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BJP Rejects Congress' Demand for JPC Probe on Hindenburg Allegations, Accuses Oppn of Wanting Indian Market to Crash

The BJP on Monday claimed that India is seen as a stable and promising market worldwide but the opposition Congress party wants to project it in a bad light. Also, the BJP refused to concede the opposition demand for a JPC probe into allegations levelled by Hindenburg Research against SEBI chairperson Madhabi Puri Buch.

Hindenburg allegations against Sebi chairperson
Hindenburg allegations against Sebi chairperson (ANI/X@HindenburgRes)

By ETV Bharat English Team

Published : Aug 12, 2024, 4:49 PM IST

Updated : Aug 12, 2024, 5:24 PM IST

New Delhi : In the wake of the Hindenburg allegations, the Bharatiya Janata Party (BJP) on Monday accused the opposition Congress party of wanting the Indian stock market to crash. The BJP rejected the opposition demand for a Joint Parliamentary Party (JPC) probe into the allegations levelled against SEBI chairperson Madhabi Puri Buch and her husband.

Former Union minister and BJP leader Ravi Shankar Prasad said that billionaire George Soros is linked to Hindenburg Research which is behind a big conspiracy to weaken Indian economy. The Congress wants the Indian stock market to collapse while George Soros has been carrying out propaganda against the Narendra Modi government for long, Prasad said.

Prasad expressed concern that the opposition is bent on stalling investments in the country and that the Congress has been trying to project the Indian investment situation as 'unsafe'. The opposition party has become a party to the conspiracy to weaken the Indian markets and bring in economic instability and hatred, he said.

Ravi Shankar Prasad described the Hindenburg report as 'fictitious', saying that the people and the investors have rejected the latest allegations levelled by the short-seller. Hindenburg has not replied to a notice sent by the Sebi as part of its probe into its allegations of stock market manipulation against the Adani group.

The BJP leader asserted that their party will expose the opposition and how Rahul Gandhi has been making baseless allegations. The Congress, which has hatred for PM Narendra Modi, is also showing the same hatred towards India as a whole, he said.

Coverage On Latest Hindenburg Report

  1. Allegations Against Adani Duly Investigated; Buch Disclosed, Recused When Necessary: Sebi
  2. Hindenburg Attacking Sebi's Credibility, Indulging in Character Assassination, Says Madhabi Puri Buch
  3. Rahul Gandhi Asks Why Sebi Chairperson Madhabi Puri Buch Has Not Resigned Yet
  4. 'Clear-Cut Admission by Chairperson of SEBI': Mahua Moitra on Buchs' Rebuttal of Hindenburg Allegations
  5. Adani Group Rejects Hindenburg's Fresh Allegations, Says It Has 'No Commercial Relationship With...'
  6. Hindenburg Report On Sebi Chief Madhabi Puri Buch | Eliminate All Conflicts Of Interest In Probe Of Adani: Congress To Government
  7. Sebi Head Madhabi Buch Had Stakes In Offshore Funds Used In Adani Scandal, Hence Didn't Act: New Hindenburg Report
Last Updated : Aug 12, 2024, 5:24 PM IST

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