Mr. Ajay Piramal and the DHFL Scam: OBMA Video Reports-II

Posted on 20th June, 2024 (GMT 11:48 hrs)

View the video-report as follows (HEADPHONES HIGHLY RECOMMENDED):

Transcript

• As far as we know, while talking about Mr. Ajay Piramal’s previous (mis-)deeds, we have come to note some points stretched across the past decade or so:
• Mr. Piramal is an alleged insider trader (2016) as alleged by the SEBI, which was later set aside by the SAT.
• He is an environmental terrorist (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected. In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022). Buying 45k crore worth of assets by paying only a rupee; Avoiding the NCLT order (19.05.2021) and NCLAT order (27.01.2022) on the DHFL case that made your resolution plan nearly “null and void”, and instead getting speedy “stay orders” to stop the progression of these verdicts. After the aforementioned NCLT order, Piramal and/or the DHFL-CoC did not even bother to answer the court about the erstwhile promoters’ full settlement proposal, which borders on a possible “contempt of court”, according to these so-called “victims”. Some people have also accused you for “adverse possession” of the DHFL, who trespassed many legal boundaries by mere political aid and have forcibly acquired the DHFL based on the lowest quasi-judicial body’s verdict. He is possibly involved in contempt of court during the DHFL resolution process by ignoring NCLT’s first verdict (19/05/2021) and skipping the points raised by the NCLAT second order (27/01/2022). 
• He was involved in Flashnet Scam, 2018 (though Mr. Piramal was ready to defame The Wire, who first exposed the scam, for reporting the same, but till date: no such step has been taken by him)
• No more a clean slate: It was not long when Piramal Group 2,000 crore loan to the Omkar developers was probed by the ED. ED prob into Piramal Group’s Rs 2,000 crore loan to Omkar Developers (As reported on 15th May, 2021 ©Express Post).
• However, as always, Mr. Piramal managed to get speedy justice for himself in this case as well: HC restrains ED from taking coercive steps against Piramal assets (As reported on 22nd August, 2022 ©The Economic Times)
• Recently on 04.04.2024, SEBI pulls up Piramal Enterprises with regard to sale of its 8.34 per cent stake in Shriram Finance (As reported on 5th April, 2024 ©The Telegraph)
• One of Piramal’s websites got hacked by the Ransomware software of the BianLian team, whereby Piramal Group got enlisted as the “victim” of such a cyber-attack.
• Despite all these “shortcomings” and “setbacks” in his business career, Piramal never fails to utilize an opportunity to show his affection for the Bharatiya Janata Party, the current (for how long?) ruling party of India. With the exposé of the Electoral Bonds, we have also come to note that Mr. Ajay Piramal donated 85 crores to the BJP through electoral bonds: Electoral bonds: 33 loss-making firms donated Rs 582 crore, 75% went to BJP, says report (As reported on 4th April, 2024 ©Scroll)
• Given this “ring of fire” of controversies that encircle Mr. Ajay Piramal’s business-world at this juncture, we can very well conjecture that without the massive amount of political support he is receiving from the BJP, he would have possibly been reduced to a mere “nobody”.
• Our Mr. Ajay Piramal appears to be “Pound Wise but Penny Foolish”!!!