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.
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.***
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.
The “Great” Indian Heist: Exposing the Crony Bloodsuckers
The article exposes systemic corruption and financial mismanagement in India’s banking sector, highlighting massive loan write-offs totaling ₹12.3 lakh crore over a decade, primarily benefiting corporate defaulters. Despite these write-offs, recoveries remain abysmally low, raising concerns about regulatory oversight and political complicity. The top wilful defaulters owe nearly ₹2 lakh crore, with key figures like Mehul Choksi escaping accountability. The report emphasizes the urgent need for transparency, accountability, and reform to protect public funds from systemic exploitation.
Challenging the IBC: No Shortcuts, No Surrenders! (DIGITAL POSTERS)
This collage of posters emphasizes the need for unwavering determination in challenging the Insolvency and Bankruptcy Code (IBC) without resorting to compromises or half-measures. It highlights the DHFL case as a crucial battleground, where systemic flaws in the IBC must be exposed to prevent exploitation by powerful corporate players. The message is clear: true justice demands resilience, not convenient shortcuts. The posters are intended to inspire collective action and raise awareness about the broader implications of this struggle.
Silent Chains: The Unraveling of Justice in India’s Human Rights Struggles
The article discusses India’s deepening human rights struggles, highlighting systemic failures such as the financial abuse faced by DHFL victims, the weakening of the National Human Rights Commission (NHRC), and increasing state repression. It paints a bleak picture of diminishing freedom, from economic exploitation to a crackdown on dissent, exacerbated by biased government institutions. The piece critiques India’s slipping global human rights rankings and the silencing of civil society, reflecting on the devastating consequences for ordinary citizens in a fractured democracy.
The DHFL Victims’ Thanksgiving
The article expresses gratitude from the DHFL victims to various entities that have supported their cause. It acknowledges the role of 63 Moons Technologies, Moneylife, Supriya Shrinate, and Rahul Gandhi in highlighting legal and financial irregularities in the DHFL resolution process. It also raises concerns about cronyism and political influence in the case, particularly with ties between the BJP and financial magnates. Despite awaiting a Supreme Court verdict, the article emphasizes the victims’ commitment to justice, regardless of the outcome.
Piramal the King of (De)Mergers: Cat/Mārjāra is Out of the Bag!
The blog post critiques Ajay Piramal’s business strategies, labeling him a “Chameleon King” for repeatedly using mergers, demergers, and rebranding to evade accountability. It highlights his corporate history, including acquisitions in the pharma sector and controversial actions in housing finance, such as the acquisition of DHFL during its insolvency proceedings. The post accuses Piramal of exploiting legal loopholes, obscuring past misconduct, and profiting while avoiding regulatory scrutiny. Key examples include the environmental violations in Digwal, Telangana, which was followed by the demerger of Piramal Pharma, and alleged irregularities in discounted DHFL loans benefiting entities linked to Piramal. The post criticizes his reliance on legal stays to delay unfavorable rulings, branding this pattern as a tactic to sidestep responsibility. Ultimately, it calls out Piramal’s strategies as manipulative corporate maneuvers that undermine public trust and regulatory oversight, while benefiting from political connections and systemic gaps in accountability.
Once in a Blue Moon Academia 