Mr. Ajay Piramal: A Snapshot of ALLEGED Controversies
Mr. Ajay Piramal: A Snapshot of ALLEGED Controversies Posted on 28th June, 2025 (GMT 17:40 hrs) ABSTRACT The article presents a brief portrayal of Ajay Piramal, juxtaposing his typically lauded “philanthropic” (CSR) efforts through the Piramal Foundation’s initiatives with a myriad of serious allegations suggesting misuse of influence and finances. Critics sometimes assert/allege that he orchestrated a questionable purchase of DHFL through a dubious IBC resolution process, which has led to potential court contempt issues. SEBI investigations into insider trading (2016, 2019) and irregularities in stake sales (2024) are also present with regard to Mr. Piramal’s business career. He is also reportedly connected to the Flashnet scandal and alleged environmental damage in Digwal, Telangana, where he purportedly sought and lost a stay order at the National Green Tribunal. Additional controversy arises from ₹85 crore in BJP donations through electoral bonds, purportedly exploitativ...