Complaint Review: BRIC Group TRUSTED BUSINESS | Ripoff Report Verified™ …businesses you can trust. The BRIC Group offers investors divers real estate investment opportunities in equally diverse markets around the world. The BRIC Group is all about trust and confidence and their business model ensures complete peace of mind. The BRIC Group is developing its own master-planned beachfront resort in Northeast Brazil making The Coral a six-time award-winning resort.

Dear all,

There has been some speculation and adverse comments on certain forums regarding the CORAL LAKE AND BEACH RESORT project ("CLBR").

Based on that, we will stick to the facts, which can be proven and shows the legality and legitimacy of CLBR:

1. A.     History of the Project

1. The CLBR is a real estate project located in the municipality of Trairí, State of Ceará, designed to be one of the leading developments of the region.

1. To do so, we took with all possible measures to ensure the legality and solidity of the project: we hired professionals to conduct an extensive due diligence of the property before its acquisition and independent environmental auditors to verify the project's environmental regularity.

1. In those due diligences, it was verified that the CLBR is a result of an Allotment registered on 1992 and that all registers and licenses needed to install the Allotment were in place.

1. Indeed, on 2008, SEMACE (the environmental body) granted a new Installation License to the Allotment (License 171/08). This license is needed for the construction of the public equipments (sewage system, streets, electricity, etc) ("Infrastructure Works") and was grounded on studies done by the members of SEMACE, which confirmed the environmental viability of the allotment.

1. Also on 2008, the City Hall of Trairí reinforced the approval for the opening of the avenues and streets of the allotment.

1. Based on these documents, we began to market and commercialize CLBR. Moreover, we hired the best architecture company in Ceará (MD CONCEPT) to develop the whole concept of the CLBR and expected to start the construction of the infrastrucutre of CLBR on January, 2011.

1. B.      SEMACE issue and final solution

1. However, contradictory and arbitrarily, SEMACE denied the request for the renewal of the Installation License and hampered our schedule for the installation of the Allotment. Curiously, this happened with other projects located at the coast of Ceará.

1. We never stopped fighting to revert this abnormity and, after big efforts from our side, SEMACE approved the installation of the Technical Chamber to analyze the CLBR. This Technical Chamber had the CLBR analyzed by a group of technicians and concluded for its viability.

1. Then, on 12-09-2013, SEMACE finally issued the Installation License n. 59/2013, which validity can be checked in the following official link:

http://www.semace.ce.gov.br/institucional/servicos-institucional/consulta-de-processos/

Please copy the below code in the below mentioned field and then click on (CONSULTAR)

CNPJ/CPF: 07335151000140

1. It is important to emphasize that, before issuing the Installation License n. 59/2013, the City Hall of Trairi and SEMACE have given permission to open part of the main road of CLBR.

1. The construction of this main road and, now, the process to the full conclusion of the Infrastructure Works can be checked in the following link:

http://thecorallakeandbeachresort.com/development_infrastructure.html

1. Finally, we are happy to offer you a Free Inspection Trips to the Coral Lake and Beach Resort and a plot in this paradisiac location.

Meanwhile, we are at your entire disposal to clarify any further questions.

Yours faithfully,

BRIC Investment

Email: info@bric-invesment.com

I also purchased plot here in 2010.  Ownership the plot did not transfer to my name.

The Bric say about investment, that missing building permit only, therefore the work does not start.

But they promise  that will be soon.  
Promise more than a year.

 I am anxious already.

 I am looking for connections to other customers.


Here you can write to me: cobana88 at gmail dot com

Hello, I "purchased" a plot of land in Coral Lake and Beach Resort in Brasil in 2011 and still have not seen my title deed, I keep getting all kinds of excuses regarding the lawyers, etc. but the fat of the matter is, they have my money and I don't have anything. 

If there is a class action lawsuit against BRIC and HBM Empreendimentos Inmobiliarions (the developers and builders) I would like to know more information about it and include myself, as I feel ripped off by these people.

Please give me more information regarding who I should contact, where to write, etc.  My email: (((Redacted)))

TO WHOM IT MAY CONCERN



I, Janaka Senevirathne, as the Managing Director of BRIC MENA in Dubai would appreciate everyone concern note the below statement on behalf of the Company.



We, BRIC MENA took over the Coral Lake and Beach Resort Project after performing our own due diligence and after approval of the Real Estate Regularity Agency (RERA Dubai) in order to carry out the sales and markeing in this region. BRIC MENA is not the regional office of BRIC INVESTMENT but we were preferred agent of BRIC INVESTMENT to carry out marketing for them in MENA region. BRIC MENA is not owned by BRIC INVESTMENT. We, were the sole agent and introducer for the project for our clients since July 2011.



We have successfully completed number of transactions to our clients and many are in the process of getting their title deeds from the owner/developer which we are closely assisting in liaison with developer.



Sam Rodgers was with BRIC MENA but was not officially working for BRIC MENA. Sam was the regional director for coral lake and beach resort and he was responsible for the marketing and sales of the project. He was assisting BRIC MENA for setting up the marketing campaigns for Coral Lake and Beach Resort. BRIC MENA association with Sam was purely professional and his assistance amd expertise was sought by BRIC MENA in order to launch the campaigns successfully. He has worked with the project previously hence company thought his experience is valuable.



Since November 2011 Sam is no more associating with BRIC MENA. Sam rodgers is no way connected to BRIC MENA either by position or as a manager or as a partner. He was never running BRIC MENA or owned BRIC MENA.



We, BRIC MENA is not aware of where Sam is attached to now or his position. We witness that his personal and professional profiles in certain domains are still indicating that he is attached to BRIC MENA which we, BRIC MENA bluntly deny. We request Sam Rodgers to correct his current positions and update his personal and professional details in such domains.



Further, we BRIC MENA hereby mention that anyone dealing with Sam Rodgers assuming that he is associated with company is doing so with his/her risk and responsibility. We, BRIC MENA do not assume any responsibility whatsoever.



BRIC MENA have now taken on board excellent investments in Brazil, USA, Caribbean and UK where we would like our clients to benefit from. If anyone would like to discuss the current opportunities with us please call us on +971 4 4509822 or visit oue website www.bricmena.com



Thank you.



Janaka Senevirathne

Managing Director

BRIC MENA

Dubai

UAE

janaka@bricmena.com

+971 55 11 00 700

It's interesting to hear these reports of Sam and Dies (the correct spelling) as I happen to know that the Coral Lake & Beach Resort is still being sold.  I imagine the investigations were not successful.

Dies is still based in Marbella whereas Sam is now in Dubai running a company called BRIC MENA (which I assume is the Middle East/North Africa branch of BRIC Investments.)

I was approached by the company to invest in their marvellous 5* resort.  I asked to see pictures of the resort in it's current state and was told they don't have any???  Alarm bells started ringing at this point, particularly because they claim to have an office in that area of Brazil and I was told they'd owned the land for 3 years!!  

The guy that contacted me was a blatant liar, telling me facts about Brazil that once I'd researched were complete rubbish.

I've told all my friends and colleagues to avoid this company at all costs, especially because they're doing a huge exhibition this weekend (which according to a guy who works there is being done illegally as they haven't been giving work permits to their staff!!)

Avoid at all costs!!!  Your money will go into a black hole and never be seen again!!

There has been a great deal of speculation and many adverse comments on certain forums in recent months regarding the legitimacy of the above mentioned project. Many of these derogatory articles and comments confuse the ownership and marketing rights of the legal owners, with those of Venturis International who had previously marketed a part of this land as Coral Beach Resort.

Due to the nature of a forum ANYONE can comment on ANYTHING without the need for hard facts or proof. Conjecture and opinion drives the forums and unfortunately some less than content investors are often incited by anonymous loose cannons in the form of disgruntled employees and competitor agents/developers.

Some of these Anonymous Members feel the need to fuel the fires of contempt in order to discredit legitimate companies who have superior products. we also point out that you should read the terms and conditions of this forum.

The Land was purchased by the current owner, directly from the former owner of the land which, for your interest was not Venturis or anyone associated with them.

We entered into working partnerships with award winning architects in Brasil who came up with the conceptual and architectural designs for the project.

We and our partners boast an excellent international reputation, as do our Lawyers, who are one of the leading law companies in Brazil.

If anyone would like to know more about us and the project, please visit our website for the facts:

Total freehold ownership of the development
Full access roads to the development are legal
Planning permissions are in place
Semace reports are up to date
Environmental report by independent 3rd parties
Payments are made directly to the owner of the land

You can also read the full due diligence report in English

If you have any further questions regarding BRIC Investment phone (0034) 95281-0711 or by e-mail at info@bric-investment.com.