Rahul Gandhi on Hindenberg : Rahul Gandhi Targets Central Government After Hindenburg Report, Questions SEBI Chairperson’s Integrity

Since the release of the report, the opposition has been fiercely attacking the central government, with Gandhi's latest remarks intensifying the ongoing debate.

Rahul Gandhi on Hindenberg: The political temperature in India has risen once again following Congress leader Rahul Gandhi’s video statement on the Hindenburg report. Since the release of the report, the opposition has been fiercely attacking the central government, with Gandhi’s latest remarks intensifying the ongoing debate.

Rahul Gandhi’s Serious Allegations Against the Government

In his video, Rahul Gandhi leveled serious accusations against the central government and raised several pertinent questions. He criticized the role of the Securities and Exchange Board of India (SEBI), particularly questioning the integrity of SEBI Chairperson Madhabi Puri Buch. Gandhi stated, “The integrity of SEBI, which is responsible for safeguarding the assets of small retail investors, has been seriously compromised due to the allegations against its chairperson. Honest investors across the country have important questions for the government:

  1. Why hasn’t SEBI Chairperson Madhabi Puri Buch resigned yet?
  2. If investors lose their hard-earned money, who will be held accountable—Prime Minister Modi, the SEBI Chairperson, or Gautam Adani?
  3. In light of the new and extremely serious allegations, will the Supreme Court take suo moto cognizance of this matter again?
  4. It is now crystal clear why Prime Minister Modi is so scared of a Joint Parliamentary Committee (JPC) investigation and what it might reveal.”

Hindenburg’s Allegations Against SEBI Chairperson

The controversy stems from a note released on August 10, 2024, by Hindenburg Research, the firm behind the explosive 2023 report on the Adani Group. The note alleges that SEBI Chairperson Madhabi Puri Buch had stakes in offshore entities linked to the Adani Group. According to the report, these offshore funds, based in Bermuda and Mauritius, were purportedly controlled by Vinod Adani, Gautam Adani’s elder brother, and were allegedly used to manipulate funds and inflate stock prices. However, both Madhabi Puri Buch and her husband have denied all the allegations.

This latest development has further fueled the ongoing political battle, with opposition parties demanding accountability from the government and transparency in the handling of the Adani case.

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