[Exposed] The web of lies of alleged fact-check portal AltNews & directors.
Pravda Media (parent co), a not-for-profit, not just making huge profits but systematically retaining most of them.
Let's take a deep dive into the financial stats of the 'charity'. #TheHawkEyeThread 1/
Pravda, largely run by a trio Nirjari Sinha (promoter & MD) & 2 directors- Pratik Sinha, son of MD (i.e. related party) & Md Zubair.
They often claim crowdfunding as 'only source', however, 38% of funds are institutional grants & 9% comes from interest on FD & other income. 2/
In past 3 years, IPMSF (donated 1.7Cr), same org that funds most of the leftist media. Infosys (10L)’ KRN Murthy is ex Ford Foundation who mediated with MEA/MHA when it was on verge of shutdown. Zindabad Trust (8.5L) run by Arundhati Roy, doesn’t need an introduction.
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The directors often pretend to struggle for the monthly fund target, while Pravda has 2.7Cr Reserves (UNUTILISED).
Interestingly crowdfunding (2.9Cr) in the past three years is almost equal to UNUTILISED funds (2.7Cr).
And the bank FD increased from 13L to 1.7Cr same time. 4/
Given the total expenses, Pravda's operational cost is ~9.6L per month.
Simple maths, with 2.7Cr of reserves, the company can run (with the same hefty salary structure) for the next 28 months without any source of income.
And all this while there is frequent fund appeal!! 5/
Quick snapshot of Pravda's financial:
> 2.7Cr Unutilized, includes
> 1.7Cr FD
~FY20-21~
> 1.96Cr, Revenue
> 80L, Net Profit
> 1.16Cr, Expenses that includes
> 54L, salary of 3 directors i.e.
> 47% of overall expenses
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> In easy understanding 80 (net profit) + 54 (salary) = 1.34Cr, i.e. 68% money route to home only.
(54L breakup= N'Sinha 6L, P'Sinha 24L, MdZu 24L)
> Pravda's revenue shot up 5x and so reserves turned 11x in the past 3 yrs.
NOT to forget, all under tax exemptions of Sec 8.
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As per a claim by director Zubair in Dec'21, institutional grants are now discontinued. However, this doesn't match with the IPSMF website that shows Alt News as "active grantees".
In any case, no surprise if the grants are withheld given the reserve funds for 28 months. 8/
A Sec-8 reg company is exempted from taxes as the objective of establishment is charity. The company, if making a profit, the objective remains same & and funds must be utilized for said charity purpose only.
Read the underlined clauses in AOA and MOA carefully. 9/
Applicability may be contested, but despite having good reserves, even during the peak of the pandemic, Pravda hasn't spent anything on CSR (Corporate & Social Responsibility) which is 2% of average net profit for the past three years. 10/
Apart from loud & clear financial stats, misleading claims, high possibility of either misusing or violating laws, Pravda apparently doesn't meet the objective of "independent publication in the public interest" with highly biased views, manipulative (at times).
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Check this thread by @vijaygajera where misusing of Sec8 & IPSMF funds were highlighted in Aug’21
Amidst the #InformationWar, 'The Hawk Eye' is an attempt to connect the dots against industrialized disinformation campaigns. Support the efforts & be an eye:
'Where is updated report?'
'Nahi dali, as simple as that'
For the record, these are shocking responses from MD, Pravda in the public domain when confronted by donors seeking transparency which they are committed to as a tax-exempted charity co that runs on public donations. 16/
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This thread will shock you to the core, the life will come full circle.
Do you know thay Madhabi/Dhavan Buch are 26/11 Mumbai attack survivors?
The ugly story of terrorism, economy, insiders, short-sellers, and geopolitical gains.
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The moment you read this thread, take a backup, as it is extremely likely to take down or my a/c may suspend within hours.
Here you go!
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26/11 Mumbai Attack was the most dreaded trrst attack on the Indian soil. Some ISI trained Jíhadists intrude India through water route, deboarded Mumbai, and opened blind fire with automatic weapons kiIIing 100s of innocent at Hotel Taj, Oberoi, Nariman point, etc.
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Rushikonda Hill Palace is 14x more expensive, + a destroyed hill, yet neither BJP nor Congress or any environmentalists top the guns against Jagan Reddy!
Why?
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The features of the palace are crazy.
- 200 chandeliers @₹15L each
- cosy interior ₹33cr
- imported furniture, spa, jacuzzis
- commodes @ ₹15L each
- landscaping of exotic imported plants & grass
- advanced sound system, humongous home theatre
- multi-hued illumination 2/
The place originally was tourism deptt run resorts with 58 rooms. Reddy converted this lavish 44acre land into residence-cum-camp-office with just 12 rooms and rest are conf halls and chambers.
PM Modi's pursuit of a third term was fraught with challenges, particularly due to well-organized foreign interference. While we are familiar with the 'ecosystem', significant new dimensions and actors have emerged, overlapping to the political dynamics of the United States.
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There was a massive surge in the anti-Modi , anti-govt narrative during Apr-May'24, just before/during GE. These activities were carried out in two separate (but complementary) formats:
(a) organising events, lectures, semi/webinars by certain West orgs or NGOs and then amplified by associated entities, online & social media space;
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(b) publishing critical write-ups OpEd in prominent international publications in a regular manner. Just to feel the amplitude, 175+ articles were published by The Guardian, Washington Post, Bloomberg, NYT, France 24,etc., during April-May 2024)
An attempt was made to influence Indian Election (mis)using AI model by generating fake anti-BJP and Pro-Congress opinions on social media.
OpenAI (famous for ChatGPT) busted 5 such covert operators who were exploiting their AI model.
Don't miss this thread!
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Let me explain it in easy words. AI models allows users to generate comments based on a certain input. One can easily programme it do this is mass level.
But what if an operator misuse it to generate fake opinions & deploy humans or bots to influence on the social media?
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OpenAI busted such 5 operators, whereas 2 were related to Russia, 1 for China, 1 for Iran, and 1 for Gaza conflict and Indian election.