To Manoj Benjamin:
Here are some corporate statements you have issued in the past.
1.in a June term sheet for investors, RIRIC states it owns 3,000 acres of clear title, mortgage-free land outside Bangalore, India.
2.in an April 13 press release, RIRIC states its corporate land treasury consists of 13,000 prime clear-titled acres in Bangalore and New Delhi alone.
3.in a September 27 article in the Business Standard, Manoj Benjamin describes Royal Garden City as the largest building project in Asia.
4.in an October 7 article in The Asian Pacific Post, Manoj Benjamin said that RIRIC will be listed on a European stock exchange in 2005.
5.in a September newsletter to shareholders and investors, Manoj Benjamin states “the firm is finalizing on an additional 10,000 acres near the new (Bangalore) International Airport site.”
6.in an October 17 press release, RIRIC states that RGC Bangalore is a 3,000 acre sub-city development situated between downtown Bangalore and the new Bangalore International Airport.
7.in a February 28 press release, RIRIC claims it will be launching its Royal Garden Villas and Resorts brand in Mumbai, Goa, Delhi, Chennai and Pune over the next 12-18 months and is investing an estimated $8-10 billion in the resort projects alone.
8. Manoj Benjamin is quoted in the Times of India on April 13 as saying, “We have acquired 3,000 acres of land for Royal Garden City in Bangalore.”
9.in an April 11 invitation e-mailed to shareholders and investors, Manoj Benjamin states that construction has started on the “Jack Nicklaus Signature” Royal Indian Golf Club outside Bangalore.
10. RIRIC states in an April 14 press release that it is one of India's largest foreign direct investors in the real estate sector.
Anybody see a pattern here?
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