Rajangam Jayaprakash

The unfolding investigations surrounding the Reliance Anil Dhirubhai Ambani Group (ADAG) have thrown up an uncomfortable question for India's enforcement architecture: how is it that senior executives are being arrested, interrogated, and chargesheeted while the group's principal promoter, Anil Ambani, remains largely outside the immediate prosecutorial spotlight in several of these proceedings? This is not an argument about guilt or innocence. The law must ultimately determine that. Nor is...

There are some speaking engagements that leave you with a sense of accomplishment. Then there are those rare occasions that leave you with a sense of hope. My recent interaction with the gifted young participants of Lodestone 2026, organized by the Pravaha Foundation at IIIT Hyderabad, belonged firmly in the latter category. I am deeply grateful to the Pravaha Foundation for inviting me to contribute to a program that seeks to shape young minds at such a formative stage of life. The very idea...

Independence Becomes a Legal Fiction I. Background: A Governance Question That Should Never Have Been Necessary Indian corporate governance has spent the better part of two decades trying to strengthen the institution of the independent director. Every major corporate scandal—from Satyam to governance controversies involving listed entities across sectors—has reinforced one central lesson: minority shareholders need credible voices in the boardroom that are insulated from the influence of...