![]() | |
Industry | Vanity awards |
---|---|
Founded | 1986 |
Headquarters | Madrid, Spain. |
Key people | Jose E. Prieto, President and CEO |
Website |
www |
Business Initiative Directions (BID) is a Madrid-based organisation selling what the Center for Investigative Reporting and the Organized Crime and Corruption Reporting Project (OCCRP) have called "meaningless international awards", more widely known as " vanity awards". [1]
Jose E. Prieto is the president and CEO of Business Initiative Directions. [2] He founded the company in the US and Spain in 1986, after which it expanded to Europe. [3] The company says it is focused on the principles of the Total Quality Management movement. [3]
BID market a number of awards:
The Center for Investigative Reporting and the Organized Crime and Corruption Reporting Project (OCCRP) have called the awards "meaningless". [1]
Sri Lanka's Honorary Consul in Spain said that BID was possibly a scam company. [8] The Spanish Consulate in Mumbai stated BID was a fraudulent company. [8] [9]
Botswana's Consumer Watchdog reported that the "so-called 'World Quality Commitment Convention', run by 'Business Initiative Directions' is remarkably similar to the equally ridiculous Bizz Awards scam we exposed some months ago." [10]
{{
cite web}}
: |author=
has generic name (
help)
{{
cite web}}
: |author=
has generic name (
help)
In verifying the authenticity of the company, BID, we inform that after out investigation, the data matches except for the phone number ensuring that BID is a fraudulent company.
The Spanish Consulate in Mumbai said BID was a fraudulent company and the Honorary Consul for Sri Lanka in Barcelona Agustin Llanas called BID a spam company that sells awards.