[April 22, 2009] ROYAL INDIAN RAJ INTL CORP LAUNCHES MULTI-MILLION DOLLAR LAWSUIT Tweet Apr 22, 2009 (AsiaPulse via COMTEX) -- MEDIA RELEASE PR34381 (Full text of statement. Contact details below.) Royal Indian Raj International Corporation launches multi-million dollar lawsuit against against former Vice President of Communications, William Zack VANCOUVER, Apr. 22 /CNW-AsiaNet/ -- Royal Indian Raj International Corporation (RIRIC) announces today a $100M USD lawsuit for Slander, Liable and Defamation of Character against RIRIC former Vice President of Communications William Zack. The suit was filed in the United States District Court for the Southern District of New York. The RIRIC lawsuit, initiated in May of 2008 in New York, alleges that Mr. Zack stole proprietary information, confidential data and contact lists from RIRIC then, waged a slanderous smear campaign against the company in North America and India. RIRIC alleges that in or around March 2008, Mr. Zack used various fictitious anonymous aliases to communicate misinformation about RIRICs business to the public through postings on unethical websites and through a direct interview with a Canadian newspaper which was then later excerpted by the Times of India newspaper. He also used the stolen lists to communicate directly with shareholders, customers and alliance partners. RIRIC contends this damaged the RIRIC trade mark, caused millions of dollars in financial loss and a huge loss of client goodwill. The lawsuit alleges that Mr. Zack misled RIRIC's principals and the public to believe that delays in developing the inaugural Royal Garden City Project and the Royal Garden Villas & Resort in Bangalore, Karnataka (www.royalvillasandresort.com) resulted from mismanagement at RIRIC as opposed to Indias notoriously bureaucratic land development process, specifically the delay of the 2001-2021 Bangalore Regional Master Plan (approved only in Jan 30th, 2009) and Indias government upheavals. India has seen five failed governments collapse in Bangalore since 2004. These factors have delayed developments for over 400 Indian real estate developers in the vicinity, including RIRIC. Mr. Zack also claimed that RIRIC exaggerated its developments and wrongly used celebrity endorsements. RIRIC vigorously maintains that both claims are invalid and untrue. In addition to filing the lawsuit in US courts, RIRIC intends to prosecute Mr. Zack in India under Indian criminal law. "Not only is this campaign un-factual and unethical, it has harmed our company and its principal's reputation as a leader in the Indian Realty sector under the Indian Government's Integrated Township program," states RIRIC Chairman; Manoj Benjamin. "Court systems provide legal ways for dispute mediation and regretfully, Mr. Zack opted to air his grievances against us through this online smear campaign. Annoying someone anonymously via the Internet, through a website or even by email; however is a federal crime with stiff fines and prison time. And beyond being illegal, this is a great shame. Our business practices remain and always have been transparent and sound." Mr. Zack's grievances began in November 2007 when he filed a lawsuit with RIRIC and the company, in turn, filed one against Mr. Zack. Negotiations failed and when an arbitration date at a Colorado court was set for February 2008, Mr. Zack did not appear. In February 2009 his lawsuit against RIRIC in British Columbia was dismissed, and yet his online defamation campaign continues. Mr. Benjamin states that whilst this campaign was designed to hinder and harm RIRIC's operations, development and sales in India, the company remains focused, growing and strong. Soon RIRIC will be clearing permissions from State and Central authorities not only on the inaugural Royal Garden Villas & Resort project but larger projects including a new affordable housing project and a special economic zone (SEZ). "As pioneers in the Indian Realty sector we always predicted the real estate market would open and thrive. Presently India's real estate market lacks regulation and is therefore highly unstructured, disorganized and far more challenging than anything that has been encountered in the West. Despite this, we have held in there patiently with India's archaic permissions process and weathered political resistance. We have loyal investors and now with permissions being granted on the Royal Garden and Villas Township we are going full throttle ahead. We are proud of our endeavors in India; one of the world's most economically vibrant nations for real estate. We remain committed to its growth and to providing housing for this nation for many years to come." 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. RIRIC maintains a six-sector heavy infrastructure orientation focused on the free worlds largest emerging real estate market; India. The companys vision is to help develop the New India by modernizing residential and commercial real estate developments, methodologies and businesses through building self-sustaining, modern cities for the future. RIRIC implements leading-edge technologies and products through its strategic alliances with world-class corporations. Please visit our websites; www.royalvillasandresort.com and www.riric.com. SOURCE:: Royal Indian Raj International CONTACT: For shareholder enquiries, please contact Robert Brown; Vice President of Corporate Relations at (604) 685-7442 (ext. 102) and, by email at [email protected]; For press enquiries, please contact Debbi Gardiner McCullough; Press Officer at (480) 332-2959 and by email at [email protected]/ [ Back To TMCnet.com's Homepage ]