The article chronologically outlines key controversies involving Ajay Piramal, especially focusing on allegations of insider trading and political influence. In 2016, SEBI found Piramal and Piramal Enterprises guilty of insider trading and fined them ₹6 lakh, but this penalty was later overturned by the Securities Appellate Tribunal in 2019. The piece also highlights Piramal’s controversial acquisition of a firm linked to BJP minister Piyush Goyal in 2018, which raised concerns about a conflict of interest—despite his refusal to clarify the deal and issuing legal threats against journalists . The article implies that these regulatory and media pushbacks were neutralized through political connections, allowing Piramal to avoid substantive repercussions, even though critics likened his position to being “more equal than others.”