The article critically examines the alleged political and financial nexus between industrialist Ajay Piramal and the Bharatiya Janata Party (BJP), suggesting a quid pro quo arrangement. It highlights the 2018 Flashnet scam, where Piramal Group’s acquisition of Flashnet Info Solutions at an inflated price coincided with Union Minister Piyush Goyal’s appointment, raising questions about potential political influence. Additionally, the piece discusses Piramal’s significant electoral bond contributions to the BJP and his acquisition of Dewan Housing Finance Corporation Limited (DHFL) at a substantial discount, alleging preferential treatment facilitated by political connections. The article also touches upon environmental concerns related to Piramal’s industrial activities and the use of legal measures to suppress dissent, portraying a pattern of corporate-state collusion undermining democratic accountability.
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.***
The Tussles of David and Goliath: Crony Oligarch vs Financially Abused
Posted on 01/01/2024 (GMT 18:15 hrs) I. David vs Goliath: The Background Let us start with a story from the Old Testament (Book of Samuel): Once there were two tribes of people, known as the Israelites and the Philistines. Due to being enemies, they planned a large battle against each other and assembled their armies.Continue reading “The Tussles of David and Goliath: Crony Oligarch vs Financially Abused”
Andher Nagri Choupat Raja
Dark City, Bankrupt King Posted on 27/12/2023 (GMT 11:35 hrs) Ravindra Mahidhar Before the Lok Sabha elections in the year 2014, we, the Indian citizens, were shown very big, bright and colourful dreams with the help of the election slogan “Achhe Din Aanewale Hain” (The Good Days are about to come!) by the BJP. However,Continue reading “Andher Nagri Choupat Raja”
Ajay Piramal’s Wiki: Washing Machine?
The article “Ajay Piramal’s Wiki: Washing Machine?” critically examines the absence of significant controversies involving Ajay Piramal from his Wikipedia page, suggesting potential bias or censorship. It highlights allegations such as insider trading in 2016, involvement in the Flashnet scam of 2018, and the controversial acquisition of Dewan Housing Finance Corporation Limited (DHFL), where Piramal allegedly obtained assets worth ₹45,000 crore for just ₹1. The piece questions whether these omissions are due to Piramal’s affiliations with influential figures like Mukesh Ambani and his substantial donations to the Bharatiya Janata Party (BJP), implying a possible quid pro quo arrangement. The article also critiques the role of Wikipedia in potentially suppressing information that could tarnish the reputations of powerful individuals, thereby questioning the platform’s neutrality and credibility.
DHFL the (N)BFC, RBI’s Decree and the “Bad Precedent” (?)
Posted on 22/12/2023 (GMT 11:30 hrs) Updated on 27/06/2024 (GMT 19:16 hrs) In continuation with I. THE TRAJECTORY OF METAMORPHOSIS: THE TALE OF NBFCs We had earlier asked the following question to the Department of Economic Affairs through our RTI dated 21/10/2023: Was the Dewan Housing Finance Corporation Limited (DHFL) under the Reserve Bank ofContinue reading “DHFL the (N)BFC, RBI’s Decree and the “Bad Precedent” (?)”
Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge
Posted on 19/12/2023 (GMT 16:45 hrs) To Mr. Mallikarjun Kharge, The Honourable President, Indian National Congress (INC) Sub: Soliciting for Annihilating the Suffering of the DHFL Victims Respected Mr. Kharge, It is to be remarked that we are thoroughly inspired by your ardent dedication to the cause of revered Babasaheb’s radical “annihilation of caste” programmeContinue reading “Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge”
Unveil the Transparently Opaque, Irregular Resolution Process and Bidding of the DHFL: An Appeal to the Highest Bidder Oaktree Capital
The article appeals to Oaktree Capital, urging them to take legal action against the allegedly opaque and biased resolution process of Dewan Housing Finance Corporation Limited (DHFL), which favored the Piramal Group. The authors, representing DHFL victims, accuse the RBI-appointed Committee of Creditors of irregularities and favoritism. They request Oaktree to expose these inconsistencies and consider filing a case at the Singapore International Arbitration Centre, aiming to protect the interests of DHFL’s depositors and other stakeholders.
Legitimizing Bribery: Electoral Bonds and the Fall of Economic Justice
Posted on 10/12/2023 (GMT 18:58 hrs) Updated on 02/01/2024 (GMT 07:37 hrs) Some persons are alleging that OBMA is not seriously approaching the Hon’ble Supreme Court of India for the speedy resolution of the Dewan Housing Finance Corporation Limited (DHFL) scam. This blame-game is coming from those, who did not even care to spend aContinue reading “Legitimizing Bribery: Electoral Bonds and the Fall of Economic Justice”
An RTI to the Supreme Court of India on Behalf of DHFL Victims for Resolving the Pending Cases
Posted on 10/12/2023 (GMT 16: 54 hrs) Updated on 10/02/2024 (GMT 13:55 hrs) In continuation to the online mass petition⤡ of the DHFL victims for suo moto cognizance on 15th May, 2023, we have also personally sent a mass appeal⤡. Some of the DHFL victims, who are part of the OBMA platform, sent snail mailsContinue reading “An RTI to the Supreme Court of India on Behalf of DHFL Victims for Resolving the Pending Cases”
Dear Mr. Ajay Piramal, I Wanna Be Arrested!
The article “Dear Mr. Ajay Piramal, I Wanna Be Arrested!” is a satirical open letter addressed to Ajay Piramal, chairman of the Piramal Group. The author humorously and dramatically expresses a desire to be arrested, likely as a form of protest or critique, though specific reasons remain vague. The tone mixes sarcasm and frustration, aiming to provoke rather than inform.
The letter references previous communications and legal documents indicating that the author has allegedly hampered Mr. Piramal’s business and goodwill. The author, along with nearly 200,000 NCD and FD holders of DHFL, claims to have lost their hard-earned money due to Mr. Piramal’s performance in the bidding of DHFL. The author criticizes Mr. Piramal’s actions, describing them as a “vaisnava-like performance” and expressing discontent with the situation.
The letter concludes with a request for Mr. Piramal to continue his legal battle against the author, viewing it as a form of resistance and a means to bring attention to the issues at hand. The author expresses willingness to be a martyr for the cause of suffering humanity, highlighting the perceived injustices and the desire for change.
Once in a Blue Moon Academia 