A Sympathetic Note to the CBE Paramavaiṣṇava Ajay Piramal

The authors address Ajay Piramal in a seemingly supportive tone, while deploying layered irony to critique his entanglement in political, legal and ethical controversies. They highlight his large electoral-bond donation (₹85 crore) to the Bharatiya Janata Party (BJP) and connect it to his business-state nexus, posing the question of whether such “political charity” is altruistic or effectively bribery. They raise allegations of insider trading (noted by the Securities and Exchange Board of India and the Securities Appellate Tribunal), environmental damage at the Digwal plant in Telangana, consumer mis-promises by his real-estate arm, and, most significantly, his role in the resolution of Dewan Housing Finance Corporation Limited (DHFL) where the authors argue small depositors and NCD holders were sidelined while his group allegedly benefitted. The tone shifts between a personal “sympathetic” appeal (invoking his spiritual associations) and a sharper critique (emphasising legal stays, defamation suits, and the “victims’” discontent). Ultimately the piece situates Piramal as a case-study of how entrepreneurial philanthropy, political proximity and regulatory capture can converge to undermine accountability and social justice.