Once in a Blue Moon Academia (OBMA)

  DHFL Scam: Who Audited and Rated Our Trust? Posted on 18th August, 2025 (GMT 15:43 hrs) ABSTRACT Between 2010 and 2019, DHFL projected itself as a secure, AAA-rated housing finance company, yet it concealed one of India’s largest financial frauds involving shell companies, fictitious loans, and alleged political collusion with the BJP. Despite glaring irregularities, auditors and credit rating agencies continued to endorse its credibility, betraying the trust of lakhs of ordinary small depositors. The collapse left vulnerable groups—senior citizens, widows, pensioners, and salaried professionals—with devastating losses, while the resolution process (reportedly) disproportionately benefitted one chosen corporate acquirer. This appeal demands disciplinary action against negligent auditors and rating agencies, restitution for depositors, transparency in insolvency proceedings, and systemic reforms to restore accountability in financial governance. Between 2010 and 2019, Dewan H...

  When Institutions Dodge Responsibility, Who Answers to the DHFL Victims? Posted on 20th August, 2025 (12:02 hrs) ABSTRACT On 30th July 2025, OBMA submitted a detailed appeal to India’s top regulatory and judicial authorities, calling for institutional accountability, independent inquiry, and restitution for thousands of DHFL depositors whose savings were wiped out. Despite detailed evidence of auditing failures, flawed credit ratings, and regulatory lapses, SEBI’s response was allegedly a bureaucratic deflection, refusing responsibility. To highlight this stark contrast, we designed a poster juxtaposing the plea for justice with SEBI’s mechanical reply, exposing systemic evasions and the erosion of public trust. Download, share, and spread this poster—because when regulators dodge responsibility, ordinary citizens pay the price. On 30th July 2025, we sent a detailed email to the Supreme Court of India, the Ministry of Finance, Ministry of Corporate Affairs, the RBI, SEBI, NF...