The political climate in the country has heated up once again due to the latest report by the US short-seller firm, Hindenburg. Several prominent experts have accused Hindenburg of attempting to target the Indian economy through its report and have demanded strict action against the firm.
Hindenburg’s recent research report attacks market regulator SEBI, alleging that its Chairperson, Madhabi Puri Buch, is colluding with the Adani Group, which is why no action has been taken against the conglomerate.
However, Buch has dismissed all allegations made by Hindenburg as baseless. The report has also provided the opposition with an opportunity to once again target the Central Government and the Adani Group. Meanwhile, some banking and market experts have called on the government to take stringent action against foreign entities like Hindenburg.
Banking expert Ashwini Rana believes that Hindenburg is attempting to target the Indian economy under the guise of its research report. He argues that the short-seller firm is once again trying to create a sensation by accusing the Adani Group and SEBI’s Chairperson.
According to Rana, the purpose of Hindenburg’s report is to target the Indian economy, especially the stock market, to harm India’s economic strength during this period of global challenges.
Similarly, Dhami Securities Vice President Prashant Dhami states Hindenburg is making sensational allegations to serve its personal interests and those of anti-national forces. These allegations could once again shock the Indian stock market and raise questions about the country’s economy.
Dhami believes that punitive action should be taken against foreign entities like Hindenburg, as their objective is to put pressure on the Indian economy while making profits for themselves. He points out that Hindenburg has previously succeeded in creating a sensation with its research report and made significant profits through short selling.
This time too, Hindenburg’s intention may be to create chaos in the market and earn substantial amounts through short selling. Therefore, the Indian Government should take immediate and necessary steps.
