Devendra Tak

Storyteller. Cultural Producer. Humanitarian Communicator.

[Devendra Tak @devendratak]

'We are the Champions' at #JaipurLitFest2020 @JaipurLitFest we look forward to your feedback @soniandtv for these 15 inspiring stories of children bringing change to their communities & the world @stc_india @rashmibansal #JaipurLitfest #Jaipur

[Devendra Tak @devendratak]

Caught up with #jlo Jennifer Lopez in LA tonight at an event for @officeromance
#officeromance for @netflix Jennifer Lopez STUNS Fans on Hollywood Blvd today 😍 https://t.co/RbkBpKG5kK

[Devendra Tak @devendratak]

Taking off for LA

[Devendra Tak @devendratak]

Bích Phương LIVE at Larue Lumifest 🇻🇳 | Đà Nẵng New Year Countdown 2026. Happy New Year everyone ❤️
https://t.co/V1RLZ28How

[Devendra Tak @devendratak]

ĐEN LIVE at Larue LumiFest 2026 | Epic New Year’s Eve Party in Da Nang 🇻🇳🎆
https://t.co/XglQib0eYW

[vijay @Vic_Vij]

Corporate takeovers saved Satyam, but 'Takeover' shouldn't apply to fugitives escaping the law. From Mallya’s London life to Amardeep Singh’s vanishing act in the [@RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice (Amardeep Singh)] case, the lack of Interpol action is a mockery of justice. When do the depositors get their Satyam-style closure?

[vijay @Vic_Vij]

The “research-oriented” startup narrative is increasingly being used as a laundromat for illegal funds.
@iPravinKaushal’s @livemint piece on so-called “patient patents” lays bare the mechanism: patents are filed for valuation optics, not innovation. With barely a 16% grant rate, these filings serve as camouflage for where the capital actually comes from.

Case in point: the @RameshNarasimh9 @WorldlineMS @PAVacheron @TheOfficialSBI @FalconInvoice (Amardeep Singh) scam. The Enforcement Directorate has mapped a ₹4,215 crore global money trail. The statutory auditor, Sharad Chandra Toshniwal, is already in custody for assisting in laundering these proceeds of crime into specific hardware and healthcare entities.

As per the ED, ₹23.6 crore of stolen investor money was routed as equity and loans into an entity that is now brazenly preparing for an IPO. How does a company built on proceeds of crime even reach the public markets?

We celebrate “innovation”, but what we are witnessing is patent theatre masking a Ponzi foundation. When the capital is criminal and the auditor is in jail, an IPO is not an exit. It is a transfer of risk to the public.

[vijay @Vic_Vij]

Exactly. And the pattern repeats everywhere.
When big borrowers default, bankers call it a “haircut.”
When ordinary citizens lose money whether in the
[@RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice (Amardeep Singh)] bust-out or through system failures, there is no framework, no urgency, and absolutely no accountability.
In the Falcon case:
1️⃣ Acquirers @WorldlineGlobal and @TheOfficialSBI onboarded the merchant in the wrong MCC category
2️⃣ Bankslike @HDFC_Bank closed disputes citing “case in court”
3️⃣ The escrow bank (@ICICIBank) gave permanent credit to one customer while blocking everyone else
4️⃣ @RBI closed every complaint as “duplicate” without reviewing evidence

Large defaulters get 94% waivers.
Middle-class taxpayers get silence or a damaged credit score.

This inequality isn’t an accident.
It’s baked into the system.

[vijay @Vic_Vij]

Tagging relevant offices, regulators, journalists, and investigators for visibility: @narendramodi @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS @suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh @AMF_France_News @FranceFintech @FinTechFrance @France24_en @LesEchos @Mediapart @fabricearfi @devinamehra @SajjanarVC @svembu

[vijay @Vic_Vij]

We demand a @dir_ed Enforcement Directorate (ED) and Financial Intelligence Unit–India (FIU-IND) audit of @WorldlineMS, @WorldlineGlobal, @RameshNarasimh9 and @TheOfficialSBI’s Suspicious Transaction Report (STR) and Anti–Money Laundering (AML) monitoring for the @FalconInvoice merchant IDs and acquiring accounts covering June 2020 – February 2025.

Public reporting shows an unexplained +2589% spike in processing volume, with funds routed into suspect shell entities and crypto channels - classic bust-out red flags that should have triggered STRs under any basic AML framework.

@HDFC_Bank has shown inconsistent dispute handling, they acknowledged the refund queries on November 15 and committed a response by November 25, but provided no reply even by November 26. Such delays violate their own Principal Nodal Officer commitments and leave affected customers without clarity or resolution.

@ICICIBank, which held the Escrow account for these flows, in a display of inconsistent governance, granted a permanent credit in July to one customer… while simultaneously withholding funds from all others, citing a vague “case in court' closed chargeback disputes prematurely.

@RBI has been closing every complaint on this as “duplicate” without reviewing the new evidence, the AML/STR failures, or the fact that majority of disputed flows passed through @ICICIBank_Care .
This is a regulatory oversight failure.
Regulators must publish whether STRs were filed, when, and by whom and why refunds to affected cardholders remain blocked.

#PMLAViolation #AMLFailure #WorldlineSBI_Falcon

Nous demandons un audit de l’Enforcement Directorate (ED) et de la Financial Intelligence Unit–India (FIU-IND) concernant la surveillance des Suspicious Transaction Reports (STR) et des procédures Anti–Money Laundering (AML) effectuées par @WorldlineFS @PAVacheron , et @TheOfficialSBI pour les identifiants marchands et comptes acquéreurs de @FalconInvoice sur la période juin 2020 – février 2025.

Les rapports publics montrent une hausse inexpliquée de +2589 % du volume, avec des fonds dirigés vers des sociétés écrans suspectes et des canaux crypto des signaux classiques de schéma “bust-out” qui auraient dû déclencher des STR dans n’importe quel cadre AML sérieux.

HDFC Bank a également montré une gestion incohérente des litiges : la banque a accusé réception des demandes de remboursement le 15 novembre et s’est engagée à répondre avant le 25 novembre, mais aucune réponse n’avait été fournie au 26 novembre. De tels retards enfreignent les engagements du Principal Nodal Officer et laissent les clients affectés sans aucune visibilité ni résolution.

ICICI Bank, qui détenait le compte Escrow pour ces flux, a fait preuve d’une gouvernance incohérente en accordant un crédit permanent en juillet à un client, tout en bloquant simultanément les fonds de tous les autres, en invoquant un vague « dossier en cours devant les tribunaux », et en clôturant prématurément les rétrofacturations.

@RBI a classé toutes les plaintes comme « dupliquées », sans examiner les nouvelles preuves, les défaillances AML/STR, ni le fait qu’une partie importante des flux contestés est passée par @ICICIBank_Care.
Il s’agit d’un manquement réglementaire majeur.
Les régulateurs doivent publier si des STR ont été déposés, quand, par qui et pourquoi les remboursements aux titulaires de cartes restent bloqués.

#PMLAViolation #AMLFailure #WorldlineSBI_Falcon

[vijay @Vic_Vij]

✍️ #SundayMusings
The best validation isn’t applause, it’s engagement from people who set the standards.
Humbled by acknowledgments from Sucheta Dalal ji (accountability) and Sridhar Vembu avargal (architecture). Their work is a reminder that truth and engineering excellence are non-negotiable.

And that brings us to today’s #SundayMusings - banks, bad actors, and the new rules of accountability.

Eleven Months, Clear Facts, Missing Refunds

Seven months of waiting for a hearing… and in the meantime, major banks didn’t just close customer disputes in the [@RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice (Amardeep Singh)] case - even the @RBI Ombudsman closed complaints saying “the matter is in court.”

And yet, the facts are painfully clear:

@Mastercard @mastercardindia @Visa_IND @Visa @RuPay_npci have all confirmed:

✔️ Chargebacks are valid
✔️ Services were not provided
The contrast today could not be sharper:

#AUSmallFinanceBank with fewer resources and far less noise filed an affidavit supporting customers.
A small bank showing more spine than the giants.
So @RBI… are you watching?

If a small bank can stand with its customers,
what exactly are the other banks @HDFC_Bank @ICICIBank @AxisBank @KotakBankLtd @IDFCFIRSTBank ... waiting for?

What exactly are you waiting for?
The facts are clear.
The networks are clear.
The services were never delivered.

Only the refunds are missing.

It’s time the silence broke and the money returned to the people it belongs to.

@narendramodi @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS @suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh @AMF_France_News @FranceFintech @FinTechFrance @France24_en @LesEchos @Mediapart @fabricearfi @devinamehra @SajjanarVC @svembu

✍️ #RéflexionsDuDimanche

La meilleure des validations, ce n'est pas l'ovation — c'est l'engagement des personnes qui définissent les normes.

Je suis touché par la reconnaissance de Sucheta Dalal ji (sur la responsabilité) et de Sridhar Vembu avargal (sur l'architecture). Leur travail nous rappelle que la vérité et l'excellence en ingénierie sont non-négociables.

Ceci nous amène aux #RéflexionsDuDimanche d'aujourd'hui : les banques, les acteurs malveillants et les nouvelles règles de la responsabilité.

Onze Mois, Faits Clairs, Remboursements Manquants

Cela fait maintenant onze mois que les victimes ont déposé des litiges.
Et sept mois d’attente pour une audience… pendant lesquels les grandes banques n'ont pas seulement clôturé les litiges clients dans l'affaire Worldline – SBI – Falcon (Amardeep Singh) — même l’Ombudsman de la RBI a clos des plaintes en déclarant que « l'affaire est devant le tribunal ».
Pourtant, les faits sont d'une clarté douloureuse :

✔️ Les chargebacks sont valides

✔️ Les services n'ont pas été fournis

(confirmé par Mastercard, Visa et RuPay)

Le contraste aujourd'hui ne pourrait être plus frappant :

AU Small Finance Bank, avec moins de ressources et beaucoup moins de bruit, a déposé un affidavit en faveur des clients.
Une petite banque qui fait preuve de plus de courage que les géants.

Alors RBI… regardez-vous ?
Si une petite banque peut soutenir ses clients, qu’attendent les autres banques -HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IDFC FIRST Bank ...?

Les faits sont clairs.
Les réseaux sont clairs.
Les services n'ont jamais été rendus.

Seuls les remboursements manquent.

Il est temps que le silence soit brisé et que l’argent retourne aux personnes à qui il appartient légitimement.

[vijay @Vic_Vij]

🔍 The audit says “all under control.” The evidence says otherwise.

🚨 WORLDLINE'S DUAL REALITY: Audits vs. Accountability on the @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice case

Today, @WorldlineGlobal tells investors its risk framework is “properly confirmed” and its high-risk portfolio is “under control” (post-Q3/Audit).

📉 The Indian Reality (The Proof):

Corporate Smear Exposed:
Internal @WorldlineMS letters requested @TheOfficialSBI (Acquirer) to REJECT victim chargebacks 🛑 not to protect consumers, but to protect @WorldlineFS escrow 🔒 shamelessly claiming victims were “hand in glove” with fraudsters 🤥.
This is the truth of their accountability.

The Due Diligence Lie:
This “proper” framework failed spectacularly ❌.
It allowed Falcon’s transaction volume to explode by +2589% 🚀 under financial code MCC 6012 without a single alert 🚩. That failure enabled the entire ₹792 crore bust-out.

The Recovery Farce:
Despite the @dir_ed filing a chargesheet (Oct 2), only ₹18.14 Cr (<2.3%) of the stolen money has been secured.
The court must stop the delays ⏱️, reject @WorldlineGlobal’s legal obstruction, and prioritise ₹773+ Cr in victim refunds 💸.

@WorldlineGlobal cannot claim “robust compliance” globally while using legal tactics to victim-blame and evade responsibility in India ⚖️.

@narendramodi @rbi @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS @suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh @AMF_France_News @FranceFintech @FinTechFrance @France24_en @LesEchos @Mediapart @fabricearfi

🔍 L’audit affirme que “tout est sous contrôle”. Les faits disent le contraire.

🚨 LA DOUBLE RÉALITÉ DE WORLDLINE : Audits vs Responsabilité dans l’affaire @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice 🚨

Aujourd’hui, @WorldlineGlobal affirme à ses investisseurs que son cadre de gestion des risques est « dûment confirmé » et que son portefeuille à haut risque est « sous contrôle » (rapport du T3/Audit).

📉 La réalité indienne (Les preuves) :

Diffamation institutionnelle :
Des lettres internes de @WorldlineMS ont demandé à @TheOfficialSBI (acquéreur) de rejeter les demandes de remboursement 🛑 — non pas pour protéger les consommateurs, mais pour protéger l’escrow de @WorldlineFS 🔒 — allant jusqu’à accuser les victimes d’être « complices » des fraudeurs 🤥.
Voilà leur conception de la responsabilité.
Le mensonge de la “diligence raisonnable” :
Ce cadre prétendument “solide” a échoué de façon spectaculaire ❌.
Il a permis au volume des transactions de Falcon d’exploser de +2589 % 🚀 sous le code financier MCC 6012, sans qu’aucune alerte ne soit déclenchée 🚩.
Cet échec a rendu possible tout le détournement de ₹792 crores.
La farce de la récupération :
Malgré le dépôt d’un acte d’accusation par la @dir_ed (2 octobre), seulement ₹18,14 crores (<2,3 %) des fonds volés ont été récupérés.
La justice doit mettre fin aux reports ⏱️, rejeter les manœuvres juridiques de @WorldlineGlobal, et prioriser le remboursement des ₹773+ crores dus aux victimes 💸.

@WorldlineGlobal ne peut pas prétendre à une « conformité robuste » à l’échelle mondiale tout en utilisant des tactiques juridiques pour blâmer les victimes et échapper à ses responsabilités en Inde ⚖️.

[vijay @Vic_Vij]

While @WorldlineGlobal tells investors it’s 'refocusing' its business cutting forecasts, selling assets, and promising stronger compliance thousands of Indians still await refunds from the @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI –
@FalconInvoice payments case.

The same company @WorldlineGlobal now admits 'uneven anti-financial crime controls' across units yet refuses to engage with victims or clarify its India-linked lapses.

It’s ironic: global investors get strategy updates and disposal plans, but Indian consumers who trusted @WorldlineFS's licensed platform still get silence. Accountability isn’t a quarterly target, it’s a moral one.

The next court hearing in this matter is scheduled for November 12th. This date was secured only because an Interlocutory Application (IA) was lodged. How many more hearings must thousands of victims wait through until justice is finally provided? The system's fault remains evident.

@narendramodi @rbi @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS @suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh @AMF_France_News @FranceFintech @FinTechFrance @France24_en @LesEchos @Mediapart @fabricearfi

Alors que @WorldlineGlobal assure à ses investisseurs qu’elle « recentre ses activités », qu’elle révise ses prévisions et promet une meilleure conformité, des milliers d’Indiens attendent toujours les remboursements liés au dossier @FalconInvoice.

@WorldlineGlobal admet désormais l’existence de « contrôles de lutte contre la criminalité financière inégaux » entre ses filiales, mais refuse de dialoguer avec les victimes ou de clarifier ses défaillances en lien avec l’Inde.

Ironie : les investisseurs obtiennent des plans stratégiques, les consommateurs indiens n’obtiennent que le silence.
La responsabilité n’est pas un objectif trimestriel — c’est un impératif moral.
Prochaine audience : 12 novembre, date obtenue via requête incidente (IA).
Combien d’audiences encore avant que justice ne soit rendue aux milliers de victimes ?

[vijay @Vic_Vij]

Times of India - @TOIIndiaNews wants people to share their scam stories - https://t.co/uMjWOCAUQM when there are already thousands waiting for justice. Why not start with the @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice scam or the dozens in Hyderabad, where 1 in 4 FIRs is cyber fraud?
Instead of collecting stories, try investigating them. Enough of this nautanki, start doing journalism.

[vijay @Vic_Vij]

Fair points but now we’re veering far from what Sridhar was actually talking about: @Arattai, @Zoho, and building independent ecosystems. The vaccine debate is a whole different arena. Are you looking to push for reforms on this? Just wondering, because as you can see with my posts on the @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice payments case scam, public attention fades in a week.

[Falcon Victim @falcon_victim]

@timesofindia https://t.co/IF1GqeiD5d

[Falcon Victim @falcon_victim]

@timesofindia Falcon Invoice Discounting scam and SBI, ICICI and WorldLine enabled the scam. Fake Invoices of blue chip companies like Nestle,ACC,Britannia shown. judicial system is being misused to delay refunds by filing high court case against all banks and payment networks.

[vijay @Vic_Vij]

Many may cheer market optimism - liquidity, interest rate cuts, and Nifty projections but true confidence comes from accountability, transparency, and investor protection.

The @RameshNarasimh9 @WorldlineMS @PAVacheron – @TheOfficialSBI – @FalconInvoice case shows thousands of ordinary Indians still waiting for refunds, with court hearings repeatedly delayed. Importantly, the @RBI’s stricter Payment Aggregator regulations (escrow, KYC, net worth) came directly as a response to scams like Falcon, which we exposed through our posts, yet institutional avoidance continues.

It’s ironic like in the movie JollyLLB, when a lawyer fighting for the common man wants to add a critical witness, the court allows it. In reality, when we seek to add someone vital to the Falcon case, the court moves forward without it. The system’s fault is evident, and market optimism alone cannot fix that.

For full context, I encourage everyone to read my detailed posts on the Falcon-@WorldlineGlobal @WorldlineFS saga, @RBI interventions, and ongoing judicial proceedings. True growth requires trust and accountability, not just liquidity.

@narendramodi @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS
@suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh

[vijay @Vic_Vij]

⚖️ Advising banks to mitigate merchant frauds on one side, while enabling them on the other.
That’s the dark truth of corporate double-speak.
In its White Paper (Feb 2022), @WorldlineGlobal stated:
"The greatest risk an acquirer faces arises from merchant frauds," and liability lies with the acquiring bank.

Yet in the @FalconInvoice case, the partnership between @WorldlineMS and @TheOfficialSBI became the foundation of the fraud operating 3–4 years and processing over ₹3,400 crore in transactions before collapsing.
While @Visa , @Mastercard , and @RuPay_npci have stood with victims, @WorldlineFS leadership - Chairman #WilfriedVerstraete,
@PAVacheron and #SheikMohideen has chosen silence, deleting factual comments and refusing transparency. Even their own white paper contradicts their actions.

The Dirty Payments report already warned of profit-over-compliance practices worldwide.

When will external auditors reveal what @WorldlineFS has hidden the truth about the merchants, the lapses, and the losses?

Justice delayed is justice denied especially for thousands of ordinary, tax-paying Indians who lost their life savings.

#Worldline #FalconScam #SBI #MerchantFraud #PaymentScam #CorporateGovernance #JusticeDelayed #Visa #Mastercard #RuPay

@narendramodi @RBI @nsitharaman @nsitharamanoffc @PMOIndia @CIDTelangana @TelanganaCMO @Shikhagoel_IPS

@suchetadalal @josyjosephkj @afrozsahil @nehadixit123 @latha_venkatesh @chandrarsrikant @barandbench @SinghNavdeep @LiveLawIndia @SandeepParekh @svembu

⚖️ Conseiller les banques à réduire les fraudes des commerçants d’un côté, tout en les facilitant de l’autre.
C’est la dure vérité du double discours corporatif.
Dans son livre blanc (février 2022), @WorldlineGlobal précisait :
"Le plus grand risque pour un acquéreur provient des fraudes marchandes", et la responsabilité incombe à la banque acquéreuse.

Pourtant, dans le cas @FalconInvoice , le partenariat entre @WorldlineMS et @TheOfficialSBI a servi de base à la fraude opérant 3–4 ans et traitant plus de 3 400 crores INR avant de s’effondrer.
Alors que @Visa_IND , @mastercardindia et @RuPay_npci soutiennent les victimes, la direction de @WorldlineFS Président Wilfried Verstraete, Pierre-Antoine Vacheron et Sheik Mohideen a choisi le silence, supprimant les commentaires factuels et refusant la transparence. Même leur propre livre blanc contredit leurs actions.

Le rapport Dirty Payments avait déjà alerté sur les pratiques favorisant le profit au détriment de la conformité.

Quand les auditeurs externes révéleront-ils ce que Worldline FS a caché — la vérité sur les commerçants, les failles et les pertes ?

La justice retardée est une justice refusée — surtout pour des milliers de citoyens ordinaires qui ont perdu leurs économies.

[Rawat0007 @chnadan200]

🚨@Falcon scam ke mastermind ko pakadne mein system ko itna waqt kyon lag raha hai? #FalconScam #DemandArrest #JusticeForVictims #AmardeepKabPakdaJayega @rashtrapatibhvn @CIDTelangana
@EOWDelhi @AmitShah

[vijay @Vic_Vij]

You're absolutely right to trace everything back to that cancer of corruption. Your point about classifying it as treason seems less radical and more necessary when you look at how little the system deters them.

It’s a vicious cycle: Not only do we see news that the main orchestrators of the @FalconInvoice fraud are allegedly starting a new venture, but the victims are being repeatedly tormented by the justice system itself. The fact that the hearing has been rescheduled five times with no date for the sixth is a painful example of governance failure.

And the final insult is seeing these orchestrators like the individuals behind @RDPIndia glamorized by social media platforms. They get to rule 'happily ever after,' maintaining their public profile and freedom, while the honest, hardworking common man who paid taxes and trusted the system suffers daily. This impunity is exactly why we need laws with the deterrent power of Treason and UAPA.