Hindenburg charges: BJP rejects JPC demand, alleges Congress and ‘toolkit gang’ plotting to usher in economic anarchy

BJP’s Ravi Shankar Prasad says the main investor behind Hindenburg Research is George Soros, whom he calls ‘India hater’.

Senior BJP leader Ravi Shankar Prasad appointed observer to elect Delhi CM (PTI Photo)

Senior BJP leader Ravi Shankar Prasad on Monday rejected the Opposition’s demand for a Joint Parliamentary Committee probe into Hindenburg Research’s allegations against Sebi chairperson Madhabi Puri Buch.

“Why JPC? That means any Tom, Dick and Harry sitting in a foreign country will seek to destabilise India and they will say JPC. They will belittle India’s investors. They will belittle India’s stock market. That is their game. JPC demand is a sham,” Prasad said in response to a question on the Opposition’s demand. He was addressing a press conference at the BJP headquarters.

Earlier, he also dismissed Opposition demands that the Sebi chairperson should resign. “They keep asking for resignation. They keep asking for JPC. Whatever happens, they want JPC. First the truth should come out. We have shared the truth and exposed their conspiracy,” he said.

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A day after the BJP accused the Congress of being in collusion with foreign forces to destabilise the Indian economy, Prasad repeated the charge and said the main investor behind Hindenburg Research was “India hater” George Soros. He alleged that the Congress, Hindenburg Research and the “toolkit gang” were part of a conspiracy to damage the stock market and investment.

“After being rebuffed by the people of India, the Congress party, its allies and the toolkit gang have conspired together to usher in economic anarchy and instability in India? Hindenburg report is released on Saturday, there is uproar on Sunday so the capital market is destabilised on Monday…India is a safe, stable and promising market in the shares as well. It is Sebi’s legal responsibility to ensure that the market runs smoothly…When Sebi issued a notice against Hindenburg, after completing its entire inquiry in July, which was done under the supervision of the Supreme Court, then without giving any answer in favour of its defence, they have made this attack, a baseless attack..,” Prasad said.

He added, “In their pathological hatred for Narendra Modi, the Congress party today has developed hatred against India itself. If India’s stock market gets disturbed, will the small investors be troubled or not?.. They want to crash the entire stock market, stop the capital investment of small investors and ensure that there should be no economic investment in India.”

In its latest set of charges, Hindenburg Research, a US-based short-seller, has said that Madhabi Puri Buch and her husband had invested in an offshore fund structure that was at the centre of its allegations of stock market manipulation against the Adani Group.

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