Ajay Piramal’s Wiki: Washing Machine?

Posted on 26/12/2023 (GMT 17:25 hrs)

Introduction

The controversial matters regarding Mr. Ajay Piramal are excluded from his Wikipedia page⤡ on the public domain. The following controversies are not at all mentioned or included with regard to the history of his business operations. Why is it so?

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

Is he more equal than others?⤡ If yes, why?

Is it because he is the secondary kin of India’s current ruling party’s favoured business tycoon, i.e., Mr. Mukesh Ambani?

Is it because he is a sycophant of the current ruling party as expected in the context of crony capitalism?

[Many DHFL-Victims advised us not to mix “politics” with this particular scam. Our responses to the same are as follows:

from the perspective of political economy!* From the very beginning, it is a political fact of “terror funding” in the context of crony & monopoly capitalism. #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion⤡ is now a political fact!

Take an instance, is not judiciary part of “Entire” Political Science (a pathological liar got this degree)?

Are the legislature, executive & the press not part of the political agreement?

Sorry, we, as political animals (zoon politikon), cannot depoliticize this scam⤡.

Cf. Section VIII of our online mass petition⤡ on the DHFL Scam!]

Is it because he is so close to alleged con-person cum religious guru Radhanath Swami⤡ ⤡?

These questions shall remain, so will the following cases; or rather, the “old sins” ⤡ of Mr. Ajay Piramal, which cannot be cleansed through the paramavaisnava apparel of his alleged “nasty” dealings.

Let us go through the cases, which are being talked about.

(N.B. The compilers of this article/collage/compilation are not at all responsible for these reported facts, which they have gathered from various media houses and/or newspaper reports. Thus, USUAL DISCLAIMERS APPLY).

The Alleged Dirty Hands of Mr. Ajay Piramal

1. Mr. Piramal is an alleged insider trader (2016)

a) The Event:

· SEBI Finds Piramal Enterprises, Ajay Piramal Guilty Of Violating Insider Trading Regulations VIEW HERE ⤡ (As reported on 3rd October, 2016 © BloombergQuint)

· Piramal Enterprises fined Rs.6 lakh for insider trading VIEW HERE ⤡ (As reported on 5th October, 2016 ©The News Bytes)

However, SAT ignored SEBI’s fact findings (reason unknown):

· SAT sets aside Sebi’s order against Piramal Ent, others in insider trading control lapses case VIEW HERE ⤡ (As reported on 15th May, 2019 ©The Business Standard)

b) What the Law Says:

· 2013 INSIDER TRADING POLICY, INDIA VIEW HERE ⤡

· Section 15G: Penalty for insider trading VIEW HERE ⤡

An Instance of Punishment for Insider Trading: Rajat Gupta

· Rajat Gupta and Goldman’s Insider Trading Bombshell VIEW HERE ⤡

· Rajat Gupta fined $13.9 million for insider trading VIEW HERE ⤡ (As reported on 18th October, 2016 ©The Hindu)

How did Ajay Piramal escape from the charge of alleged insider trading and was not penalized for his alleged violations?

ChatGPT is also “moot” over this issue:

2. Ajay Piramal’s Alleged Political Nexus (2018)

He was involved in Flashnet Scam, 2018 (though Mr. Piramal was ready to defame The Wire, who first exposed the scam, for reporting the same, but till date: no such step has been taken by him).

Let us consider it in detail:

It was found that paramavaisnava Mr. Ajay Piramal was accused for buying Piyush Goyal (Piyush Vedprakash Goyal is a politician and cabinet minister of the Government of India led by the Bharatiya Janata Party, having portfolios such as Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affairs, Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017.⤡)’s company at 1000 times its face value!

Thus, it could be thought that the Dewan Housing Finance Corporation (DHFL) is the return gift to Piramal for buying BJP’s Piyush Goyal’s company at a premium of 1000 times of the book/face value. In percentage terms, the premium was nearly 100,000%.

In the context of such political collusion of Mr. Piramal, the following report by The Wire deserves special attention:

In Selling Firm to Piramal Group as Minister, Piyush Goyal Pushes Ethical Boundaries VIEW HERE ⤡ (As reported on 28th April, 2018 ©The Wire)

Piramal Group deal: Cong demands Piyush Goyal’s removal over ‘financial fraud’ VIEW HERE ⤡ (As reported on 29th April, 2018 ©The Deccan Chronicle)

Piramal couldn’t answer and didn’t even bother to reply to The Wire reporter’s pertinent questions. As The Wire wrote:

“…the Piramal Group made no attempt to clarify any point, or offer an answer to our questions.”

However, the Piramal Group finally threatened The Wire for making “defamatory statements” against it:

‘No Wrongdoing’: BJP, Piramal Group React to The Wire’s Story on Piyush Goyal VIEW HERE ⤡ (As reported on 29th April, 2018 ©The Wire)

Piramal Group Responds to The Wire’s Story on Piyush Goyal VIEW HERE ⤡ (As reported on 3oth April, 2018 ©The Wire)

Op India treated The Wire‘s Report as a “false propaganda” and a “lie”:

Piramal Group contemplates legal action against ‘The Wire’ for its malicious and defamatory article VIEW HERE ⤡ (As reported on 29th April, 2018 ©Op India)

Till date, there has been no defamation suit against The Wire for making these so-called “false accusations” against Piramal’s so-called “reputation”!

ChatGPT proved itself to be quite ignorant and in denial regarding this (?!):

3. Mr. Piramal is an alleged eco-terrorist (2019–)

He is an eco-terrorist (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected.

Let us go into the details of the alleged “misdeed”:

Piramal Enterprises committed a grievous sin against the mother nature by polluting one of the pañca mahābhūta, viz., water, and he got fined by the National Green Tribunal, Telangana, for the same. Mr. Piramal got a stay order on this but later on he was condemned by the National Green Tribunal (NGT) itself for considering the given stay order as a “blanket stay order”, where as in reality, it is merely a conditional, partial stay order.

“Refusing to issue a blanket stay on environmental compensation (EC) to be paid by Piramal Industries, the National Green Tribunal (NGT), however, gave a partial stay order on Rs 8.3 crore compensation to be paid in connection with pollution of groundwater in Sangareddy and Zaheerabad.
The NGT initiated proceedings on the receipt of a letter from civic activist K Lakshma Reddy and registered a suo motu case in 2018. Reddy alleged that untreated effluents were being discharged by Frigerio Conserva Allana Ltd, Zaheerabad, Piramal Enterprises at Digwal in Kohir mandal and Sri Siddi Vinayaka Oil Mills in Zaheerabad, thereby adversely effecting the water quality and availability of groundwater and drinking water to residents of the surrounding areas.”

NGT refuses blanket stay on EC to be paid by Piramal VIEW HERE ⤡(As reported on March 26, 2021 ©The Times of India)

Thus, Mr. Piramal the paramavaiṣṇava is an Eco-terrorist, who, like a sadist, takes nature (including human beings) as a free gift, annihilates the biodiversity as well as financial ecosystem without any hesitation.

In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022).

Piramal rushed to the Supreme Court of India to get the revolutionary NCLAT Order (27.01.2022) in the DHFL case (declaring Piramal’s plan as “contrary to law”, “void”, “full of irregularities”) stayed on 11.04.2022.

However, was it a “blanket” stay order at all???

Is he thinking that he can get “Blanket” stay orders in every single case??

How much time should the victims of financial abuse wait before getting out of the peripheries of the “stay order”??

ChatGPT continues to be diplomatic “in denial” mode with regard to this as well:

4. Mr. Piramal’s Alleged/Possible Contempt of Court (2021-2022)

He is possibly involved in contempt of court during the DHFL resolution process by ignoring NCLT’s first verdict (19/05/2021) and skipping the points raised by the NCLAT second order (27/01/2022).

Let us get to the brief tabular summary of this entire issue:

EVENT	DATE	REMARKS
NCLT ORDER	19-05-2021	NCLT asked the DHFL CoC to reconsider Wadhawan’s full repayment proposal before approving Piramal’s resolution proposal that contains massive haircut.
NCLAT STAY	25-05-2021	Piramal and CoC rapidly brought a stay order on the previous order from NCLAT within a few days without answering the NCLT within the stipulated time period of ten days. Was it a possible Contempt of Court since Mr. Piramal did not care to answer the pertinent points raised by the NCLT?
NCLT APPROVAL	07-06-2021	NCLT approves the Piramal’s resolution plan all of a sudden.
ACQUISITION OF DHFL	SEPTEMBER 2021	Piramal “acquires” the DHFL (?!) on the basis of the lowest quasi-judicial body’s order. Is it a possible case of “adverse, hostile possession” while the case is still sub judice?
NCLAT OBSERVATIONS	27-01-22	NCLAT observed many inconsistencies, irregularities in the resolution process, wherein the resolution plan became “contrary to law” and “void”!
SC’S STAY ORDER	11-04-22	Piramal rushed to the Supreme Court on 01.03.2022 to get the NCLAT’s order stayed. (As remarked before in Point 3 with regard to Mr. Piramal’s habitual “stay-order” seeking urge)
DEFAMATION FILED IN BOMBAY HIGHT COURT	06-01-2023	Piramal filed a defamation case of 100 crores against some of the DHFL victims, who engaged themselves in a web-based civil disobedience movement. (Just like they wanted to do, but did not, in the case The Wire’s revealings of the Flashnet Scam; Cf. Point 2)

Even after such intricate complexities, ChatGPT has openly acknowledged that Piramal did in fact acquire the DHFL!!

Why is the AI software silent/in denial about the notable controversial aspects but quite straightforward with regard to an alleged case of adverse possession of an ongoing, solvent company, viz., DHFL?

Conclusion

On Wikipedia, the entry on “Ajay Piramal” does not cover or even mention the above controversial issues pertaining to his business-life. Even ChatGPT also, as we noted at each step, does not answer substantially when asked about the “shady” aspects of Mr. Piramal. Thus, the fluid space of Wikipedia (along with Chatgpt), where anyone can edit, is not a reliable space for eliciting information.

REVEALING THE CONTROVERSIES ABOUT THE PIRAMAL GROUP: ADDITIONS ON WIKIPEDIA VIEW HERE ⤡

Hence, Wiki and ChatGPT act as washing machines for cleansing the sins of the superrich. Thus spoke Noam Chomsky:

“The human mind is not, like ChatGPT and its ilk, a lumbering statistical engine for pattern matching, gorging on hundreds of terabytes of data and extrapolating the most likely conversational response or most probable answer to a scientific question. On the contrary, the human mind is a surprisingly efficient and even elegant system that operates with small amounts of information; it seeks not to infer brute correlations among data points but to create explanations.” ⤡

SEE ALSO:

a. WHO IS AJAY PIRAMAL? VIEW HERE ⤡

b. AN OPEN LETTER TO THE HONOURABLE QUEEN OF THE UNITED KINGDOM REGARDING THE HONORARY CBE AWARDED TO MR. AJAY PIRAMAL VIEW HERE ⤡

c. THE PSYCHOANALYSIS OF A CRONY BILLIONAIRE:AJAY PIRAMAL VIEW HERE ⤡

d. REVEALING THE CONTROVERSIES ABOUT THE PIRAMAL GROUP: ADDITIONS ON WIKIPEDIA VIEW HERE ⤡

e. WHY IS MR. AJAY PIRAMAL HIDING HIMSELF FROM THE SOCIALIZATION PROCESS? VIEW HERE ⤡

f. GREETINGS TO MR. AJAY PIRAMAL: THE “SUCCESSFUL OWNER” OF THE DHFL AKA PCHFL AKA PIRAMAL FINANCE VIEW HERE ⤡

g. DEAR MR. AJAY PIRAMAL, WANNA BECOME WILFUL DEFAULTERS FOLLOWING THE PATH OF 50+ SUPER-RICH BUSINESS BARONS VIEW HERE ⤡

h. IF A[M]DANI SCAMS, CAN AMBANI-PIRAMAL BE FAR BEHIND? VIEW HERE ⤡

i. SOME OPEN, CONTROVERSIAL QUESTIONS TO MR. AJAY PIRAMAL REGARDING THE DHFL ACQUISITION VIEW HERE ⤡

j. The Old Sinner? the deeds of a paramavaisnava, Ajay Piramal VIEW HERE ⤡

k. Legality Of Ajay Piramal’s Actions: A Brief Resume⤡