[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
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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.
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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.
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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!!
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