SOS Intimation regarding Infringement of Business-Related Human Rights of Indian Citizens in the DHFL Scam: A Letter to the OHCHR (UN)

Posted on 25th June, 2024 (GMT 16:15 hrs) Introduction: Few of the OBMA activists sent this letter to the Office of the High Commissioner for Human Rights (OHCHR), United Nations, intimating the said international body regarding the status and briefing of the DHFL Scam as a case of financial abuse in a summarized manner onContinue reading “SOS Intimation regarding Infringement of Business-Related Human Rights of Indian Citizens in the DHFL Scam: A Letter to the OHCHR (UN)”

Who are the Money-Mongers in India: Hindutvavadins or Muslims?

The article investigates the economic dimensions of communal narratives in India, specifically challenging the Hindutva-driven stereotype of Muslims as “money-mongers” or economic threats. Employing a socio-economic and historical analysis, the author debunks myths of Muslim wealth accumulation, tracing such tropes to colonial-era policies and post-independence Hindutva propaganda. The article contrasts the economic marginalization of Muslims—evidenced by their underrepresentation in formal employment, lower per capita income, and exclusion from financial systems—with the significant corporate and political wealth amassed by Hindutva-aligned elites, including RSS-affiliated organizations and BJP-linked business tycoons. It argues that Hindutva’s economic nationalism masks crony capitalism and diverts attention from systemic inequities. The piece calls for dismantling communal stereotypes through data-driven discourse and equitable economic policies to foster social cohesion.

‘Educate, Agitate, Organize!’: OBMA Video Report-IV

The article is a motivational appeal to the victims of the DHFL (Dewan Housing Finance Corporation) scam, urging them not to lose hope in their struggle for justice. It criticizes the RBI-appointed Committee of Creditors (CoC) and the political machinery for exploiting victims. The piece encourages victims to engage in non-violent civil disobedience, utilizing all available means to resist, and emphasizes that the struggle is a political battle that requires persistence and collective action.

On the RBI-Appointed CoC for DHFL: OBMA Video Report-III

The video discusses the role of the RBI-appointed Committee of Creditors (CoC) in the DHFL insolvency case, criticizing the CoC’s handling of the resolution process. It argues that the process was biased, particularly favoring Ajay Piramal over other bidders. The video highlights the exclusion of DHFL’s original promoters and alleges that the CoC neglected the interests of fixed deposit and NCD holders. It also questions the legality and ethicality of the CoC’s actions and calls for accountability.

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

The article discusses various allegations and controversies involving Ajay Piramal, including insider trading, environmental violations, and questionable acquisition practices in the DHFL case. It highlights his ability to obtain favorable legal outcomes, potential political connections with the BJP, and scrutiny over financial dealings. The piece suggests that Piramal’s influence and political support have shielded him from consequences.

Role of BJP in the DHFL Scam: OBMA Video Reports-I

The article explores the alleged involvement of the BJP in the DHFL scam, highlighting potential connections between Ajay Piramal and the party, including political donations and the Flashnet scam involving Piyush Goyal. It suggests a quid pro quo relationship where political donations were reciprocated with favors. The report also mentions accusations linking DHFL with terror funding via Dawood Ibrahim, late Iqbal Mirchi et al., and questions about transparency in financial dealings, particularly regarding donations to BJP through electoral bonds. The piece calls for a political critique of these issues.

Scrap Ill-conceived Insolvency and Bankruptcy Code (IBC), 2016!

The article advocates for the scrapping of the Insolvency and Bankruptcy Code (IBC) 2016, arguing it is flawed and detrimental to the Indian economy. Key points include:
Ineffectiveness in Recovery: The IBC has failed to effectively recover bad debts, with a low recovery rate that falls short of expectations.
Erosion of Value: The resolution process under IBC often leads to significant value erosion of the assets involved, harming creditors.
Lengthy and Costly Process: The IBC process is criticized for being time-consuming and expensive, burdening businesses and the judiciary.
Negative Impact on Credit Flow: The IBC has disrupted the credit flow to the economy, as banks become more risk-averse due to the possibility of lengthy insolvency proceedings.
Encouragement of Crony Capitalism: The code has allegedly facilitated the takeover of valuable assets by a few entities at low prices, leading to concerns about crony capitalism.
The article concludes that the IBC should be scrapped in favor of a more effective and equitable system for resolving insolvency and bankruptcy issues.
#Scrap_IBC,
#Seize_Cronies_Fairplay_for_DHFL_Victims,
#DHFL_Scam,
#Penalize_RSubramaniakumar_CharuDesai_from_DHFL_COC #Scrap_RBI_appointed_COC_for_DHFL,
#Resign_RBI_GOV_Shaktikanta,
#RBI_Appointed_CoC_for_DHFL_ReturnYourFees,
#alleged_dawood_mirchi_rkw_dhfl_bjp_collusion,
#Financial_Abuse_By_RBI_CoC_AjayPiramal,
#Flashnet_Scam,
#Down_With_Saffron_Fascism,
#art_of_resistance_against_autocracy,
#ajay_piramal_alleged_insider_trader,
#Dear_Piramal_I_Wanna_be_Defamator,
#Ajay_Piramal_The_Environment_Terrorist,
#Occupy_Internet_to_Occupy_Cronies,
#Dear_Ajay_Piramal_I_wanna_be_arrested,

Immediately Resolve the DHFL Scam Victims’ Demands! A Letter to Mr. Piyush Goyal, the friend of Mr. Ajay Piramal

The authors address the attention of Piyush Goyal, Minister of Commerce & Industry in the Indian government, urging immediate redress for the victims of the Dewan Housing Finance Corporation Limited (DHFL) scam. They contend that the appointment of Ajay Piramal – a significant donor to the ruling Bharatiya Janata Party (BJP) through electoral bonds – as the party favoured acquirer in the DHFL resolution exemplifies crony-capitalism and signals a grave institutional failure. The letter highlights evolving legal irregularities in the resolution process, including unresolved cases and contradictory public claims regarding ownership of DHFL, pointing to the broader erosion of regulatory and democratic accountability under a dominant majoritarian regime. Through a tone of moral insistence and democratic urgency, the authors, writing on behalf of FD (fixed deposit) and NCD (non-convertible debenture) holders, demand prompt governmental intervention to halt further injustice against middle-class investors. They frame the DHFL saga as symptomatic of a deeper crisis of state–capital nexus, demanding that the minister respond to these citizen-victims and reinforce the rule of law.