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 Appeal to I.N.D.I.A. from the DHFL Victims

Posted on 29/09/2023 (GMT 13:20 hrs) The Dewan Housing Finance Corporation Limited’s (DHFL: an AAA-rated NBFC) FD and NCD Holders, are suffering for the last three and a half years due to the biggest financial scam (before Hindenburg report) in post-Independent India due to the current ruling party’s involvement through terror-funding/political charity/political donation, which wereContinue reading “An Appeal to I.N.D.I.A. from the DHFL Victims”

Urging for Justice for the DHFL Victims: An Appeal to the Non-Godi Media

Posted on 29/09/2023 (GMT 08:50 hrs) Compiled by Debaprasad Bandyopadhyay and Akhar Bandyopadhyay We, the Dewan Housing Finance Corporation Limited’s (DHFL: an AAA-rated NBFC) FD and NCD Holders, are not at all surprised that all the Godi Media are reluctant to report⤡ the biggest financial scam in post-Independent India (before Hindenburg Report). However, we are surprised thatContinue reading “Urging for Justice for the DHFL Victims: An Appeal to the Non-Godi Media”

When a Victim has become a Culprit: Mr. Ajay Piramal Filed a Case against Dr. Debaprasad Bandyopadhyay

The blog post is a fervent open letter to Ajay Piramal, chairman of the Piramal Group, condemning the acquisition of Dewan Housing Finance Corporation Limited (DHFL) by Piramal Capital and Housing Finance Limited (PCHFL) through what it claims was a fraudulent Insolvency and Bankruptcy Code (IBC) resolution process. It targets Piramal of securing DHFL at a bargain (Rs. 34,250 crores against a Rs. 94,000 crore book value), devastating fixed deposit holders, NCD investors, and small stakeholders—many elderly or reliant on these funds—while alleging a nexus with the Bharatiya Janata Party (BJP), figures like Nirmala Sitharaman, and the Reserve Bank of India enabled this through crony capitalism. The letter highlights the human toll, with depositors facing financial ruin, and charges Piramal with using legal intimidation, including via DSK Legal, to suppress activism from groups like Once in a Blue Moon Academia (OBMA). Demanding justice, including full repayment with interest for DHFL victims, the post challenges Piramal’s philanthropist image as a hypocritical mask for exploitation, citing his professed adherence to the Bhagavad Gita as incongruent with his actions. It references legal precedents like the 63 Moons verdict and ongoing resistance efforts, blending financial analysis with moral outrage to argue that the resolution process violated natural justice, prioritizing corporate gain over retail investors. The letter positions itself within a broader campaign against corporate malfeasance, calling for accountability and restitution amidst claims of systemic corruption and regulatory failure.

An Open Letter to the Honourable King of the United Kingdom For Retracting Mr. Ajay Piramal’s CBE Award

Posted on 06/09/2023 (GMT 11:30 hrs) To His Majesty the King Honourable Charles Philip Arthur George, The Buckingham Palace, London SW1A 1AA, United Kingdom Sub: Requesting for Retracting Mr. Ajay Piramal’s Honorary CBE Award with Immediate Effect Your Majesty, First of all, we must bestow our grief in the memory of the late Queen. MourningContinue reading “An Open Letter to the Honourable King of the United Kingdom For Retracting Mr. Ajay Piramal’s CBE Award”

Tweets on DHFL Scam: Invisibly Visible?!

The blog post compiles and discusses a series of tweets related to the alleged Dewan Housing Finance Corporation Limited (DHFL) scam. The post highlights the author’s social media activity aimed at exposing what he describes as financial misconduct involving DHFL, now under Piramal Group ownership following its acquisition. It suggests that while these tweets are publicly posted, their impact or visibility remains limited—hence “invisibly visible”—reflecting frustration with the lack of broader attention or action. The content accuses DHFL and its new management of defrauding fixed deposit holders and other investors, linking the issue to systemic corruption and crony capitalism, and serves as a continuation of the author’s campaign to raise awareness and demand accountability, even in the face of mass censorship empowered by the crony ruling oligarchs of India.

Requesting for providing T.A. and Good Hospitality for Attending Court Proceedings: a letter to Piramal’s Legal Team

The blog post is a letter addressed to the legal team of Piramal Capital and Housing Finance Limited (PCHFL). It requests travel allowance (T.A.) and proper hospitality for fixed deposit holders who are compelled to attend court proceedings related to their ongoing disputes with PCHFL. The letter emphasizes the financial and emotional burden faced by these depositors, arguing that PCHFL should bear the costs of their court attendance since the company’s actions—or lack thereof—necessitated the legal action. Written in a tone of advocacy, it underscores the depositors’ hardships and seeks fair treatment amidst their fight for justice.

An Open Letter to Two Public Servants: Mr. R Subramaniakumar and Mrs. Charu Sandeep Desai

Posted on 23/07/2023 (GMT 17:15 hrs) Updated on 25/07/2023 (GMT 04.50 hrs) Dear Public Servants, Mr. R Subramaniakumar And Mrs. Charu Sandeep Desai, Phew! Who are you? From where are you coming from to poke your noses in the internal matter between the Wadhawan brothers and NCD-FD-holders of the DHFL? The Wadhawan brothers promised toContinue reading “An Open Letter to Two Public Servants: Mr. R Subramaniakumar and Mrs. Charu Sandeep Desai”