Why are Godi Media reluctant to report on the biggest financial scam: DHFL?

Posted on 08/11/2022 Updated on 18/02/2023 I. What do we mean by “Godi Media”? Godi media (Hindi pronunciation: [ɡoːdiː]; lit. ’media sitting on lap’; idiomatic equivalent: ‘lapdog media’;) is a pejorative term coined and popularized by NDTV journalist Ravish Kumar, the face of fourth and fifth pillars of democracy in India at present, for the sensationalist and biased Indian print and TV news media, which supportsContinue reading “Why are Godi Media reluctant to report on the biggest financial scam: DHFL?”

Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process: LETTERS TO THE CVC, CBI, ED, NIA

Posted on 06/11/2022 Updated on 09/12/2022 We have sent the following letters to the Central Vigilance Commission, Central Bureau of Investigation, Enforcement Directorate and the National Investigation Agency: LETTER TO THE CVC: ToThe Central Vigilance Commissioner,Central Vigilance Commission of India,Government of IndiaSub: Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process  Dear Sir,  ItContinue reading “Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process: LETTERS TO THE CVC, CBI, ED, NIA”

Why do we need the Buddha beyond the Sangh?

The article “Why We Need the Buddha Beyond the Sangh” argues for a broader, more universal engagement with Buddhist teachings beyond the confines of traditional*** religious ***
communities (Sangh). It emphasizes the relevance of the Buddha’s core principles—compassion, mindfulness, and liberation from suffering—in addressing contemporary global challenges. The author advocates for adapting these teachings to modern contexts, making them accessible to diverse populations, and fostering personal and societal transformation without rigid institutional frameworks.

Piramal is more equal than the other 98%!

Posted on 31/10/2022 DISCLAIMER: The allegations and claims outlined in this article are subject to ongoing judicial review and investigation, with many issues remaining sub judice. Readers should refrain from forming definitive conclusions due to the absence of conclusive evidence. OBMA has always mindfully used cautious and legally accurate language, employing terms such as “alleged,” “reported,”Continue reading “Piramal is more equal than the other 98%!”

FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE CoC FOR DHFL: THIRD COMPLAINT TO THE NHRC

Posted on 25/10/2022 Updated on 04/11/2022 Following our previous two consequent complaints to the NHRC against the Apex Court of India and the RBI respectively ⤡ ⤡, on 25/10/2022, another complaint (Diary No. 17904/IN/2022, Case No. 4916/25/15/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rightsContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE CoC FOR DHFL: THIRD COMPLAINT TO THE NHRC”

FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE RBI: SECOND COMPLAINT TO THE NHRC

Posted on 25/10/2022 Updated on 04/11/2022 Following our previous complaint to the NHRC against the Apex Court of India⤡, on 25/10/2022, another complaint (Diary No. 17901/IN/2022, case no. 4642/25/5/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rights (as guaranteed by the United Nations GuidingContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE RBI: SECOND COMPLAINT TO THE NHRC”

FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC

Posted on 25/10/2022 Updated on 15/02/2023 On 24/10/2022, a complaint (Diary No. 17826/IN/2022; Reg. No. 5399/90/0/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rights (as guaranteed by the United Nations Guiding Principles under the purview of international law) in the contextContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC”

How Savage Capitalism works in India

Posted on 23/10/2022 A CASE STUDY OF THE DHFL SCAM ·      Competing capitalists: HDFC, Reliance Nippon vs Dewan Housing Finance Corporation Limited (DHFL) ·      Mr. Ajay Piramal⤡, relative of politically favoured tycoon Mr. Mukesh Ambani, has got the ownership of DHFL (?) by committing the contempt of court, viz., ignoring NCLT First order and NCLAT Second Order⤡. ·      Mr. Piramal’sContinue reading “How Savage Capitalism works in India”

THE CHRONOLOGY OF THE DHFL SCAM

The article outlines the timeline of the DHFL scam, one of India’s largest financial frauds, involving the Wadhawan brothers who allegedly diverted over ₹30,000 crore through shell companies and fraudulent loans, some linked to criminal entities. Despite repeated allegations and forensic audits uncovering fake accounts under government housing schemes, DHFL maintained high credit ratings until it defaulted in 2019. The RBI intervened, and insolvency proceedings followed. Eventually, the Piramal Group acquired DHFL under questionable circumstances, even though competing bids offered more value. Courts upheld the resolution plan, the Wadhawans were given a clean chit in early 2025, but lakhs of depositors remain uncompensated, raising concerns about regulatory lapses, political shielding, and systemic injustice.