Licensed Thieves & Shady Transactions: Sarcastic Posters Exposing the Systemic Rot in the DHFL “Scam”
Licensed Thieves & Shady Transactions: Sarcastic Posters Exposing the Systemic Rot in the DHFL “Scam” Licensed Thieves & Shady Transactions: Sarcastic Posters Exposing the Systemic Rot in the DHFL “Scam” Posted on 12th May, 2025 (GMT 21: 55 hrs) ABSTRACT This im/passioned collage of posters from many of the Indian citizens highlights the systemic corruption and financial abuse exemplified by the Dewan Housing Finance Corporation Limited (DHFL) scam, portraying it as a symptom of a broader BJP-headed autocratic regime’s collusion with crony capitalists like Ajay Piramal and others like Ambani and Adani. India’s low score of 38 on the 2024 Corruption Perceptions Index underscores the pervasive corruption that enables such financial heists. The misuse of the Insolvency and Bankruptcy Code (IBC) of 2016, coupled with the Reserve Bank of India’s (RBI) appointment of a complicit Committee of Creditors (CoC), facilitated the orchestrated plundering of DHFL depositors’ savings. Ag...