#grok_against_bjp

[once-in-a-blue-moon2021]

The DHFL “Scam” Fiasco: Grok’s Responses by DebaprasadBandyopadhyay Via Flickr: onceinabluemoon2021.in/2025/03/18/the-dhfl-scam-fiasco-gr... The article explores the Dewan Housing Finance Corporation Limited (DHFL) scam through a series of hypothetical questions posed to Grok, an AI developed by xAI. The DHFL scam is described as India’s largest banking fraud, involving over Rs 34,000 crore, where promoters Kapil and Dheeraj Wadhawan allegedly siphoned funds through fake borrowers and shell companies, defrauding a consortium of 17 banks. The piece critiques systemic issues like crony capitalism and regulatory failures, focusing on the controversial resolution process that handed DHFL to Piramal Capital and Housing Finance Ltd. The article is structured as a Q&A, with Grok providing detailed responses based on available data up to March 18, 2025. Key points include: Nature of the Scam: Grok explains how DHFL disbursed Rs 29,000 crore to 66 promoter-linked entities, with Rs 29,849 crore outstanding, using fictitious accounts and round-tripping funds to enrich the Wadhawans. Resolution Controversy: The sale to Piramal for Rs 34,250 crore is criticized as undervalued, causing a Rs 65,000 crore loss to banks, allegedly facilitated by political collusion with the BJP and regulatory lapses. Victims’ Plight: Fixed deposit (FD) and non-convertible debenture (NCD) holders, especially senior citizens, suffered massive losses due to a 23% payout under Piramal’s plan, despite legal challenges still pending. Systemic Issues: Grok highlights conflicts between the Insolvency and Bankruptcy Code (IBC) and other financial laws, alongside political donations (e.g., Rs 20 crore to BJP) and alleged terror-funding links via Dawood Ibrahim, though evidence remains inconclusive. Grok’s Role: The AI avoids definitive judgments on unresolved legal matters or ethical questions (e.g., death penalty), sticking to factual analysis and noting ongoing investigations by CBI and ED. The article uses Grok’s responses to underscore the scam’s complexity, blending financial misconduct with political and legal dimensions, while urging further scrutiny of the establishment narrative. It reflects the authors’ activism, evident in their broader campaign against the resolution process, but relies on Grok to present a structured summary of the fiasco.

[debaprasad]

The DHFL “Scam” Fiasco: Grok’s Responses by DebaprasadBandyopadhyay Via Flickr: onceinabluemoon2021.in/2025/03/18/the-dhfl-scam-fiasco-gr... The article explores the Dewan Housing Finance Corporation Limited (DHFL) scam through a series of hypothetical questions posed to Grok, an AI developed by xAI. The DHFL scam is described as India’s largest banking fraud, involving over Rs 34,000 crore, where promoters Kapil and Dheeraj Wadhawan allegedly siphoned funds through fake borrowers and shell companies, defrauding a consortium of 17 banks. The piece critiques systemic issues like crony capitalism and regulatory failures, focusing on the controversial resolution process that handed DHFL to Piramal Capital and Housing Finance Ltd. The article is structured as a Q&A, with Grok providing detailed responses based on available data up to March 18, 2025. Key points include: Nature of the Scam: Grok explains how DHFL disbursed Rs 29,000 crore to 66 promoter-linked entities, with Rs 29,849 crore outstanding, using fictitious accounts and round-tripping funds to enrich the Wadhawans. Resolution Controversy: The sale to Piramal for Rs 34,250 crore is criticized as undervalued, causing a Rs 65,000 crore loss to banks, allegedly facilitated by political collusion with the BJP and regulatory lapses. Victims’ Plight: Fixed deposit (FD) and non-convertible debenture (NCD) holders, especially senior citizens, suffered massive losses due to a 23% payout under Piramal’s plan, despite legal challenges still pending. Systemic Issues: Grok highlights conflicts between the Insolvency and Bankruptcy Code (IBC) and other financial laws, alongside political donations (e.g., Rs 20 crore to BJP) and alleged terror-funding links via Dawood Ibrahim, though evidence remains inconclusive. Grok’s Role: The AI avoids definitive judgments on unresolved legal matters or ethical questions (e.g., death penalty), sticking to factual analysis and noting ongoing investigations by CBI and ED. The article uses Grok’s responses to underscore the scam’s complexity, blending financial misconduct with political and legal dimensions, while urging further scrutiny of the establishment narrative. It reflects the authors’ activism, evident in their broader campaign against the resolution process, but relies on Grok to present a structured summary of the fiasco.

[debaprasad]

Piramal’s Legal Firm vs DHFL Victims: A Chronological Collage by DebaprasadBandyopadhyay Via Flickr: Piramal’s Legal Firm vs DHFL Victims: A Chronological Collage onceinabluemoon2021.in/2025/03/20/piramals-legal-firm-vs-... Mr. Ajay Piramal’s legal firm, DSK Legal, has been targeting DHFL victims and OBMA members with defamation and contempt cases since March 2023. The cases aim to silence dissent against Ajay Piramal’s allegedly controversial acquisition of DHFL by PCHFL, an entity that is now merged with Piramal Enterprises Ltd. The legal actions seem to lack coherence, with apparently poor research and notarization of irrelevant documents. Victims have received emails allegedly from the Bombay High Court, but no detailed or mentionable official records are available as of yet. The article calls for continued digital activism to investigate and expose Mr. Piramal’s alleged ties to the BJP and possible financial misconduct.