GOYAL'S PAUPER CLARIFICATION IS EYEWASH : Rs 22,006 CRORE LOOT FOR Rs 6.5 CRORE IS PROOF OF LOOTER'S DEMOCRACY: KISHORE TIWARI

GOYAL'S PAUPER CLARIFICATION IS EYEWASH : Rs 22,006 CRORE LOOT FOR Rs 6.5 CRORE IS PROOF OF LOOTER'S DEMOCRACY: KISHORE TIWARI

Nagpur, 30th August 2026

Grassroot activist Kishore Tiwari, who has fought for 40 years for farmers, tribals and unorganized workers in Vidarbha, today said the Subhash Chandra Goyal Clarification Is Eyewash and his episode is not a single fraud but the autopsy report of 79 years of independent India now turned in to Banana Republic where  capilists taking charge for the law makers and these handful capitilts are guiding the all excutives of coutry to rum the country at thier wiish and will.

1.Clarification Is Eyewash:

Tiwari said Goyal's clarification after outrage - that he was only personal guarantor for Rs 3,992 crore and not Rs 22,006 crore - is eyewash. Whether Rs 22,006.57 crore or Rs 3,992 crore, NCLT Delhi on 26th August approved only Rs 6.5 crore. That is 99.97% and 99.83% loot respectively. Goyal said he never borrowed personally, but LIC Housing Finance had Rs 1,322.39 crore claim and was offered Rs 38.09 lakh (0.028%), as reported by Business Today, Economic Times and Moneycontrol. HDFC, Canara, Union, Axis, RBL opposed. Union Bank will go to NCLAT. Even Vijay Mallya called it "Indian Debt Resolution Justice."

2. Mauritius Loot While Pleading Pauper:

Tiwari said while Goyal cried pauper on his own channel, his promoter Sunbright Mauritius Investments paid Rs 659.76 crore cash on 21st August for 20.94 crore warrants at Rs 126 in Zee Entertainment. Total deal Rs 3,143.52 crore till Feb 2028 to take 18-20% stake, confirmed by Moneycontrol and Times of India. Tiwari called it round-tripping of public money.

3. Rs 119 Crore Suspicious FPI in Loss-Making Zee Media:

Tiwari said in May-June 2026, loss-making Zee Media raised Rs 119 crore via 14 crore warrants to three Mauritius funds - Magnifica Global, Minerva Ventures, Sun India Opportunities, confirmed by CNBC TV18. Tiwari asked why foreign funds would invest in loss-making media unless they are Goyal's own shells.

4. 81% Creditors are Own Shells:

Tiwari said 81% creditors who approved Rs 6.5 crore are Essel Group's own shell companies. By creating majority of own companies, Goyal brought LIC and banks to zero. This is rigged majority.

5. Why Modi Government Protects Him - Vishwaguru Deal:

Tiwari said Goyal is media giant who projects PM Modi as Vishwaguru 24x7, suppressing farmer suicides, unemployment, slum condition. Zee News, WION never show real India. In return, he gets NCLT protection. SEBI, ED, CBI are silent. This is Godi Capitalism.

6. Why Opposition Is Part of Corruption:

Tiwari said main opposition parties are custodian of same loot. Congress, NCP and others who ruled Delhi and Maharashtra between 2009-2019 allowed Essel loans, allowed LIC to invest Rs 1,322 crore, gave thousands of crores in government ads to Zee. They inaugurated Essel World. Today they tweet outrage, tomorrow they will do same. Across party lines, Indian politicians are part and parcel of corruption.

7. Judges, Executives are also Party to Corruption:

Tiwari said NCLT, which was brought in 2016 as recovery law, now gives 95% to 99.97% haircuts. Parliamentary Standing Committee headed by Jayant Sinha itself said haircuts up to 95% and 71% cases pending beyond 180 days show deviation. ICRA says 78% cases crossed 270 days, average 744 days. Tiwari said judges, executives are party to this corruption, as seen in Sterling Biotech where banks took 65% haircut and returned company to same promoter facing money laundering charges.

8. Public Welfare Result Zero:

Tiwari said public fund being siphoned and public welfare schemes result is zero. Rs 22,006 crore could build 2.2 million houses, 22 AIIMS-like hospitals, 10,000 schools, and waive crop loans of 8.8 lakh farmers who died since 2016. Instead, 10,546 farm sector persons died by suicide in 2024 alone, including 4,633 cultivators, and over 3.9 lakh between 1995-2023 as per NCRB. Government stopped publishing farmer suicide data since 2016 after being questioned in Lok Sabha.

9. Debt Trap and Looter's Democracy:

Tiwari said external debt was USD 440.6 billion in March 2014 and USD 736.3 billion in March 2025, 67% rise, fastest in 7 years, now USD 762.8 billion. Interest payment rose from USD 15.08 bn to USD 22.54 bn. World Bank warned debt gap in developing countries at 50-year high. Tiwari said 82% of new borrowing pays old interest. India is debt-trapped while capitalists mint money.

10. Goyal Is Like Mallya, Nirav Modi:

Tiwari said Goyal is economic offender like Mallya and Nirav Modi. Difference is Mallya and Modi fled, Goyal has a studio supporting power, so he gets reward. Government declared 15 persons as Fugitive Economic Offenders till Oct 2025 including Mallya and Nirav Modi, but protects Goyal.

DETAILED CHARGE SHEET

Kishor Tiwari said India is a developing country where 99% people are deprived of good public education, public health, houses, potable water, roads and jobs. Over 6.54 crore people live in slums as per 2011 Census, now estimated over 10.4 crore by UN-HABITAT. Half of India will live in cities by 2025 leaving villages in pathetic condition. Nearly 50 crore people belong to farmer families. Remaining are below poverty line, living in slums or footpaths. Youth unemployment is at peak - 15.3% in 15-29 age group in June 2025, 18.8% in urban India, and 17.4% among young women, as per PLFS and Times of India. Women labour participation is below 22%. Yet multi-thousands of crores are siphoned out by a handful of capitalists.

Tiwari said his agony is that in last 79 years, government failed to give food security, jobs, houses, potable water, roads, good schools and best public multi-speciality hospitals. Everything is privatized. There is no regulatory mechanism, resulting in crony capitalist country where human values are missing now Gen Z should start  agitation against this Looter's Democracy.

Demands

1. Supreme Court-monitored SIT on NCLT 99.97% order and 81% shell creditors. 

2. ED/CBI probe and attachment of Sunbright Mauritius and three FPIs under PMLA, disclose ultimate beneficial owners. 

3. White Paper on corporate haircuts since 2014 vs farmer suicides since 2016 and external debt rise from USD 440.6 bn to USD 736.3 bn. 

4. Ban all government ads to Zee till dues cleared; if Rs 22,006 crore can be settled for Rs 6.5 crore, waive Rs 25,000 crop loans of 3 lakh Vidarbha farmers. 

5. Nationalization of private health and education and strong regulatory mechanism. 

If not, Tiwari will launch Bank Bachao, Desh Bachao Satyagraha and approach Supreme Court and World Bank Integrity Vice Presidency, warning foreign investors that  in India, if you own a TV channel praising PM, you get 99.97% waiver. If you don't, you pay full.

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Kishore Tiwari

President, Vidarbha Jan Andolan Samiti

contact mobile-9422108846

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