BJP Alleges George Soros as Primary Investor in Hindenburg Research

BJP Alleges George Soros as Primary Investor in Hindenburg Research

The Bharatiya Janata Party (BJP) has held out allegations that the main investor behind Hindenburg Research is Hungarian-born US investor George Soros. BJP MP Ravi Shankar Prasad alleged this on Monday; he went on to say that George Soros, a known critic of Prime Minister Narendra Modi, is trying to discredit the country with all his might.

“Do you know this gentleman George Soros who regularly runs propaganda against India? He happens to be the major investor in Hindenburg. In their pathological hatred against Narendra Modi, the Congress Party today has developed hatred against India itself,” Prasad stated.

Taking it a step further, Prasad further slammed the Congress Party for trying to destabilize the economy of the country. He warned that any disturbance in the stock market would adversely affect the small investors. He added, “If India’s stock market gets disturbed, will the small investors be troubled or not? Congress seems to be employing tactics aimed at crashing the stock market and stopping capital investment in India.”.

The BJP has accused George Soros, owner of Open Society Foundation, on his desire to intervene in the country’s democratic processes. Soros has always openly condemned PM Modi  for things. In this respect, BJP believes this action of his is a part of the campaign against the Indian Government.

The scandal broke with an explosive report by US-based Hindenburg Research that accused the chair at the helm of Securities and Exchange Board of India, or SEBI, Madhabi Puri Buch, and her husband, Dhaval Buch, of having stakes in some offshore funds used in the Adani money laundering case. In that vein, the head of SEBI and her husband have labelled the allegations “malicious and motivated.”

The allegations against SEBI come after Hindenburg’s January report, which blamed the Adani Group of financial irregularities, seeing a massive drop in the Adani group’s stock prices, though Adani has rejected these claims.

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Commenting on this, Rahul Gandhi, the Leader of Opposition in the Lok Sabha, claimed he had certain qualms about the integrity of SEBI. He said there was an impending risk to the Indian bourse, stating that allegations against SEBI’s chairperson could have far-flung ramifications.