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...

  We Love You SRK, But You Must Answer for DHFL! Posted on 19th August, 2025 (GMT 03:30 hrs) ABSTRACT This statement calls on Shah Rukh Khan to take accountability for endorsing DHFL between 2015 and 2018, a period when lakhs of small depositors were persuaded to trust the company before its collapse in 2019, which wiped out over thousands of crores of rupees. Citing the Consumer Protection Act, it argues that Khan failed in his duty as a celebrity endorser to exercise due diligence, and demands a public apology, disgorgement of his endorsement fees, penalties under law, and a temporary ban on financial product endorsements. Drawing on his iconic film roles, the appeal frames accountability not as hostility but as an act of love and justice, urging Khan to stand with victims as the true hero he portrays on screen. It ends with a call for public action—signatures, solidarity, and collective pressure for justice. Shah Rukh Khan… the Baazigar, the Badshah, the King of Bollywood, ...

  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...