The Bharatiya Janata Party has made an allegation, asserting that Hungarian-American financier George Soros is the principal investor behind Hindenburg Research.
BJP MP Ravi Shankar Prasad, on Monday, accused Soros, known for his critical stance against Indian Prime Minister Narendra Modi, of being heavily invested in Hindenburg Research.
Prasad claimed that Soros’s investment is part of a broader scheme to undermine Bharat’s economic stability. “We want to highlight some issues today. Who funds Hindenburg? This gentleman, George Soros, who has a history of anti-Bharat propaganda, is the main investor,” Prasad said.
Prasad further criticised the Congress Party, alleging that its actions, driven by a “pathological hatred” towards PM Modi, are harming the country’s economic interests. “If there’s turmoil in the Indian stock market, it’s the small investors who suffer. The Congress party’s politics is like a toolkit; they create chaos to crash the market and hinder economic investment,” he added.
Soros, a prominent critic of PM Modi and founder of the Open Society Foundation, has been accused by the BJP of attempting to influence Bharat’s democratic processes. This criticism comes in the wake of a controversial report released by Hindenburg Research, which alleged financial misconduct involving Indian regulators.
On Saturday, Hindenburg Research published a report claiming that Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India or SEBI, and her husband Dhaval Buch, had stakes in obscure offshore funds linked to the alleged Adani Group money siphoning scandal. The Buchs have vehemently denied these allegations, calling them “malicious and motivated.”
The controversy surrounding Hindenburg’s reports is not new. Last January, Hindenburg accused the Adani Group of financial irregularities, resulting in a substantial decline in the conglomerate’s stock prices. The Adani Group dismissed these claims as baseless.
Opposition leader Rahul Gandhi has echoed concerns about the integrity of SEBI, suggesting that the allegations against its chairperson could pose significant risks to the Indian stock market.
