Ajay Piramal Exposed: DHFL, Crony Capitalism & Piramal Pharma Boycott (DIGITAL POSTERS)

Posted on 11th September, 2025 (GMT 05:12 hrs)

ABSTRACT

The DHFL scam exposes alleged crony capitalism by Ajay Piramal, including undervalued acquisitions, insider trading, environmental violations, and SLAPPs against victims. Close ties to the BJP raise accountability concerns, while ordinary investors face massive losses. Citizens are mobilizing to demand justice and protect public health and financial security.

The DHFL scam and related controversies surrounding Ajay Piramal have shaken public trust in corporatized India and its financial institutions. From alleged insider trading and questionable acquisitions to environmental violations and the misuse of political connections, these events highlight a worrying pattern of crony capitalism. Ordinary investors and fixed-deposit holders have suffered massive losses, while regulatory oversight and accountability appear to have been circumvented.

The following posters break down the key allegations, highlight the implications for public health and financial security, and call for accountability. They aim to inform, strengthen, and mobilize citizens to demand justice and take a stand against unethical corporate practices.

SHARE THESE POSTERS WIDELY.

 BOYCOTT PIRAMAL PHARMA’S PRODUCTS! 

Your health. Your money. Not their profit.

Piramal Pharma’s consumer brands include:

• Lacto Calamine – skincare
• Saridon – headache & pain relief
• Polycrol – antacid
• i-pill / i-know – women’s care
• Supradyn – multivitamins
• Tetmosol – medicated soaps & creams
• Tri-Activ – sanitizers & disinfectants
• Bohem – men’s grooming
• Digiplex – digestive aids

Why boycott?

• Alleged collusion with the fascist BJP regime: Flashnet Scam, Electoral Bonds, PM CARES
• Profiting from DHFL scam while ordinary people lose life savings
• Linked to Digwal pollution and other environmental damages
• Prioritizes profit over people, ethics, and public health

Take a stand. Protect your health. Protect your money.
Spread this message to your nearest medical shops!

#BoycottPiramalProducts #HealthNotProfit #SeizeCroniesFairplay4DHFLVictims

How can a man who claims to be a Vaisnava like Mr. Piramal allegedly inflict harm so utterly contrary to the very principles he professes?

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 AJAY PIRAMAL: CRONY CAPITALIST? 

Alleged Controversies

Tied very closely to the BJP:
 Flashnet Scam (2018): discounted sale
 ₹85 crore donations via Electoral Bonds
 Opaque PM CARES Donations

Financial & Corporate Controversies
 Insider Trading (2016) – SEBI fines imposed, later set aside; compliance questions remain (alleged)
 DHFL Acquisition (2021) – ₹94,000 crore assets bought for ₹34,250 crore; 45k crore = 1 rupee?! NCLT & NCLAT flagged irregularities, but ignored (reported)
 Loan Probe (2021) – Omkar Developers investigated by ED; Delhi HC protected assets (alleged)
 Shriram Finance (2024) – SEBI flagged compliance concerns (reported)
 Corporate Restructuring – Mergers, demergers, rebranding allegedly to evade accountability

Legal & Social Allegations
 Legal Intimidation – SLAPPs allegedly targeting DHFL victims and whistleblowers: suppression of free speech!
 Environmental Violations (2018–2019) – Pollution in Digwal, Telangana; NGT denied stay (reported)
 Real Estate Deals – One-sided agreements, harsh exit clauses, ecological risks in Mumbai (alleged)
 Religious Identity Misuse – Critics claim Gauḍīya Vaiṣṇava affiliation contradicted ethical claims (reported)

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 WHERE IS PIRAMAL’S PROMISE? 

He promised an extra 10% to DHFL FD holders — a commitment meant to protect small investors. Yet 45,000 CRORES of DHFL assets were handed over for just ₹1 by the RBI-appointed CoC. FD holders, many ordinary families, faced massive haircuts. Piramal reportedly walked away with billions, while people who trusted the system were left with scraps.

IS PIRAMAL NOT LIABLE? WHEN WILL JUSTICE BE SERVED?

#JusticeForDHFLVictims #HoldCroniesAccountable #FDHoldersDeserveBetter #SeizeCroniesFairplay4DHFLVictims

How can someone who calls himself a Vaisnava, like Mr. Piramal, allegedly commit acts so violently opposed to the faith he claims to embody?

POST-SCRIPT

Nepal’s social media ban is a stark reminder of how legal and digital tools can be misused to silence dissent. Protesters accused the government of nepotism and elite capture, blocking platforms that citizens rely on to expose corruption and organize resistance.

In India, DHFL victims and platforms like OBMA face similar threats: Strategic Lawsuits Against Public Participation (SLAPPs) and attempts to restrict online expression prevent citizens from holding powerful corporates, like Piramal Group, accountable for massive financial betrayals. The RBI-appointed Committee of Creditors (CoC) favored Piramal—closely tied to the ruling BJP—handing over ₹45,000 crores of DHFL assets for just ₹1, while FD holders endured massive haircuts.

FD holders, ordinary families, and activist platforms are left fighting both corporate impunity and legal harassment, while social media—critical for raising awareness—is constrained by bans, takedowns, and coercive laws.

SLAPPs, corporate cronyism, nepotistic governance, and digital suppression form a chain that silences victims, obstructs accountability, and undermines democracy. Ordinary citizens in both Nepal and India bear the brunt when the law and digital space are wielded to protect elites rather than the public.

Nepal’s recent events have shown what a social media ban or suppression of free speech can lead to: civil disobedience. Mr. Piramal’s DSK Legal has engaged in this kind of legal intimidation and harassment of DHFL whistleblower activists and victims, attempting to block their online activity—but what will be the future cost of silencing those who dare to speak truth to power?

Despite tycoons like Piramal and Ambani enjoying Z+ security, they are not invulnerable—the people, united, shall never be defeated.

Rejoinder: On Nepotism in Indian Crony Scenario

The recent protests in Nepal over three issues, viz., corruption, accountability, and nepotism following the social media ban resonate strongly with the Indian scenario, where family networks, political patronage, and opaque financial arrangements repeatedly blur the line between governance and private family gains. The Mitākṣarā-style family setups of corporate dynasties such as the Ambani–Piramal alliance illustrate how inherited wealth and kinship ties consolidate influence. Mukesh Ambani’s proximity to the ruling BJP, alongside Ajay Piramal’s political connections, has been reflected in controversies such as the DHFL resolution, substantial electoral bond donations, and earlier transactions like the Flashnet deal—instances critics view as nepotistic protection within a larger corporate–political nexus. Similarly, Anil Ambani’s empire, notably Reliance Communications and Reliance Infrastructure, accumulated massive debts exceeding ₹49,000 crore, much of which has been written off or settled at nominal amounts, such as the ₹455 crore settlement against RCom’s ₹47,000 crore liability, effectively waiving over 99% of the debt. Multiple banks, including SBI, BoI, and BoB, have classified RCom’s loans as fraudulent due to alleged fund diversion, highlighting how corporate scale, political proximity, and regulatory gaps converge to shield private interests while public and creditor losses mount. Meanwhile, Mukesh and Anil contest visibility in the public eye, while complex corporate agreements and the consolidation of family wealth quietly unfold behind the scenes, forming a shadowed layer of familial feudalism.

This logic extends well beyond business. In politics and sports governance, Anurag Thakur, son of former Himachal Pradesh Chief Minister Prem Kumar Dhumal, faced allegations of converting the Himachal Pradesh Cricket Association from a state-aided society into a private entity under his control, raising questions about land transfers and patronage, though subsequent Supreme Court quashings left debates unresolved. Similarly, Jay Shah, son of Home Minister Amit Shah, saw a rapid rise in both business fortunes (Kusum Finserve, Temple Enterprise) and cricket administration, generating questions about access and influence.

Union Minister Nitin Gadkari has also faced charges of conflict of interest: opposition parties have alleged that the government’s ethanol blending policy disproportionately benefited his sons’ firms—Cian Agro Industries and Manas Agro Industries—whose revenues surged dramatically after the mandate. While Gadkari and the BJP dismiss the allegations, critics argue that policy capture enriched family-linked firms while fuel users and farmers bore the costs. In parallel, the late Arun Jaitley’s control of the Delhi & District Cricket Association and his son Rohan’s subsequent leadership, Rajnath Singh’s son Pankaj Singh’s role in the Cycling Federation of India, and External Affairs Minister S. Jaishankar’s son Dhruva Jaishankar’s prominent role at ORF (closely tied to government platforms like the Raisina Dialogue) all reinforce the perception that influential families occupy disproportionate institutional space.

Taken together, these cases suggest that nepotism in India is not about isolated figures but about structural conditions—dynastic inheritance, weak conflict-of-interest rules, opaque political funding, and institutional capture—that allow family ties to convert into enduring influence and partisanism. This reproduces a system where political and economic master actors protect each other, blurring accountability and sustaining networks of patronage.

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