"BJP criticizes Rahul Gandhi for spreading uncertainty about Indian stock markets."
"The Leader of the Opposition is openly inciting and sowing doubt about the authenticity of the Indian stock markets," said BJP's Amit Malviya.
Arpit Pattnaik
The Bharatiya Janata Party (BJP) has strongly criticized Congress leader Rahul Gandhi for casting doubt on the credibility of Indian stock markets. This criticism is based on allegations made by the US-based short seller Hindenburg. BJP leader Amit Malviya has accused Rahul Gandhi of attempting to erode confidence in the Indian economy. Malviya also referenced the findings of a Supreme Court-appointed expert committee, which concluded that there were no regulatory failures related to Hindenburg's claims of price manipulation.
Furthermore, the Supreme Court, led by Chief Justice DY Chandrachud, declared on Jan 3, 2024, that there were no deliberate violations by the Securities and Exchange Board of India (SEBI). This was in direct contradiction to Rahul Gandhi's assertions of substantial risk in Indian stock markets and compromised integrity within SEBI due to allegations against its chairperson.
In a recent development, a new report from Hindenburg alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in offshore entities linked to the alleged Adani money siphoning scandal. However, both the SEBI Chairman and the Adani Group have vehemently dismissed these allegations as "baseless" and "malicious". Additionally, Madhabi Puri Buch noted that the latest release by Hindenburg came after SEBI had already taken enforcement action against Hindenburg and issued a show-cause notice to them in July.
