The article discusses the role of economic hitmen, as outlined by John Perkins, Eric Toussaint and other theorists, in manipulating developing nations for financial gain. These individuals exploit countries through excessive loans, leading to debt traps and policies favoring multinational corporations. The piece connects these actions to global economic institutions like the World Bank, IMF, and WTO, highlighting their influence in shaping neo-colonial economic systems. It also examines India’s neoliberal policies since the 1990s, citing key figures who facilitated these strategies.
Category Archives: Activities
Our current activities concentrate on the case of Dewan Housing Finance Corporation Limited (DHFL), India. While exploring and investigating this particular case, we have found that India’s crony ruling party, gangsters, banksters as well as religious gurus and institutions are involved in the same. Therefore, to break such collusion, we have decided to deploy an “all out attack” on the existing paradigm of neoliberal market economy as well as market fundamentalism. ***DISCLAIMER: We have collected all the data from available sources on the internet as given on the official portals of media houses, websites and institutions and organizations. We are not first-hand reporters and hence, we are not liable for any inadvertent error or value-loaded statements made on those portals. All propositions have to be viewed as descriptive assertions on the given point of concern.***
DHFL Scam: Who are Gaining from Such Surgical Strike?
The DHFL scam has caused massive financial losses for thousands of victims while benefiting select groups. Common citizens lost life savings, while influential business figures allegedly profited by acquiring assets cheaply by means of crony political connections. The healthcare sector and legal professionals gained from increased demand for services due to victims’ distress. Media outlets also capitalized on the scandal for coverage. The case raises concerns about systemic failures, lack of accountability, and the exploitation of financial crises for profit by powerful entities, calling for urgent reforms in regulatory oversight.
Frankly Speaking: An Informal Letter to Hon. CJI Sanjiv Khanna Regarding the DHFL Cases
The letter addresses Justice Sanjiv Khanna, urging the Supreme Court to take suo motu cognizance of the DHFL scam. It highlights the suffering of DHFL victims, calling attention to the failures in the resolution process under the Insolvency and Bankruptcy Code (IBC) and the disregard for their human rights. The authors, representing affected families, appeal for justice under Articles 14 and 32 of the Indian Constitution, stressing the need for distributive justice to resolve the ongoing crisis.
Haircuts: The Most Unkindest Cut of All! (A Satirical Skit)
The skit humorously explores the absurdity of two different “haircuts”—a financial disaster and a physical one. Y’s father loses his savings due to a bad investment as he narrates the episode to X, while Y follows his guru’s advice to donate all his hair to Lord Venkateswara at Tirupati. The skit critiques crony capitalism, government corruption, and the societal fixation on rituals, blending satire with social commentary as observed through X’s statements. It ends with Y realizing the futility of both haircuts and the systemic failures of the Indian state.
Calling the NHRC to Break the Silence on DHFL Victims: An Open Letter to Justice Ramasubramanian
An open letter dated January 11, 2025, addresses Justice V. Ramasubramanian, the newly appointed Chairperson of India’s National Human Rights Commission (NHRC), urging immediate action on behalf of victims of the Dewan Housing Finance Corporation Limited (DHFL) scam. The letter criticizes the NHRC’s previous dismissal of complaints from DHFL’s fixed deposit and non-convertible debenture holders, who suffered significant financial losses due to the company’s collapse. It argues that these grievances fall under human rights violations as per the United Nations Guiding Principles on Business and Human Rights, specifically concerning the right to an effective remedy. The letter also highlights India’s declining human rights record, referencing the NHRC’s delisting from the Global Alliance of National Human Rights Institutions in recent years, and calls for the Commission to uphold its mandate by addressing the injustices faced by DHFL victims.
Investor Alert: Beware of Piramal Group Stocks!
An article published on January 9, 2025, by Occupy Dalal Street advises investors to avoid shares of Piramal Pharma Ltd. and Piramal Enterprises Ltd., citing a history of controversies involving the Piramal Group. Allegations include insider trading in 2016, the Flashnet Scam in 2018, environmental extortion in Digwal in 2019, and connections to the Electoral Bonds Scam and the DHFL Scam in 2021. The article also criticizes the merger of Piramal Capital & Housing Finance Ltd. with Piramal Enterprises Ltd., suggesting it was intended to obscure accountability. Investors are urged to consider these factors before investing in these companies.
An Open Letter to Shri Ajit Doval: Addressing the Menace of Superrich Wilful Defaulters
The open letter to Shri Ajit Doval, India’s National Security Advisor, highlights the escalating issue of superrich wilful defaulters undermining the nation’s economic stability. It contrasts the swift penalties faced by ordinary citizens for minor loan defaults with the impunity enjoyed by affluent defaulters, who collectively owe approximately ₹90,000 crore. Public Sector Unit (PSU) banks have written off substantial sums, including ₹68,000 crore during the second wave of COVID-19, raising concerns about financial governance and equity. Despite Red Notices from the National Crime Bureau, international actions, particularly by Interpol, have been ineffective, allowing individuals like Vijay Mallya, Nirav Modi, and Mehul Choksi to evade justice abroad. The letter calls for comprehensive structural reforms to ensure accountability, transparency, and the protection of public funds.
The House of Cards: The DHFL Debacle (MOVIE)
This agit-prop short film chronicles the origins of the DHFL scam, unraveling the layers of corruption and systemic failures that enabled one of India’s largest financial frauds. It delves into the root causes of the hardships endured by financially abused DHFL victims, exposing the exploitative mechanisms behind the so-called ‘bankruptcy’ and ‘insolvency’ narratives surrounding the AAA-rated NBFC DHFL. The film critically examines the unanswered questions that continue to haunt ordinary citizens, whose hard-earned savings were sacrificed at the altar of crony capitalism, facilitated by a regime deeply intertwined with the super-rich elite and their corporate allies. Yet, amidst the bleak revelations, the film concludes with a glimmer of hope. It envisions the power of collective struggle—a united front spanning both national and global arenas, taking shape on the streets and resonating across social media platforms. This cinematic effort by OBMA stands as a resolute call for justice in its truest sense, urging viewers to engage, resist, and advocate for accountability and systemic change. LIKE, SHARE, COMMENT AS MUCH AS POSSIBLE!
Seeking the “Truths” about Indian Geopolitical Boundaries: Massacres of Cartography
The article critiques discrepancies in India’s geopolitical maps, particularly concerning border disputes with China and Pakistan. It discusses how different countries’ maps depict these boundaries and examines India’s struggle to assert territorial integrity amidst international disputes. The piece also explores the ideological conflict between national sovereignty and the push for a homogenized Hindu identity, as advocated by the BJP, amid tensions over territorial control. The article highlights both diplomatic issues and internal political challenges.
Call for an In-Depth Probe into Alleged Underworld-BJP Ties in the DHFL Scam: An Open Letter to Shri Ajit Doval
An open letter dated January 1, 2025, addressed to India’s National Security Advisor, Shri Ajit Doval, calls for a thorough investigation into alleged connections between the underworld, the Bharatiya Janata Party (BJP), and the Dewan Housing Finance Corporation Limited (DHFL) scam. The letter references media reports, including a 2019 exposé by Cobrapost titled “DHFL: The Anatomy of India’s Biggest Financial Scam,” which suggest links between figures such as Dawood Ibrahim, the late Iqbal Mirchi, Chhota Shakeel, RKW Developers (Dheeraj Realty), DHFL, and the BJP. The authors express concern over the lack of response to Right to Information (RTI) requests on the matter and note the BJP’s silence regarding these serious allegations. They urge Shri Doval to investigate the issue to uncover the truth and deliver justice to the numerous victims of the DHFL scam, including senior citizens, widows of retired Indian army personnel, physically challenged individuals, and employees of the Uttar Pradesh Power Corporation Limited (UPPCL), who have suffered significant financial losses.
Once in a Blue Moon Academia 