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.***

Stray Thoughts on The Biggest Financial Scam in India: DHFL

Posted on 04/07/2023 (GMT 08:05 hrs) Updated on 04/07/2023 (GMT 15:10 hrs) INTRODUCTION: Has anyone ever heard of the incident of losing FD-holders’ money in the post-independent India? Especially after the nationalization of banks in 1969? However, in the Mo-Shah (Phonetically equivalent to non-vertebrate mosquitoes) regime, we have seen this unprecedented case of non-risky investmentsContinue reading “Stray Thoughts on The Biggest Financial Scam in India: DHFL”

Ajay Piramal “Victimized”: The Question of Ethical Hacking (?)

Posted on 04/07/2023 (GMT 05: 30 hrs) Updated on 04/07/2023 (GMT 12:02 hrs) Some DHFL victims, who are relentlessly fighting in the expensive court of law, branded OBMA’s efforts as merely a “keyboard war” and we were branded as “keyboard warriors”. It is difficult for a non-tech savvy senior citizen to understand the contemporary modeContinue reading “Ajay Piramal “Victimized”: The Question of Ethical Hacking (?)”

(S)talking Ajay Piramal: Letter From a Defamer

The blog post is a provocative open letter addressed to Ajay Piramal, chairman of the Piramal Group. Written in a satirical and confrontational tone, it accuses Piramal of alleged unethical business practices, particularly in relation to the acquisition of Dewan Housing Finance Corporation Limited (DHFL), which the author claims has harmed fixed deposit holders and other stakeholders. The letter frames the author as a self-proclaimed “defamator” who is intentionally challenging Piramal, alleging financial misconduct and cronyism tied to political influences. It critiques Piramal’s public image as a philanthropist and follower of spiritual values, suggesting a disconnect between his persona and actions, and vows to persist in exposing these perceived injustices through ongoing “web-based civil disobedience.”

OBMA’s Web-Based Civil Disobedience Movement: An Open Letter to Mr. Ajay Piramal

The article is a direct address to Ajay Piramal, chairman of Piramal Capital and Housing Finance Limited (PCHFL). Written in a formal yet assertive tone, it outlines the authors’ campaign, described as a “web-based non-violent civil disobedience movement” (abbreviated as OBMA), against PCHFL’s acquisition of Dewan Housing Finance Corporation Limited (DHFL). The authors accuse PCHFL of engaging in questionable practices during the DHFL resolution process, which they claim disadvantaged DHFL’s creditors, depositors, and investors while benefiting Piramal’s conglomerate. They frame their online criticism—targeting Piramal and his company—as a legitimate exercise of free speech aimed at exposing crony capitalism and seeking justice for DHFL victims. The letter addresses PCHFL’s legal notices, issued through DSK Legal, as an attempt to suppress dissent rather than refute the allegations. The authors emphasize their resolve to continue the movement despite legal threats, positioning it as a moral stand against corporate overreach and a call for transparency and accountability in the DHFL case.

Who is to be Defamed: Piramal CHFL or the DHFL Victims?

The article examines the ongoing conflict between Piramal Capital and Housing Finance Limited (PCHFL) and critics, including the authors, who oppose the company’s acquisition of Dewan Housing Finance Corporation Limited (DHFL). Written in a serious and analytical tone, it questions the legitimacy of PCHFL’s defamation claims against the authors for their online criticism, which highlights alleged misconduct in the DHFL resolution process. The authors argue that the true victims are the DHFL stakeholders—creditors, depositors, and investors—who suffered financial losses, rather than PCHFL or its chairman, Ajay Piramal, who they accuse of benefiting from an opaque and unfair takeover. The piece positions the authors’ dissent as part of a “web-based civil disobedience movement” against crony capitalism, asserting that PCHFL’s legal notices, issued via DSK Legal, aim to silence accountability rather than address the grievances of those affected. It challenges the narrative of reputational harm to PCHFL, suggesting that the company’s actions, not the critics’, warrant scrutiny, and frames the legal battle as a distraction from the broader injustice faced by DHFL victims.

Piramal’s “(Il)legal” Operations Not Found On Wiki

Posted on 13/06/2023 (GMT 10:00 hrs) Updated on 23rd November, 2025 (GMT 06:30 hrs) An account of Mr. Ajay Piramal’s (il)legal possession of the DHFL with reference to his previous (mis-)deeds: https://www.slideshare.net/AkharBandyopadhyay/piramals-illegal-operationspptx-258395496 For a comprehensive overview and analysis of Ajay Piramal’s purported controversies and shortcomings throughout his business career, please refer to the following:

An Old Sinner? the deeds of a  paramavaiṣṇava, Ajay Piramal

Posted on 06/06/2023 (GMT 16:45 hrs) 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 suchContinue reading “An Old Sinner? the deeds of a  paramavaiṣṇava, Ajay Piramal”

HOW TO MAKE AN ONGOING SOLVENT COMPANY INSOLVENT: DECEPTIVE AUDITING (?) OF THE DHFL

Posted on 02/o6/2023 (GMT 14.20 hrs) Updated on 08/06/2023 (GMT 15:40 hrs) “If Wittgenstein is to be believed, mathematics is a practice, performance of a community. For Wittgenstein, communalism of mathematics is determined by the communities’ convenience and necessity.  In case of Economics, I can write “3 goats= 1 cow or “one apartment= $ 200000”Continue reading “HOW TO MAKE AN ONGOING SOLVENT COMPANY INSOLVENT: DECEPTIVE AUDITING (?) OF THE DHFL”

AN APPEAL TO THE DHFL FD & NCD HOLDERS FROM A CONDEMNED FAMILY

Posted on 30/05/2023 (GMT 18:16 hrs) Updated on 02/09/2023 (GMT 19:03 hrs) ॐ सह नाववतु ।सह नौ भुनक्तु ।सह वीर्यं करवावहै ।तेजस्वि नावधीतमस्तु मा विद्विषावहै ।ॐ शान्तिः शान्तिः शान्तिः ॥ Om, Together may we two Move Together may we two Relish,Together may we perform with VigourMay what has been Studied by us be filled with the Brilliance; May it Not give rise to Hostility.Om Peace, Peace, Peace. Me and my family are really disturbed by some rumours against us. A Bengali manContinue reading “AN APPEAL TO THE DHFL FD & NCD HOLDERS FROM A CONDEMNED FAMILY”