Ajay Piramal in the Ring of Fire of Controversies

 Ajay Piramal in the Ring of Fire of Controversies

Posted on 06/04/2024 (GMT 10:15 hrs)

In Continuation with WHO IS AJAY PIRAMAL? VIEW HERE ⤡

As far as we know, while talking about Mr. Ajay Piramal’s previous (mis-)deeds, we have come to note the following points stretched across the past decade or so:

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

2. He is an environmental terrorist (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected. In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022).

3. 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)

4. 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).  

The Old Sinner: the deeds of a paramavaiṣṇava, Ajay Piramal VIEW HERE ⤡ 

Legality Of Ajay Piramal’s Actions: A Brief Resume VIEW HERE⤡ 

Piramal’s (Il)legal Operations Not Found On Wiki VIEW HERE ⤡

Ajay Piramal: How Many Times Are You Seeking “Blanket” Stay Orders?

Seeing his condition, encircled with controversies, disputes and obstacles, we wrote a sarcastic (as intended under plutocratic regime) letter to Mr. Piramal:

It was not long when Piramal Group 2,000 crore loan to the Omkar developers was probed by the ED:

ED prob into Piramal Group’s Rs 2,000 crore loan to Omkar Developers VIEW HERE ⤡ (As reported on 15th May, 2021 ©Express Post)

However, as always, Mr. Piramal managed to get speedy justice for himself in this case as well:

HC restrains ED from taking coercive steps against Piramal assets VIEW HERE ⤡ (As reported on 22nd August, 2022 ©The Economic Times)

Recently on 04.04.2024,

Sebi pulls up Piramal Enterprises with regard to sale of its 8.34 per cent stake in Shriram Finance VIEW HERE ⤡ (As reported on 5th April, 2024 ©The Telegraph)

Despite all these “shortcomings” and “setbacks” in his business career, Piramal never fails to utilize an opportunity to show his affection for the Bharatiya Janata Party, the current (for how long?) ruling party of India.

With the exposé of the Electoral Bonds, we have also come to note the following about Mr. Ajay Piramal:

Electoral bonds: 33 loss-making firms donated Rs 582 crore, 75% went to BJP, says report VIEW HERE ⤡ (As reported on 4th April, 2024 ©Scroll)

Source: VIEW HERE ⤡

For More: 33 loss-making firms donated electoral bonds worth ₹582 crore, 75% went to BJP | Data VIEW HERE ⤡ (As reported on 3rd April, 2024 ©The Hindu)

Given this “ring of fire” of controversies that encircle Mr. Ajay Piramal’s business-world at this juncture, we can very well conjecture that without the massive amount of political support he is receiving from the BJP, he would have possibly been reduced to a mere “nobody”.

Our Mr. Ajay Piramal appears to be “Pound Wise but Penny Foolish”!!!