New Delhi, Aug 12 (UNI) Bharatiya Janata Party MP Ravi Shankar Prasad on Monday took a dig at the Congress over the Hindenburg Report and said, “The Congress party, its allies, and the toolkit gang have conspired together to usher in economic anarchy and instability in India.”
Addressing a press conference here, he said, “The Congress party wants to crash the entire stock market, stop the capital investment of small investors and ensure that there should be no economic investment in India.”
He added that India is a safe, stable and promising market. “It is SEBI’s legal responsibility to ensure that the market runs smoothly”.
Ravi Shankar stated, “When SEBI issued a notice against Hindenburg after completing its investigation in July, which was conducted under the supervision of the Supreme Court, Hindenburg responded with a baseless attack, without providing any defence or answers to the allegations”.
BJP’s remarks came in the backdrop of Congress’ demand for a Joint Parliamentary Committee over the issue.
In a video posted on X, Leader of Opposition Rahul Gandhi said that the new claims about the SEBI chief were a massive conflict of interest that demanded investigation.
He also said that Prime Minister Narendra Modi was afraid of the “truth” coming to light and did not want a Joint Parliamentary Committee (JPC) to look into the matter.
He said, “If investors lose their hard-earned money, who will be held accountable- PM Modi, the SEBI Chairperson, or Gautam Adani?… New and very serious allegations have surfaced, will the Supreme Court look into this matter suo moto once again? It is now abundantly clear why Prime Minister Modi is against the JPC looking into this matter.”
On August 10, Hindenburg Research, a US short seller and financial investigation firm, released a report titled – ‘Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal’.
The report followed up on their 2023 allegations against the Adani group for financial misconduct and stock price manipulation.
In their 2024 report, they claimed that SEBI chief Madhabi Buch and her husband had made investments in offshore funds which were controlled by Gautam Adani’s brother Vinod Adani.
