Wednesday, October 28, 2015
Royal Indian Raj International Corporation launches multi-million dollar lawsuit against former Vice President of Communications, William Zack
http://archive.newswire.ca/en/story/494575/royal-indian-raj-international-corporation-launches-multi-million-dollar-lawsuit-against-former-vice-president-of-communications-william-zack
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
RIRIC's 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 India's notoriously bureaucratic land development process, specifically the
delay of the 2001-2021 Bangalore Regional Master Plan (approved only in Jan
30th, 2009) and India's 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."
Subscribe to:
Comments (Atom)