[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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FACT CHECK:
@IndianExpress published an article citing a 'fact check' for the fact which was never said!
Entire left cabal jumped on the news, in a very coordinated manner, misleading everyone.
Let's check it one by one.
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To start with, it was clear to everyone that said $21mn funds for India were CANCELLED by DOGE. i.e. it was funnelled but halted before it could released or received by anyone.
So, the headline "did not go to" itself is blatantly wrong by all means.
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This one line doesn't stop here but carries a hidden agenda and fake narrative crafting that "it was a big misunderstanding that USAID funds India to influence elections". Vicious!
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It looks like there is a big tussle going on between Fantasy Gaming and Opinion Trading (OT). There are links to the involvement of USAID, Ford Foundation etc in influencing policy makers against the OT.
Unmissable Thread🧵
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This is a relatively new subject at large so understand the basics first.
Fantasy Gaming 🏏 : apps like Dream11, My11Circle etc. which let users create virtual teams (like IPL). If chosen players do well, you win real money!
2/
Opinion Trading 📊: This is something new & rising platform like Probo. Here, users predict outcomes of real-world events like elections, matches, stock etc. Right prediction = earn money. Its like a stock market for opinions.
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The newly formed @DOGE cancelled $21M funding for NGO CEPPS for a program 'voter turnout in India'.
CEPPS website is defunct now.
Was it the first attempt at electoral interference in India by USAID? The answer is - NO.
IMPORTANT THREAD🧵
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USAID program "Elections and Political Processes", to "Promote legitimate contestation for ideas and political power through democratic political processes that reflect the will of the people".
Gimmicks! The real agenda is influencing the elections.
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In 2013, USAID pledged half a million dollars for India under the same category.
Funding Agency - Deptt of State
Managing agency - USAID
Implementing Parter - Consortium for Elections and Political Process Strengthening (CEPPS).
In May'24 US State Deptt hosted an event bringing 22 young rappers, singers, DJs etc across the world, including India, aiming to promote "art as activism" in their home countries.
Do you know who was invited from India and Why?
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. @MikeBenzCyber , who is on a spree of exposing USAID and State Deptt for their funding flood to establish 'assets', just posted about a program organised by US State Deptt where they invited young artists for a two weeks workshop in May'24.
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Deepa Unnikrishnan (Dee MC) was invited from India. The rapper then had a moderate 96K followers on Insta, 66K subs on YT.
I wondered then what made her profile so special to be invited by US St Deptt?
I went through her public profiles and it seems I've an answer.
Its been one year of pran-pratishtha of Ram Mandir and what has been achieved after spending a whopping Rs 1800 crores on a temple instead of 15 hospitals of 200 beds capacity?🤷♂️
Let's take a deep dive.
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In 2024, Ayodhya overtook Taj Mahal and became the UP's top visiting place with 13 crores of domestic visitors and 3100 international, leaving behind Agra with 12 cr visitors.