Recently, the Hindenburg claimed in a post on social media that the SEBI chairman and her husband had unscrupulous links with the Adani group. Since then this news has become a hot topic for debate. While on one hand, Congress leader Jairam Ramesh, demanded a Joint Parliamentary probe. BJP Rajya Sabha MP, Mr. Sudhanshu Trivedi, on the other hand, accused the Congress and the opposition parties of being part of a conspiracy to create chaos in the country.
‘Seemapar Se Taar Jude Hain..’
The BJP leader, questioned the Congress party’s consistent alignment with “foreign entities that seem intent on destabilising India’s economy.” Mr. Trivedi, highlighted a consistent pattern with respect to the release of such foreign reports. He provided examples of how foreign reports, such as the BBC documentary or the Hindenburg report, coincided with the timing of parliament sessions.
Mr. Trivedi said, “For the past few years, whenever the Parliament session commences, a foreign report gets released. BBC documentary was released just before the Parliament session. The Hindenburg report came in January just before the Parliament session…All these sequences happen during the Parliament session…The opposition has such connections with the abroad to create instability and anarchy during every Parliament session of India…They want to create economic chaos in India through confusion…Now they are attacking SEBI. ”
#WATCH | Delhi: BJP MP Sudhanshu Trivedi says, "For the past few years, whenever the Parliament session commences, a foreign report gets released. BBC documentary was released just before the Parliament session. The Hindenberg report came in January just before the Parliament… pic.twitter.com/ueOyC9DvRs
— ANI (@ANI) August 11, 2024
After pointing out this pattern, Mr Trivedi, suggested that this raises suspicions on whether the opposition had prior knowledge of these events. Continuing further, he asked “Why do Congress and the opposition consistently aim to spread economic instability and anarchy?” He stated, “Whether the company is private or government-owned, they always attempt to create confusion among the public. Last year, they claimed that LIC, HAL, and SBI were running at losses. This year, LIC recorded a profit of Rs 17,000 crore, SBI registered Rs 21,000 crore, and HAL posted Rs 29,000 crore, all of which are all-time highs. Now, they are targeting SEBI.” He added, “Why does Congress always stand with foreign companies for the past 30-40 years? Why did it stand with Union Carbide?…”
Meanwhile,
The SEBI stated that Buch made all relevant disclosures from time to time and had also stepped back from situations involving potential conflicts of interest. The Adani Group denied having any business dealings with the BEBI head. While, the wealth management company 360ONE, formerly known as IIFL Wealth Management, said in a separate statement that Buch and her husband Dhaval Buch’s investment in IPE-Plus Fund 1 was less than 1.5% of the total inflows and that it did not make any investments in Adani Group shares.
Furthermore, in an economic twist of fate, the Indian indices seem to defy the new Hindenburg report and allegations against SEBI. Sensex trades over 300 points above 80,000 level, reported IANS.
Sensex surges by 184.76 (+0.23%) points, currently at 79,830.67 pic.twitter.com/qH2Not2Jka
— ANI (@ANI) August 12, 2024
