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Royal Indian Rajhard evidence against riric by riric - rgvillas developer

Sick of all the hearsay and want proof of how RIRIC conducts its business? Check out the electronic evidence trail RIRIC has left behind over at the India Complaints Board:

http://www.consumercomplaints.in/complaints/royal-indian-raj-c159452.html

Sharon Dobson

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  • Ro
    Royal Indian Raj Team Nov 05, 2017
    This comment was posted by
    a verified customer
    Verified customer

    Ex-Employee Revenge Attack, Fake News, Internet Trolling, Cyber Crime cause

    The Digital Assassination Of A Company

    Losing a Billion: The Economics of Cybercrime

    “How Royal Indian Raj International, its Investors and Clients
    Have Been Financially Compromised By Digital Criminals”

    Help Catch and Prosecute Cyber Criminals!

    An Open Letter to All RIRIC’s investors, customers and concerned individuals:

    Management feels that this mater is of such fundamental importance to the company and it’s investors and clients – and to all readers – that they have asked me to comment on both RIRIC’s situation, and to the unfolding and universal problem of digital assassination in general.

    If you are an investor or client you probably know RIRIC has faced two historic problems: The sudden and unexpected Bangalore Municipal Regional Development Authority/Government Land Freeze in India that has now been resolved to the satisfaction and benefit of the company. And in fact, to the satisfaction of the over 650 developers who’s projects were also stymied because of the unforeseen government action.

    And further, that the company and management (in many cases personally) have been subjected to an intensive and ongoing Internet digital assassination and smear campaign conducted by a disgruntled former communications/media employee, William (Bill) Zack and a SEO consultant Sharon Dobson and a junior employee Eric Ferguson.

    You should note that a Federal Court Order ordered the web site shut down in 2008. He complied (outwardly), but moved it offshore and continued propagating his false allegations out of the courts jurisdiction.

    They teamed up and as part of their ongoing malicious web assassination campaign they contacted David Bains, a Vancouver Sun columnist (no longer with the paper) who, looking for a sensational “scoop” and with apparently no knowledge of the Indian Realty market wrote a series of thirteen articles over a five-year period. Nine of which were written in a nine-month period in 2008. All without the benefit of any interviews with company personnel. Sadly this “columnist” just used uncorroborated “third-party” misinformation and totally ignored the viable and well-documented business and legal material that the company had offered him for review, and began asserting that it was just a stock scam with the result it instigated the British Columbia Securities Commission (BCSC) to investigate. And thinking he knew more and was smarter than the BCSC investigators continued to do so even after, and despite the fact, that the regulator dismissed all allegations regarding this.

    http://finance.yahoo.com/news/british-columbia-securities-commission-dismisses-201600605.html

    In managements opinion this continuing disinformation campaign is a malevolent and premeditated criminal conspiracy using the unregulated Internet as a weapon to diminish RIRIC’s ability to control resources and to damage the business and institutional credibility, and to sabotage any and all of the company’s business, investor and customer relations and the company’s financial wherewithal.

    This was done utilizing RIRIC’s stolen customer, shareholder and alliance partner lists thereby incensing customers and shareholders and alienating alliance partners by impugning RIRIC’s good and valuable reputation. Malicious and fraudulent traffic was instigated and directed to internet “rumour” sites with specific instructions on what to do and say in coordinated attacks in order to panic customers and to influence regulators, law enforcement officials, the media and alliance partners both in North America and in India, all in an effort to egg-on vexatious investigations and actions.

    All government reviews including the Untied States of America Securities and Exchange Commission have concluded that the company has done nothing illegal. But these campaigns have cost hundreds of millions of dollars in lost sales and immense 1st to market advantage. A short list of the lost financial opportunities resulting from these attacks are staggering:

    · Suspension of Brands such as The Jack Nicklaus Design Exclusive India Wide Golf Brand
    · Nicklaus Academies - India Wide
    · Choice Hotels India wide 15000 Room initiative
    · Phase 1 Lot sales of $400M
    · The erosion of Royal Garden Villas Pre-Sales revenues of $40M which effectively prevented;
    · The $300 M sell-out of Phase 1 in 2009 and the
    domino effect of cancelling Phases 1B
    · The cancellation of an Initial Public Offering (IPO) in [protected]
    · Loss of Sales and Investor capital of $500M - $700M annually for 5 years
    · Loss of between 1000 to 1500 sales inquires monthly estimated to be between 60, 000 to 90, 000 inquires over a five-year period
    · Loss of financial arrangements
    · The degradation and loss of Physical Infrastructure
    · Lost opportunities in closing large land options in Bangalore, which were time-bound
    · Loss of 1st to Market Position
    · Loss of Reputation

    As you can see these attacks not only affected the company’s ability to proceed on its 1st to market initiatives but also affected our investors and buyers – thus it directly affected you!

    (For further information regarding the continuing cyber assassination and media attacks against RIRIC please see the following press release -False Media.)

    http://www.royalindian.info/1/post/2013/02/royalindianrajinternationalcorporationrespondstofalsemedia-cyberbullyingattack-orchestratedbydisgruntledformeremployee.html

    However you will be pleased to learn that we are making substantial progress but not without considerable effort, as all this has had the effect of “working with one hand tied behind our backs.”

    All this being said the intent of this release is not so much to rehash these specific civil and criminal libels and the resulting financial costs to you and the company, but to create an awareness in how easy it is to assassinate both the reputation and the viability of a company or its personnel anywhere in the world – by one or a few angry and vengeful individuals!

    This is not just about computer security any more – it’s cyber crime plane and simple - from stealing financial and technical information, identity theft, digital piracy, transaction based fraud, denial of service or personalized digital assassination of character and companies to name a few.

    Most of you will probably be aware of the developing worldwide outrage regarding cyber bullying directed towards individuals, but there is another equally or even more damaging snake laying in the grass.

    The old saying used to be that: “I saw it in the newspapers so it must be true, to the newer version - I saw it on Google so it must be true.”

    Here is one example of how this can affect a company:

    In 2008, a teenager on CNN’s iReport (its “citizen journalism page”) falsely reported that Steve Jobs had suffered a heart attack. The results? This teenager’s digital attack caused one of the worlds best known brands to lose hundreds of millions of dollars in stock value within minutes.

    The average person just does not have the time or inclination to delve deeply into any given subject so that the typical person considers what they see on the Internet as being entirely true and factual and for the most part posted by honest people.

    Excluding the Internet savvy – most of us are lagging far behind in realizing the enormous power of the Internet. This even includes many of the media who utilize the web as a resource.

    Unfortunately, on the web no company or person is bullet proof. Those attacking you can, and in many cases do, hide behind stalking horses. Any one can post what ever they want on the web. Unlike the press of old, there is no one to verify the accuracy or veracity of anything. And digital assassination becomes even more effective – synergistically so - when other’s are knowingly enlisted, or as dupes and/or co-opted into achieving the instigators objectives.

    In their book; Digital Assassination by Richard Torrenzano & Mark Davis. St. Martins Press, the authors write:

    “If you want to intentionally defame someone, it’s an easy process…

    The Internet has power that no other media has ever offered. Power in the form of instantaneity, 24/7 global reach, eternal memory, deep search capability, and instant retrieval.

    For people, brands, or companies attacked on the Internet. Google’s algorithms assure that every defence will hype every attack – and every counter response – for as long as the… of a fight is interesting to onlookers. (By the very act of Googling the subject).

    …new technology… allow a vengeful individual to have an impact as never before.”

    Cyber assassination is a form of asymmetrical warfare with the attacker always having the upper hand/advantage by being able to strike/attack first.”

    So why don’t people sue?

    · It’s very expensive
    · It usually takes a court order to take down a site as Internet service providers jealously guard their fiefdoms
    · Smart digital assassins hide their tracks
    · By necessity, laws usually lag behind progress. This seems to be doubly true with regards to the Internet and content

    · An example of the legal complexities involved, in the U.S. service providers are considered carriers (like telephone companies) and are not legally responsible for content. Content providers, however can be held responsible but as mentioned the clever ones are virtually impossible to track down using fake address’s, using anonymizer’s or an anonymous proxy that are untraceable on the Internet or by using offshore sites
    · Or they hide themselves by using a preloaded credit card and bogus information and access the Internet using a wireless enabled coffee shop

    The costs involved are astronomical. Not including the direct damage costs incurred as a direct result of cyberattacks. This is reflected in an article in Forbes:

    “… the unfortunate truth is that every individual, company and government entity faces significant risk of becoming victims of cyber crime. And while the costs in time and money required to address holes in our cybersecurity stagger the imagination the question that law abiding people are asking now is, “how we can manage the risk, ” and punish the perpetrators.”

    Forbes Magazine – Dec 24, 2012 – Article The Economics of Cybersecurity by Thomas Stockwell. Pages 47-50

    And Thomas M. Stockwell: Deloitte writes:

    “Most telling is the increasing average time it takes for corporations to counter cyberattacks. In 2011, it was 18 days (average cost: $416, 000). In 2012, the time rose to 24 days (average cost: $592, 000), an increase of 42%, according to that 2012 study.”(These costs are speculative.)

    “Over the past few years it has become abundantly clear to me that for to long outdated laws and regulations designed for a previous era have allowed subversive elements to work outside the legal parameters of a just society. There is one small light however. India has taken a proactive step to come to grips with this endemic problem with the implementation of a new Information Technology Act as recently Gazetted:”

    “The Gazette of India Amendment Act of 2008 – Published by Authority, New Delhi, Thursday, February 5, 2000

    The Information Technology (Amendment) Act, 2008 (5th February 2009)

    An Act further to amend the Information Technology Act, 2000

    66A Any person who sends, by means of a computer resource or a communications device,

    (a) any information that is grossly offensive or has menacing character; or
    (b) any information which he knows to be false, but for the purposes of causing annoyance, inconvenience, danger, obstruction, insult, injury, criminal intimidation, enmity, hatred or ill will, persistently by making use of such computer resource or a communication device; or any electronic mail or electronic mail message for the purpose of causing any annoyance or inconvenience or to deceive or mislead the addressee or recipient about the original of such messages, shall be punishable with imprisonment for a term which may extend to three years and with fine”

    “As you can see any company, brand, personal reputation, product or stock can now be digitally assassinated with immunity – in effect – murdered at the speed of light!

    And in our case the personal vindictiveness and selfishness of the cyber attacks directed towards the company and management has also harmed so many people and impeded innocent investors and customers from realizing the creation of value over the years and financial gains.”

    As a victim that now knows first-hand the seriousness of this problem we are asking for the updating of the Canadian Criminal Code to recognize that in today’s world you don’t have to use a club to assault. And to recognize that there are modern forms of attacks that did not exist in the past. We need the Canadian Government to implement modern cyber laws equipped with enforceable deterrents and tools – both criminal and civil – and to lobby other nations to do the same in order to stop these types of criminal assaults and make it so that there are no “off-shore” sanctuaries for these criminals.

    As you can see that the way things stand now the Internet is analogous to the old Wild West. So upon reading this I would like you to consider that this is what has happened to RIRIC and also that it is entirely possible that sometime in your life, you or one of your loved ones could run afoul of the unregulated Internet.

    Therefore I urge you to consider contacting your Member of Parliament and the Prime Minister that Internet assault and muggings, digital assassination and other forms of cyber-violence are assaults by another name only and that they are serious criminal acts that can have severe and sometimes catastrophic consequences and encouraging these measures be pursued.

    I hope that the above has helped you in understanding this wide-ranging problem. As you can see digital assassination and cyber crime is a pernicious epidemic that has, and will, affect many innocent people.

    Yours truly,

    Manoj C. Benjamin
    Chairman
    Royal Indian Raj International Corporation

    Sunil Rao
    Royal Indian Raj Legal Team

    PS: Please think before you post and text.

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  • Ro
    Royal Indian Raj Team Nov 04, 2017
    This comment was posted by
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    Verified customer

    Royal indian raj international corporation® responds to false media & cyber bullying attack
    Orchestrated by disgruntled former employee vancouver, bc: february 27, 2013 -

    This release is to bring interested parties up to date and to inform investors, customers and business
    Associates on the situation resulting from
    The ongoing false media and internet
    Campaign of cyber bullying & vandalism
    Directed against royal indian raj
    International corporation®, (riric), and
    Its officers and employees over the past
    Number of years regarding its urban
    Infrastructure and housing township
    Projects in bangalore, india. the above, in
    Conjunction with the sudden and unexpected implementation of the government's bangalore land freeze (see background information) created a perfect storm affecting the operations of the company.
    Beginning in early 2008 the former vp of communications in north america after being dismissed by the company and his decision to abandon binding arbitration hearings agreed to by himself and the company began posting to a defamatory blog site. a u. s. judge ruled that he take down the site and to cease-and-desist.in contravention of the american court order he launched an internet liable misinformation campaign illegally accessing and utilizing stolen confidential corporate information and began sending misinformative emails to thousands of customers and contacts.

    He also began an active email/social media campaign sending misinformation to the world-wide public including specifically riric alliance partners, shareholders and condo buyers exploiting the lack of understanding of indian realty practices and attacking the project(s), the company chairman and his family members, and corporate executives with allegations of fraud, misappropriation of funds, and claiming that no project(s) existed and no land was owned, etc.
    He then began using traffic directed to his rumour website in an effort to create and guide exasperated actions from a panicked and misguided audience in an attempt to destroy riric operations and create vexatious legal actions. encouraging and publicizing defamatory statements

    On internet based media including blogs, forums, websites and social networking sites with comments from the very same people that he had enflamed. while many internet users believe that they are free to say and do as they like while on the internet, this is untrue as the same defamation laws and regulations stand for online defamation as they do in any form of media.

    He took his vendetta further by contacting the local media. commencing in april 2008 a vancouver newspaper reporter took the bait and began writing without interviewing the company, a series of highly sensational "expose style articles" denigrating riric's business acumen and personal and corporate ethics. despite having little to no understanding of indian reality or land practices his false light reporting and allegations reached the point of accusing the company and specific personnel of impropriety.

    This, as well as the ongoing pre-mediated digital assassination campaign understandably caused enormous concern with riric's investors and clients whose angst resulted in an investigation by various north american regulators (all of which felt there was no justification for action), and the bc securities commission, which subsequently dismissed and closed its file on the matter.in may 2010 after an exhaustive review, bcsc lead investigator david martin determined there were no grounds for prosecution. "at the end of that process, we concluded that there was insufficient evidence to sustain allegations," said bob abrams, bcsc investigations manager.

    Management believes that the reporter was, in part, influenced in the editorial approach he took in writing about riric, both through selective input from a few disgruntled local employees, and a documented personal jaundiced view of certain types of entrepreneurs in general.

    This in addition to exhibiting an alarming lack of knowledge or naivety of the risk factors of doing business in india and indian realty and township practices which are substantially different from generally accepted north american real estate practices.
    So that there is no misunderstanding management wishes it to be known that they also reached-out to this reporter, by offering to meet with him, open the company's books, and to allow him to review all confidential pertinent documents and agreements from the various levels of the indian government and agencies as well as inter-corporate agreements. unfortunately, for reasons known only to the reporter he refused stating, "I have already made up my mind... and i'm going to make it worse."
    Management believes that unprofessional methodology and treatment of the company as well as the afore mentioned internet digital assassination campaign immensely compounded the shockingly unexpected bangalore metropolitan region development authority (bmrda land freeze of over 3500 sq km.in bangalore, india which froze all permits and permissions in various stages of processing of over 460 projects in the region. effectively halting investments of over 2b usd and blocking finance of developments and customer sales in the region and compromising the company's ability to provide service and expertise to its stake holders.

    Globally organized real estate is currently valued at about $31 trillion (us$). the largest portion of this total (41%) is located in europe, 33% in the americas and 26% in the asia pacific region. as the market continues to grow capital is flowing into real estate markets worldwide, with an ever-growing portion moving from the more mature to emerging markets like china and india.
    Although india like china is striving to become more "modern," it should be noted that the indian real estate sector recently opened to foreign participation in 2004 is unique from that of other indian industries in that it's in its corporate infancy, especially as compared to north american and western european real estate standards and practices.in india the real estate "playing field" is unique to that country.

    Debt markets are emerging as laws to facilitate "securitized" lending are developed, although there is as yet no formal indian real estate regulator. methods that would not acceptable or tolerated in north america are considered as normal business practices thus it takes a company like riric that

    Is well versed in the nuances of doing business there to operate successfully.in india traditional real estate construction financing primarily comes from pre-sales where the consumer pays for the product in advance.
    The developer then utilizes the monies received to build the product and deliver it to the consumer. tangled regulatory infrastructure has exacerbated the construction of residential projects in all of india and this is especially apparent in new delhi, mumbai, and bangalore, the top three real estate markets which face massive completion delays. around 45% of all projects that were launched pre 2008 in these three markets are still under construction, says a report by real estate research firm propequity.

    As could be expected with the growing sophistication of the indian consumer there has been increasing demands on the central government, specifically the ministry of housing & urban poverty alleviation to introduce modernized regulations for the real estate sector. to this end the ministry has produced a draft version (revised) of the real estate (regulatory & development) act, 2011. the bill is envisaged to act as an interface between the end user and the developer. as with the progress of most bills of this type it needs further debate and deliberations before being enacted and the consumers need to be made aware of this.

    Any reasonable person should consider that those indicated and those continuing the internet character assassination attacks and cyber-bullying, to be exhibiting a profound lack of indian real estate knowledge, and to have transcended the boundaries of "free speech" to the point of entering into the realm of libellous defamation by their groundless and provocative impugning the character and reputation of both the company and management. management believe that that the company and its customers, let alone themselves have suffered substantial economic loss as well as personal character defamation and as such is consulting its lawyers with instructions to vigorously pursue its options - either civil and/or criminal.
    Management strongly recommends that those concerned or interested in royal indian raj international corporation®, (riric), riric's proposed indian townships including the inaugural royal garden city, royal garden villas and resorts project to be critically proactive in their approach to information obtained on the internet. if in doubt please contact the company.
    Link to securities letter
    Related links...
    Brace for 10-30% price rise, delivery delays: real estate players
    Nearly half the projects in metros delayed: study - hindustan times
    Union urban development minister to review nri city project times of india bangalore bang: rs 14, 000-cr city 20 km away

    Background information
    About: royal indian raj international corporation®
    Royal indian raj international corporation®
    (riric), incorporated in nevada, usa, in march 1999 with offices in vancouver, london, and bangalore, india, maintains a country - specific, 5-sector heavy infrastructure orientation, focused on the free world's largest emerging market, india. the company's goal is to develop the new india by modernizing housing and businesses and realizing self-sustaining cities of the future. riric implements leading-edge technologies and products in strategic alliance with world-class international corporations. partnered with these international leaders in their respective fields, riric is focused on five of india's priority infrastructure sectors

    Using a vertically integrated business strategy: urban infrastructure & housing, road building & recycling, broadband communications & it networks, ecommerce/it & education applications, and broadcast content, entertainment & theme parks.
    Bangalore metropolitan region development authority
    (bmrda), the autonomous body created by the government of karnataka under the bmrda act of 1985 for the purpose of planning, co-ordinating and supervising the proper and orderly development of the areas within the bangalore metropolitan region (bmr). on inception the bmrda placed a blanket freeze on all real estate development in the proscribed area effectively stalling riric's proposed township projects

    In bangalore, india. the land freeze encompassed over 3500 sq km. and halted over 460 development companies projects in the region. many of which have subsequently gone out of business.

    45% of residential projects launched before 2008 in ncr, mumbai and bangalore are delayed: propequity
    25 feb, 2012, 12.18pm ist, ravi teja sharma, et bureau
    Residential projects in the top three real estatemarkets in india are facing
    Massive execution delays. around 45% of all projects that were launched pre
    2008 in these three markets are still under construction, says a report by real estate research firm propequity. read source
    Nearly 12 million new housing demand estimated by 2016: cushman & wakefield
    Pti oct 3, 2012, 08.23pm ist

    New delhi: a fresh demand for nearly 12 million housing units is expected to be generated over the next five years across the country, global property consultant cushman and wakefield said in a report. about 20 per cent of this additional demand would be in top eight cities of the country."the total new demand that could be generated for residential dwellings in the period 2012-16 will be 11.8 million units across india. of the total additional demand, the top 8 cities will be constituting 18 per cent or 2.1 million units across categories," cushman & wakefield (c&w) said in a report. read source

    Contact: grant ball - vp legal affairs [email protected]

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  • Ro
    Royal Indian Raj Team Nov 04, 2017
    This comment was posted by
    a verified customer
    Verified customer

    Royal indian raj international corporation® responds to fake news, cyber bullying & internet trolling attack
    Orchestrated by disgruntled former employee - vancouver, bc: november 5th, 2017.

    Hello folks, great news for the benjamins the bc supreme court in canada, august 17th dismissed the default judgement gained with perjurous afffidavits in california then domesticated in bc and the local bc freeze order imposed on the benjamins in 2013 with full damages to be awarded against those that filed wrongly and with false affidavits.

    The ex-empoyee false media attack orchestrated by a former director of communication william zack after being fired and sharon dobson a seo consultant and a few other's was launched in march 2008 to deliberately harm riric and the benjamins on the unregulated internet. all these people fled vancouver in 2008/2009.

    The cowardly and deliberate misinformation reversed sales on phase 1- $100m project and other riric projects including $900m in lots sales on the jack nicklaus golf course with the false statement the rgv project and others did not exist in india then proceeded to use this blantantly fake news world wide with extensive internet trolling to 18000 stolen riric customer lists to panic inocent customers with this fake news and instigate refunds inciting them to file false court cases with false affidavits and instigate government regulatory probes. harming riric customers and shareholders.

    Both the unitied states securities and exchange commission (sec) and british columbia securities commission (bcsc) have investigated and dismissed without any fines for royal indian raj international and all of the benjamins. thanks to legal reform of the newly created internet industry by various governments since our attack in 2008. both india, usa and canada now have extensive criminal penalities punishable by imprisonment for up to 10 years for these cyber criminal's activities. riric and the benjamin family whas hired forsenic investigators to identifyi those cyber criminals involved and arrest warrants are pending in india, usa and canada for the extensive corporate destruction and personal internet bullying / violence that has been imposed illegally. any information leading to an arrest of one or more of the internet trolls in india, canada and usa will be rewarded with a $10k usd award.

    For those internet criminals posting causing this cyber defamation / internet violence and posting this malicious and hateful information beware you will be prosecuted and jailed.

    Your posts are tracable despite your anonymous alias and you will be held accountable.

    count on it!!

    Royal indian raj international corporation

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  • Vi
    VillainHater Nov 03, 2017
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    a verified customer
    Verified customer

    Ravi benjamin (ravi benjamin real estate) ordered by california northern district court to pay $30 million to royal garden villas customers of royal garden villas bangalore india. manoj benjamin, brother of ravi benjamin was included in the order to pay $30 million to royal garden villas bangalore india customers.

    For legal documentation, google search: abokasem et al v. royal indian raj int'l corp. et al

    It is suspected that ravi benjamin fled from vancouver bc canada to bangalore india with his wife, sherri vaters after the $30 million defeat of ravi benjamin was petitioned to be registered internationally in vancouver british columbia canada. international enforcement of the ruling is in play, with india and canada having various reciprocal legal agreements in place for execution and enforcement. manoj benjamin and others were also defeated in the $30 million law suit.

    The whereabouts of the father of ravi benjamin, collins benjamin of bangalore india is unknown after benjamin was released from bangalore prison for real estate fraud involving the royal garden villas scheme.

    Comments
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  • Te
    Telling the Facts May 26, 2012
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    British Columbia Securities Commission dismisses fraud investigation into Royal Indian Raj International Corporation

    Canadian proprietary township model to proceed in India as result of clearance by the BCSC

    Vancouver, BC, November 25, 2011 - As of April 2010, the British Columbia Securities Commission (BCSC) has formally closed their investigation into Royal Indian Raj International Corporation (RIRIC).

    Allegations of fraud and irregular land acquisition processes surrounding RIRIC's township development activities in India were brought against the company in early 2005 by a former local employee looking to undermine the hard-earned reputation of RIRIC in both North America and India. In addition to RIRIC's early brand incubation of such names as Choice Hotels (15, 000 rooms), Century 21, and Caldwell; exclusive rights to the Jack Nicklaus golf courses and Academies; consultancy associations with Jones Lang LaSalle and CPG Corporation (former Singapore Public Works Dept); and financial relationships with Global Emerging Market Fund on a 300, 000, 000M (GBP) Equity Line of Credit the following townships were presented to the Indian government and proposed for development subsequent to land negotiations and Township master plans submission:

    Royal Garden City Bangalore (2004) - 3, 000 acre (146.36 million sq. ft. built-up) "Smart" City, Bangalore, India
    Royal Garden City Mumbai (2004) - 5, 000 acre (217, 800, 000 sq. ft. built-up) "Smart" City, Mumbai, India
    Royal Garden Villas and Resort (2005) - Phase 1: 17 gated communities (600, 000 sq. ft.buildable), proposed expansion to 137 acres (5- 7M sq. ft.) Bangalore, India
    The Italian Village (2007) - 1, 136 acre gated community, Bangalore, India
    Golf India (2007) - a series of prestigious, planned golf course communities across India by golf legend Jack Nicklaus
    The Special Economic Zone [protected], 500 acres for commercial development, State of Meghalaya, India

    After an exhaustive review, BCSC lead investigator David Martin determined there were no grounds for prosecution.

    "At the end of [that] process, we concluded that there was insufficient evidence to sustain allegations, " said Bob Abrams, BCSC Investigations Manager.

    "We are very pleased with the BCSC's decision, " says RIRIC's chairman Manoj C. Benjamin. "As RIRIC is very vigilant at keeping well-documented records of its cross- border activities in the new emerging market of India and elsewhere we remained confident with the investigation's outcome. The process has nevertheless delayed our progress.We are eager to put the last few years behind us and get our inaugural township project in Bangalore, India, off the ground in mid 2012, move on to other proposed townships as well as internationally incubate big name brands through our vertically integrated development portal.".

    The Asia-China-India markets will make up 50% of the world's economy by mid-century; a transformation which, in India, will be "the scale and speed of which has not happened anywhere except China" noted a recent report from Morgan Stanley. RIRIC is well-versed in the risks and challenges inherent to developing Eastern markets and is readily equipped to handle the multiple facets of its projects.

    "Our vertically integrated proprietary "Smart" township model is unique - and a significant undertaking by any company's standards, " notes Benjamin. "It requires vision, the pursuit of excellence and a hard-headed business acumen. In India it requires additional mastery over many complex risk factors and procedures prevalent in these types of emerging markets such as poor regulatory environments, undefined real estate laws/practices, prolonged re-zoning issues, continuously changing governments, and excessive governmental red tape for project permissions with average approvals taking up to six to eight years. It takes patience, perseverance and personal contacts at the highest political level. RIRIC has all three in abundance."

    RIRIC initially entered into their township development projects in 2000. They received Indian Foreign Investment Promotion Board (FIPB ) approvals under India's newly created "Integrated Township Sector" programme in September 2004, and became the first Foreign Direct Investment (FDI) permitted under this initiative. However, government delays of five to ten years, the aforementioned employee's internet sabotage campaign, and other influencing market factors reversed the precision planning and effective advancements to date; it was the perfect storm to stall the company's stellar reputation, integrity and project validity.

    The clearance by the BCSC, combined with finalized Indian government permit clearances at the central and state levels, will allow RIRIC to commence phase one of its inaugural Royal Garden Villas & Resort (RGV) Live-Work-Play community in 2012 with phase two and its proposed 3-4 million square feet development anticipated to follow. The RGV project has received over 12, 000 sales inquiries in its pre-launch stage. The entire project will be completed in several phases over approximately 5-7 years.

    QUOTES

    "Over the next two decades, India is expected to see an urban transformation the scale and speed of which has not happened anywhere except China, with many cities becoming larger than many countries in terms of population, size and GDP. By 2030, India's cities will be home to about 590 million people - nearly twice the population of the United States. At present, nearly one-quarter of India's top 200 cities have no car dealership, less than 10% have a 5-star hotel, and nearly two-thirds were still waiting for a large-scale retail store or hyper market." -Morgan Stanley Alpha Wise Evidence Series - India Urbanization, January 2011

    "India's burgeoning and transitioning real estate sector has many challenges; understanding those challenges and enormous market potential will take time. In addition to a corporate real estate sector that's in its infancy in terms of customs and regulations compared to Western Europe, the U.S. or Canada, there are also cultural and operational differences that investors here need to fully understand in order to appreciate the risks and subsequent potential gains prevalent in emerging markets." - Manoj C. Benjamin, Chairman RIRIC

    "Global realtors are eyeing India - the opportunities here are mind-boggling." - Andrew Irvine, General Secretary of FIABCI (International Real Estate Federation), Times of India

    "As recently as this past October, Ernst & Young has stated that India is becoming the fastest growing economy in the world slated to surpass China in GDP growth by 2013. RIRIC's story isn't just the story of one person and a company, but a story that weaves time, place, hundreds of visionary people, an Indian market set to explode, stimulation of bilateral international economic opportunities, and acclimatization to India's emerging market. While there will be a lot hard work and myriad challenges I believe RIRIC's brightest and most innovative days are ahead." - Manoj C. Benjamin, Chairman RIRIC

    About Royal Indian Raj International Corporation

    Royal Indian Raj International Corporation (RIRIC), incorporated in Nevada, USA in March 1999 with offices in Vancouver, New York and Bangalore, India, maintains a country-specific, 5-sector heavy infrastructure orientation, focused on the free world's largest emerging market: India. RIRIC's goal is to develop the New India by modernizing housing and businesses and realizing self-sustaining cities of the future. RIRIC implements leading edge technologies and products in strategic alliance with world-class international corporations. Partnered with these international leaders in their respective fields, RIRIC is focused on five of India's priority infrastructure sectors using a vertically integrated business strategy: Urban Infrastructure & Housing; Road Building & Recycling; Broadband Communications & IT Networks; eCommerce/IT & Education Appliances and Broadcast Content; Entertainment & Theme Parks.


    Twittercue: BCSC closes investigation into Royal Indian Raj International over allegations of alleged fraud.

    RELATED LINKS

    Union Urban Development Minister to Review NRI City Project
    Times of India - Bangalore Bang: Rs 14, 000-cr City
    RIRIC YouTube Channel
    RIRIC Facebook
    RIRIC Twitter


    CONTACT INFORMATION

    April M. Stewart (Agency)
    Royal Indian Raj International Corporation
    Public Relations Department
    Web site: http://www. royalindianraj.com
    Blog: http://www.royalindian. info
    Financial: http://www. royalindianraj.com/#!company/ vstc8=financial-participation/ vstc2=investor-information

    Technorati Tags: Royal Indian Raj International | Royal Indian Raj International Corporation | RIRIC | BCSC | British Columbia Securities Commission | India | Royal Garden Villas | Bangalore |Manoj Benjamin | township | township s | India emerging market | emerging markets | Eastern markets | permit clearances | Indian government | Indian government permit clearances | inaugural Royal Garden Villas & Resort Live-Work-Play community | Live-Work-Play | Morgan Stanley | Ernst & Young | Indian real estate | Indian real estate sector | Indian real estate challenges | Indian real estate developer | Indian urban transformation
    YouTube - Videos from this email

    -1 Votes
  • Cu
    customer May 25, 2009

    If what ever you have said is true...Show us some proof for us to believe. Why do you guys never return calls. Why are youy not refunding our money. Its been more then 3 years since I have paid my deposit.


    I say everybody need to file class action law suit s against RIRC in different paces, NY court (Northen District), Nevada, and also in Canadian courts. I ask all the customers to be proactive and initiate law suit. I don't mind even if we loose 1/3 of deposit. I have already spoke to a lawyer in NY and he is ready to represent in court...same court where RIRC suied Bill Zack.

    2 Votes
  • http://www.newswire.ca/en/releases/archive/April2009/22/c4391.html

    0 Votes
  • Sh
    Sharon Dobson Apr 08, 2009

    For an update on the first post on this page regarding RIRIC's electronic evidence trail, please see the following post on the consumercomplaints.in board:

    http://www.consumercomplaints.in/complaints/royal-indian-raj-c159452.html#c216990

    -1 Votes

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