Bharatiya Janata Party on Thursday slammed Hindenburg Research after it announced its disbanding, alleging that the US-based short seller's report was 'supari' taken against India's rising economic power.
The founder of US based short seller Hindenburg Research, Nate Anderson announced on Thursday that he has decided to close down the operations of his investigative firm.
Hindenburg Research alleged that it "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues."
Following the US-based short seller Hindenburg report and its allegations on market regulator SEBI chairperson Madhabi Buch, Congress leader Pawan Khera on Monday demanded a detailed response from the Securities and Exchange Board of India (SEBI), Prime Minister Narendra Modi, and Finance
Jairam Ramesh's statement came days after US-based short seller Hindenburg Research alleged that market regulator SEBI chairperson Madhabi Buch and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal.
The Congress leader also asked, "If investors lose their hard-earned money, who will be held accountable--PM Modi, the SEBI Chairperson, or Gautam Adani?"
Congress leader Supriya Shrinate on Sunday claimed that the lack of transparency and accountability has led to a "biggest criminal conspiracy" and has "exposed and destroyed the integrity" of the SEBI Chief.
Talking exclusively with ANI, Jethmalani said a band of conspirators had got together, circulating information to do conspiracy, with deep ramifications to damage the stock market of India.
The Securities and Exchange Board of India (SEBI) has urged investors to remain calm and conduct thorough research before reacting to the Hindenburg Research report.
On the Hindenburg report with allegations on SEBI Chief and her husband, BJP leader and former Union Minister Rajeev Chandrasekhar on Sunday trashed the Hindenburg report and said that nothing in the report is credible.
Hindenburg Research's motive is to destabilize India's stock markets, asserted senior lawyer and BJP leader Mahesh Jethmalani, as he termed the US-based short seller report as "damp squib" -- a situation or event which is much less impressive than expected.