The article discusses various allegations and controversies involving Ajay Piramal, including insider trading, environmental violations, and questionable acquisition practices in the DHFL case. It highlights his ability to obtain favorable legal outcomes, potential political connections with the BJP, and scrutiny over financial dealings. The piece suggests that Piramal’s influence and political support have shielded him from consequences.
Category Archives: News Channel
Role of BJP in the DHFL Scam: OBMA Video Reports-I
The article explores the alleged involvement of the BJP in the DHFL scam, highlighting potential connections between Ajay Piramal and the party, including political donations and the Flashnet scam involving Piyush Goyal. It suggests a quid pro quo relationship where political donations were reciprocated with favors. The report also mentions accusations linking DHFL with terror funding via Dawood Ibrahim, late Iqbal Mirchi et al., and questions about transparency in financial dealings, particularly regarding donations to BJP through electoral bonds. The piece calls for a political critique of these issues.
RTIs to the Supreme Court of India and the DHFL Victims: An Impromptu Podcast
Posted on 27/02/2024 (GMT 17: 05 hrs) We are heartily grateful to the RTI Cell, Honourable Supreme Court of India, for its kind and friendly cooperation with the OBMA RTI Activists in relation to the DHFL Scam. With regard to the two appeals filed to the CPIO in relation to the following two RTIs toContinue reading “RTIs to the Supreme Court of India and the DHFL Victims: An Impromptu Podcast”
Is the Present Indian Government Least Concerned about the Indian Armed Forces?
Posted on 28/10/2023 (GMT 00.40) Dedicated to the Indomitable Revolutionaries of The Indian National Army (1942-1945) and The Great Indian Naval Revolt (1946) “In response to the Quit India Movement launched in August 1942, Savarkar instructed Hindu Sabhaites who were “members of municipalities, local bodies, legislatures or those serving in the army… to stick to their posts,” acrossContinue reading “Is the Present Indian Government Least Concerned about the Indian Armed Forces?”
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.
RBI Appointed CoC for DHFL: A Post-Mortem: OBMA Talks-3
Posted on 11/09/2023 (GMT 07:20 hrs) This third live video in the #OBMA_Talks series focuses on the role of the RBI-appointed Committee of Creditors (CoC) for DHFL in the context of the DHFL scam, the biggest financial scam of India. It highlights the transparently opaque nature of the CoC-led resolution process by citing multiple evidence,Continue reading “RBI Appointed CoC for DHFL: A Post-Mortem: OBMA Talks-3”
ALL ABOUT AJAY PIRAMAL: OBMA Talks-2
Posted on 04/09/2023 (GMT 06:00 hrs) Updated on 04/09/2023 (GMT 16:05 hrs) This Facebook Live Broadcast, the second video in the #OBMA_Talks Series as part of Once in a Blue Moon Academia (OBMA)’s online campaign regarding the DHFL scam, deals with the “old sinner”(?!) cum paramavaisnava Ajay Piramal, the supposed and disputed “owner” of DHFL.Continue reading “ALL ABOUT AJAY PIRAMAL: OBMA Talks-2”
A Talk on the Timeline of the DHFL Scam: What is Still to be Done?
Posted on 27/08/2023 (GMT 17:15 hrs) This Facebook live broadcast, viz., the initiation of the #OBMA_Talks Series of Once in a Blue Moon Academia (OBMA), throws light on the timeline of the DHFL scam, i.e., its beginning, outcome and future. It also delves on the politico-economic variables that have determined the course of this biggestContinue reading “A Talk on the Timeline of the DHFL Scam: What is Still to be Done?”
Nero’s Dine, Manipur is burning
Posted on 04/07/2023 (GMT 06:00 hrs) Updated on 20th July, 2023 (GMT 16:28 hrs) We, on behalf of Once in a Blue Moon Academia (OBMA), hereby convey our solidarity to the people of Manipur, where the Meitei-Kuki conflicts have led to a death valley. It is a matter of regret that the “welfare” state isContinue reading “Nero’s Dine, Manipur is burning”
Be Aware of Divisive Forces: UNITY IS STRENGTH
Posted on 03/06/2023 (GMT 02:25 hrs) Updated on 20/09/2023 (GMT 17:20 hrs) VIEW THE VIDEO AS FOLLOWS: संगच्छध्वं संवदध्वंसं वो मनांसि जानताम्देवा भागं यथा पूर्वेसञ्जानाना उपासते || saṃgacchadhwaṃ saṃvadadhwaṃsaṃ vo manāṃsi jānatāmdevā bhāgaṃ yathā pūrvesañjānānā upāsate || May you move in harmony, speak in one voice; let your minds be in agreement; just as theContinue reading “Be Aware of Divisive Forces: UNITY IS STRENGTH”
