touting foreign direct investments in India:

    http://www.investright.org/alerts.aspx?id=169

    Canadian Business Magazine – All About The Benjamins:

    http://www.canadianbusiness.com/managing/strategy/article.jsp?content=20080929_198710_198710

    Royal Indian Raj investor gets royal runaround:

    http://www.canada.com/vancouversun/news/business/story.html?id=1d8f8cf1-d9cb-40fb-852f-45a5ee50e3d7

    Company promises much, delivers little:

    http://www.canada.com/vancouversun/news/business/story.html?id=11ace6a7-1425-4594-8759-01d074d01b2e

    Jack Nicklaus Withdraws Services:

    http://www.nicklaus.com/nicklaus_news/news112608.php

    Royal Indian Raj's stars burn bright, fade quickly:

    http://www.canada.com/vancouversun/news/business/story.html?id=085dd1d0-7ffc-44c0-9eba-14496984d262&k=76870

    Few of the pieces fit in this jigsaw puzzle:

    http://www.canada.com/vancouversun/news/business/story.html?id=636d74b6-8f89-49cc-a816-f7edef61d3ec

    7 Votes
  • Ri
    RIRIC_Investor Mar 16, 2009
    This comment was posted by
    a verified customer
    Verified customer

    This is a consolation win for the investors who have been defrauded of their hard earned money amounting to millions of dollars till date.

    FBI should do the same in the US and the Indian government should act as well.

    This will be a big help to those naive investors who still believe RIRIC is going to build anything.

    -sujoy

    6 Votes
  • Pl
    Please Jan 10, 2009

    OK Truth which one of you work for the company?? How long did it take you to write up this article - probably a whole week I would imagine.
    Well I guess you got nothing else to do these days ... except of course sending the $$ you falsely led people to give you.

    0 Votes
  • Mo
    Mohamed Nov 29, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I, also, am an investor. Recently, I was told that all of the accountants had left Royal Indian Raj because none of them was willing to take any responsibility for the questionable actions of the Benjamins and Royal Indian Raj. I checked; I called the offices of Royal Indian Raj to verify the credentials of the Chartered Accountant and it is true, there was no accountant to provide credentials.

    This is not good news. This is very bad news. This is the worst.

    0 Votes
  • Sa
    satish Nov 28, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Many are having problems receiving refunds. Where did the money go??

    0 Votes
  • Sa
    satish Nov 28, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I have been thoroughly amazed at how well Royal Indian Raj and the Benjamins have been able to brainwash the investors and customers, including me, and redirect blame to the point of having a lot of investors and customers, including me, spewing their rhetoric – it’s a liquidity crisis, everything has slowed in India, its biappa’s fault. As of recent I have finally realized that this redirection of blame was more intended to distract us all from learning about the real issue and the real issue is FRAUD! After closer examination it is clear the real issue is indeed FRAUD!

    1. Why did the Royal Indian group and the Benjamin's FALSELY market and advertise a 18 hole Jack Nicklaus Signature Golf Course, approximately 200 acres, for the Royal Garden Villas project in Bangalore when they knew they could not and would not build a such a golf course? FRAUD

    2. Why did they FALSELY claim that they had the land of approximately 200 acres required for such a golf course under agreement when they did not? FRAUD

    3. Why did they FALSELY claim that they had the land required for the other amenities, like equestrian land, winery land, etc, when they did not? FRAUD

    4. Why did they FALSELY state in a newsletter that all deposits were being held in escrow when they are not? FRAUD

    5. Why did they tell everyone that the deposits would only be used for the project when they took the money from the deposits to buy land at a totally unrelated site to which we have absolutely no connection? FRAUD

    6. Why when customers have asked for refunds they are unable to get their monies back even after the waiting period? Nothing has been built yet so where has the money gone? FRAUD

    7. Why are they now not answering telephone calls from Customers now due their monies? FRAUD

    8. Why are they now not even answering emails from customer now due their monies? FRAUD

    9. Why are they not making any effort to communicate with the customers now due their monies? FRAUD

    10. Why did they ILLEGALLY sell real estate in jurisdictions in the USA and elsewhere where they have no real estate license or prospectus? FRAUD

    11. Why did they FALSELY claim they had more assets then they really did? FRAUD

    12. Why did they FALSELY claim that the company with which customers have the purchase agreements owns the 17 acres when really it is owned by a third party who has no legal obligation to us and could just walk away with the land if something goes wrong? FRAUD

    13. Why are they not willing to provide an accounting of the deposit monies? FRAUD

    14. Why are customers now filing for charges of fraud against the Royal Indian Raj group and the Benjamin's? FRAUD


    And the list goes on. The more you verify the more you realize FRAUD!

    I was amused by the comments of DeepaM in the post below. DeepaM says, “Looks like a sign of the times.” What FRAUD is a sign to the times? I wish to correct that. Stupidity is a sign of the times. With the allure of making an easy return I was stupid and ignored all the common sense signals. When I was given deep discounts, I ignored the old adage of “If it seems too good to be true it probably is.” I ignored the old adage “Buyer Beware” even though I was buying over the internet from a group that has a zero track record. I would guess that like all purchasers, I did not involve an advocate when that is the very first step you take in USA. I would guess that like all purchasers, I never had an independent advocate check the Land Titles or the contract prior to signing. Yes, I feel stupid. If anyone else feels the same, do not feel bad you are not alone. Yes, stupidity is a sign of the times and it is being proven daily over and over again in India by buyers running for easy returns that are too good to be true. Which they learn eventually are exactly that, “too good to be true”, as someone walks off with their money. Mind you I did not know then that Benjamin was once charged with fraud but I do now. They say tigers never change their stripes.

    I got a great chuckle from Ranjeet’s comments in the post below – Legal Verification Completed. Ranjeet proudly comments how he/she visited the site, touched the soil and visited the advocate of Royal Indian Raj. My dear Ranjeet when buying real estate you do not take advice from the seller’s advocate, you take advice from your own independent advocate. If you had taken the time to retain a great independent advocate, your advocate would have advised you that you are signing a purchase agreement with “Company A” and the land is owned by an independent “Person B” who has no obligation to you and can walk away with the land if anything goes wrong and like magic….poof…your money disappears into thin air. Your advocate would have advised you to only sign an agreement if “Company A” owns the land and where you have a legal tie and right to the land. Their advocate probably said that the land was fully owned and clear title but failed to advise that it was not owned by the company on the purchase agreement. That is why you need a great independant advocate to advise you. Don’t worry, I made the same mistake and I only learned from an advocate after the fact. My advocate told me that this is a typical scam where when the money is gone, the selling company is shut down and the land owner walks away with the land. We know that the money is gone from RGVillas because customers that are due their monies are unable to get their money and nor are their calls or emails being answered. So what do you think is going to happen next…..magic…..and poof our money has disappeared into thin air. So how do we recover our money? Well, you do like other investors and customers, including me, are doing and move to file charges of fraud against the Benjamins for their fraudulent actions and fraudulent representations and freeze their assets and recover the funds from those assets. There is a group at [email protected] that is helping investors and customers organize unified legal action and criminal charges.

    I respectfully didn’t really pay much heed to DeepaM’s and Ranjeet’s comments as that is exactly the same rhetoric Royal Indian Raj staff gave me, almost word for word. If not Royal Indian Raj staff, then definitely the comments were influenced by staff in a half-hearted attempt to counter the growing wave of charges and legal actions mounting against Royal Indian Raj and the Benjamins. But the secret is out now and Royal Indian Raj and the Benjamins have no way of hiding it any longer.

    0 Votes
  • Ra
    Ranjeet Nov 27, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I too am an investor/customer that is concerned about the rants and lies that this Zack fellow is spreading in his campaign to destablize this project and threaten our investments. For the record; prior to booking my investment I visited Bangalore, touched the soil of the land and visited the advocates office to confirm all legalities, you can be assured this is not a scam or fraud.
    However, I am concerned about the time it is taking to get started, my investment is now over a year in process and I was of the mind I would be receiving my Villa by this time next year. That said, it must be noted that the delays are out of the Royal Indian Raj controls. The common knowledge on the ground is that the entire area has been in a permitting freeze for years now awaiting the finalization of the north bangalore area development plan. The Royal Garden Villa project is merely one of hundreds of projects in the same situation. The positive news is that the airport is now open and the government has extreme pressure to pass the development plan. My fingers are crossed...

    0 Votes
  • Ha
    Hari Nov 25, 2008
    This comment was posted by
    a verified customer
    Verified customer

    They said they would build this 5 star property and took money from me almost 18 months ago but nothing of that sort has happened yet. I am planning on visiting their bangalore office in a couple weeks and I will probably request them for a full refund in writing. I will also check with BIAPPA to see if they have applied for a permit. Has anybody received any refunds? If so, please let me know the procedure you followed.

    0 Votes

Post your comment

    By clicking Submit you are agreeing to the Complaints Board’s Terms and Conditions

    IN THE NEWS

    Unhappy consumers gather online at Complaintsboard.com and have already logged thousands of complaints.
    If you see dozens of complaints about a certain company on ComplaintsBoard, walk away.
    One of the largest consumer sites online. Posting here your concerns means good exposure for your issues.
    A consumer site aimed at exposing unethical companies and business practices.
    ComplaintsBoard is a good source for product and company gripes from especially dissatisfied people.
    You'll definitely get some directions on how customer service can best solve your problem.
    Do a little research on the seller. Visit consumer complaint websites like ComplaintsBoard.