The Bharatiya Janata Party (BJP) on Monday claimed that Hungarian-born U.S. investor George Soros is the primary investor in Hindenburg Research.
BJP on Hindenburg Research
“We want to raise some issues today. Who is funding Hindenburg? Are you aware of George Soros, who consistently runs propaganda against India? He is the main investor there,” stated BJP MP Ravi Shankar Prasad, according to ANI. “In their pathological hatred for Narendra Modi, the Congress Party has now developed a hatred for India itself.”
Prasad further questioned the impact on small investors if India’s stock market were disturbed. “In the Congress party’s politics, there is one toolkit politics and another chit politics. If chits are found in an exam, action is taken. But what should be done about the chits that the Congress party and its leaders receive? They want to crash the entire stock market, halt the capital investment of small investors, and ensure no economic investment in India,” he added.
Soros, a vocal critic of Prime Minister Narendra Modi, founded the Open Society Foundation. The BJP accuses him of attempting to interfere in India’s democratic process.
On Saturday, U.S.-based Hindenburg Research released an explosive report alleging that Securities Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch held stakes in obscure offshore funds linked to the alleged Adani money siphoning scandal.
In response, the SEBI chief and her husband dismissed the allegations as “malicious and motivated.”
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In January last year, Hindenburg published a report accusing the Adani Group of financial irregularities, which led to a significant drop in the group’s stock prices. Adani had denied these claims as baseless.
Leader of the Opposition in Lok Sabha Rahul Gandhi warned of significant risks in the Indian stock market, asserting that the integrity of SEBI had been “gravely compromised” by the allegations against its chairperson.
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