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.
The allegations of the US Short seller Hindenburg against SEBI Chairperson Madhabi Buch and her husband have drawn sharp political reactions from the opposition parties with the opposition demanding a Joint Parliamentary Committee (JPC) on the issue.
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.
A day after US-based short seller Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in "both the obscure offshore entities used in the Adani money siphoning scandal," the SEBI Chairperson and her husband issued a detailed statement
In a stock exchange filing on Sunday, 360 One Wam Limited, formerly known as IIFL Wealth Management Limited, said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group -- either directly or indirectly.
Chandrashekhar further alleged that Congress is seeking foreign help to destabilize India's financial system and to create chaos in the country by attacking the independent regulator SEBI.
The latest allegations by Hindenburg Research are malicious, mischievous, and manipulative selections of publicly available information to arrive at pre-determined conclusions for "personal profiteering with wanton disregard for facts and the law", an Adani Group spokesperson said on Sund
Reacting to the Hindenburg report, Samajwadi Party spokesperson Ghanshyam Tiwari on Sunday lashed out at the Modi government and said that the tenure of PM Modi will be known for 'Adani-waad'.
On late Saturday night, US-based short seller Hindenburg Research alleged that SEBI Chairperson Madhabi Buch and her husband had stakes in "both the obscure offshore entities used in the Adani money siphoning scandal," a claim subsequently denied by Buch and her husband, who accused Hinde
Shortly after US-based short seller Hindenburg Research on August 10 alleged that SEBI Chairperson Madhabi Buch and her husband had stakes in "both the obscure offshore entities used in the Adani money siphoning scandal," the SEBI Chairperson and her husband issued a joint statement rejec