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May 5, 20236 min read

The Psychoanalysis of a Crony Billionaire: Ajay Piramal

Posted on 05/05/2023 (GMT 11:30 hrs)

Updated on 21/05/2023 (GMT 15:50 hrs)

I. Introduction

In continuation to our previous article, WHO IS AJAY PIRAMAL?⤡, this article shows the psychoanalytic analysis of Mr. Ajay Piramal. We have consulted many psychiatrists without mentioning Mr.. Piramal’s name but with the following instances of his deeds. In the Part II of this article, we will explore the instances of Piramal’s deeds and consequently provide the psychoanalytic findings based on those instances in the Part III of this article.

II. Instances

Instance 1: The Wire’s Report On The #Flashnet_Scam, The Bjp-Piramal Collusion And The Aftermath

It was found that Mr. Piramal was accused for buying Piyush Goyal (Union Minister under the BJP-led NDA)’s company at 1000 times its value. In the context of such political collusion of Mr. Piramal, the following report by The Wire deserves attention:


Rahul Gandhi made several tweets on this issue after The Wire‘s report:



It’s no secret that CA Piyush Goyal, the BJP Treasurer, has pried open the doors of every major corporate house for PM Modi. How then will the PM act against this Minister, caught red handed, misusing his power for 48 Cr. of personal gain?#GoyalMustResign — Rahul Gandhi (@RahulGandhi) April 28, 2018


Piyush Goyal’s, 48 CR. #FlashNet Scam is about deceit, conflict of interest and greed. The evidence is on the table. Yet, the media will not touch the story. It is a tragedy for our country when journalists entrusted to stand for the truth, will not speak.#GoyalMustResign pic.twitter.com/WeUaSAT8wg — Rahul Gandhi (@RahulGandhi) May 1, 2018

Piramal couldn’t answer and didn’t even bother to reply to The Wire reporter’s pertinent questions. As The Wire wrote:

“…the Piramal Group made no attempt to clarify any point, or offer an answer to our questions.”

However, the Piramal Group finally threatened The Wire for making “defamatory statements” against it:

Op India treated The Wire‘s Report as a “false propaganda” and a “lie”:

The above statement was thoroughly supported by Nupur J. Sharma, the ex-national spokesperson of the Bharatiya Janata Party (BJP):



8. Piramal group had clarified and contemplated legal action against The Wire for their article devoid of logic. We had debunked their earlier article too. Next tweetshttps://t.co/KTHPXD1k3N — Nupur J Sharma (@UnSubtleDesi) August 20, 2018

She was suspended from the BJP after the 2022 Muhammad remarks controversy.

Godi Media such as Times Now likewise reported Piramal’s reaction to The Wire’s so-called “baseless” allegations:



Piramal Group releases official statement on the allegations made against the group by website 'The Wire', calling the allegations baseless and devoid of any merit and has threatened of taking defamatory action against the website pic.twitter.com/5w1238rBNF — TIMES NOW (@TimesNow) April 29, 2018

Instance 2: Piramal as an Insider Trader

Piramal was accused as an “insider trader“. The violation of insider trading regulations by Mr. Piramal was pointed out by SEBI, India, though it was later refuted by the SAT, India, after Piramal’s appeal.

Piramal Enterprises fined Rs.6 lakh for insider trading VIEW HERE ⤡ (As reported on 5th October, 2016 ©The News Bytes)

PUNISHMENT FOR INSIDER TRADING:

An Instance of Punishment for Insider Trading: Rajat Gupta

Rajat Gupta fined $13.9 million for insider trading VIEW HERE ⤡ (As reported on 18th October, 2016 ©The Hindu)

Why is Ajay Piramal not punished yet for such similar insider trading?

Instance 3: Defamation against the DHFL Victims

Yet again, the Piramal Group has filed a threatening defamation against some of the DHFL Victims for committing “irreparable damage” to his so-called “spotless reputation”, after those victims pointed out the following issues:

b) Using Dubious Names (PCHFL and/or Piramal Finance) ⤡ ⤡ and Claiming Ownership of DHFL⤡ while the company’s ownership-issue is still sub judice and has been questioned by the NCLAT (27/01/2022). After the said verdict, Piramal hastily took his recourse to the Supreme Court of India, emphasizing on IBC Section 32A; on the other hand, the 63 Moons’ case (to which the NCLAT replied through the previously mentioned verdict) emphasized on the Section 66 of the IBC⤡, which provides for the benefit of all the creditors;

c) Enlisted Mr. Piramal’s past deeds and controversies;

Piramal hired the DSK Legal Team to raise a crusade against the lower-middle class victims (most of whom are senior citizens, physically ailing persons, widows/widowers) of a manufactured financial abuse:

We are compiling the points and counterpoints to that defamation through the following URLs:

Instance 4: The Sins of Piramal’s Real Estate Business

It is to be mentioned that Mr. Krishnaraj Rao was threatened by Real Estate Developers after he exposed the problems of Piramal Realty and other developers:


EXPOSING PIRAMAL REALTY: KRISHNARAJ RAO

Instance 5: Anti-Green Sinner or Eco-Terrorist and The Narrative Of Stay Orders

Mr. Piramal, as an influential person as a secondary kin of Mr. Mukesh Ambani, a crony business tycoon, has also an obsession of taking stay orders on anything that goes against him. For Example, Piramal Enterprises, when it committed a grievous sin against the mother nature by polluting one of the pañca mahābhūta, viz., water, Mr. Piramal had got the stay order but later on he was condemned by the National Green Tribunal (NGT) for getting “blanket stay order”.

NGT refuses blanket stay on EC to be paid by Piramal VIEW HERE ⤡ (As reported on March 26, 2021 ©The Times of India)

The similar kind of events were observed in the case of DHFL. He got the stay not only from NCLAT (25/05/2021), but also from the Hon. Supreme Court, which gave him “blanket stay order” (11/04/2022) on the NCLAT verdict.

Moreover, Mr. Piramal is an Eco-terrorist, like a sadist, who takes nature (including human being) as a free gift, annihilates the biodiversity as well as financial eco-system without any hesitation.


This type of violent action goes against the mottoes of his mission Piramal Sarvajal ⤡ and his CSR project (so-called philanthropy for saving taxes) of Piramal Foundation⤡.

III. PSYCHOANALYTIC INTERPRETATION

We consulted a psychoanalyst to understand the reason behind Mr. Piramal’s multiple “defamation drives” as to what causes such a psyche and from where does such behavioural patterns emerge. Not only that, Mr. Piramal also tries to step away from his socialization process again and again by hiding/locking his profiles on the social media, suspending company accounts etc.


Why is Mr. Ajay Piramal hiding himself from the socialization process?

The psychoanalyst (psychiatrist’s anonymity being maintained by not mentioning the proper name) took some time to listen to us, after which she answered:

“Such a corporate psyche is the result of the existence of schizophrenic divided selves inside one person which makes him/her to engage in compulsive behaviour (a form of OCD, following DSM V) accompanied by a deep-seated personality aberration of Persecutory paranoia, causing doubts that someone might harm him/her in some manner or the other. People having this type of delusional disorder believe that someone or something is either mistreating, spying on, blaming, accusing or is attempting to cause injury. Persons affected with this kind of delusional disorder may make repeated complaints to legal authorities against certain persons or groups of individuals. This type of personality generally take their refuge to a religious guru⤡. Moreover, in Instance 5, we have seen that this corporate tycoon has a particular affinity and habit of getting stay orders as well as putting stay orders, along with his incessant urge to file defamation cases. This tendency to take legal recourse again and again also comes under the purview of OCD.”

She also added that, Amartya Sen used the term “Schizophrenia”⤡ to refer to the Modi Government’s role during the P(l)andemic.

The psychoanalyst sent us the following link to substantiate her claim:

She also cited a different type of psychoanalytic take on the capitalist mind, the main source of the sick society:

Usual Disclaimers Apply

regarding the psychoanalytic point of view.

IV. CONCLUSION

Buying a company at a thousand percent premium is to be compensated by “other” means, which is evident in Mr. Piramal’s hostile act of occupying the DHFL by depriving more than one lakh FD and NCD Holders (buying the DHFL’s 45k crore of worth of assets for only a rupee).

In the context of the crony capitalism, the rule of the game is satisfying political leaders and depriving/exploiting the mass. In this way, the concentration of wealth is becoming evident in Mr. Piramal’s personality.

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