Muttalik, Tisha confess to foul play; TWC says don't rely on us

Raam Sena chief Muttalik and Tisha, the 'brain' behind the 'pink underwear' campaign confessed today to having stage-managed the entire Valentine's day episode every year to benefit a certain underwear manufacturer in South India, owned by Tisha's father. In a letter filed with SEBI, Tisha said, "I blame it all on the 2008 recession. People tend to repair existing chaddis rather than buy, in an economic downturn. End 2008 was when we got to know of Muttalik, who had won the 'Sathhyam young enterpreneur' award for his business plan of starting an extremist right wing party funded by mainstream media. Over many cocktails in Mangalore, we came up with a way of working together. He was supposed to create a ruckus about 'loose' women, which he did a bit too well, in fact. I would then start this campaign that would help us hit record sales of underwear and turn around dad's company, which also went exactly as per plan. The profits were housed in a shell company owned 50% each by Muttalik and myself. The business worked like a charm - these chaddis bought every year by faithful activists, got couriered to Muttalik, shipped back to the factory and recycled the next year. We did this every Valentine's day for 5 years and went public in 2014. We then started overstating chaddi sales to keep up with competition which had the advantage of uniform sales throughout the year. It was like holding the tail of a chaddi-less tiger, which you can't let go of. When the soiled 6-year old chaddis went again this year, people started smelling something. It was all downhill from there. I have to say that at no time did I siphon these chaddis for my own or Muttalik's use.'
When contacted, TWC, the statutory auditors of this company had this to say :'We aren't that good at audit really. Don't rely on us'