GG News Bureau
New Delhi, 12th August. The Bharatiya Janata Party (BJP) today criticized Congress leader Rahul Gandhi for casting doubt on the integrity of the Indian stock markets, following recent allegations by US-based short seller Hindenburg.
Amit Malviya, BJP’s IT cell head, condemned Gandhi’s remarks in a post on X (formerly Twitter), accusing the Opposition leader of attempting to undermine confidence in India’s economy. “The Leader of Opposition is now openly inciting and seeding doubt about the genuineness of the Indian stock markets. This blatant attempt to undermine confidence in our economy reveals the true intention of Rahul Gandhi, which is nothing but the destruction of India,” Malviya stated.
Malviya’s comments followed Gandhi’s allegations regarding significant risks in the Indian stock markets and claims that the Securities and Exchange Board of India (SEBI) was “gravely compromised” by allegations against its chairperson. Gandhi’s criticisms emerged after a new Hindenburg report suggested that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in offshore entities linked to the alleged Adani money siphoning scandal. Both SEBI and the Adani Group have dismissed these claims as “baseless” and “malicious.”
Malviya referred to the Supreme Court’s findings on January 3, 2024, led by Chief Justice DY Chandrachud, which concluded that there was no regulatory failure or deliberate violations by SEBI in connection with the Hindenburg allegations. “The Supreme Court observed that no willful or deliberate violations were done by SEBI,” Malviya noted.
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