“Rahul Gandhi’s agenda to create panic, Bangladesh-type situation in India,” Shehzad Poonawalla on Hindenburg report

New Delhi [India], August 12 (ANI): Launching a scathing attack on Leader of Opposition Rahul Gandhi for his response over the Hindenburg report, BJP spokesperson Shehzad Poonawalla on Monday said that Rahul Gandhi’s agenda is only to create panic and instability so that a Bangladesh-type situation can be orchestrated in India.

The BJP leader said that the Hindenburg reports are well-planned and well-orchestrated for opposing one person, and one party.

“Hindenburg report seems to be like a well-planned and well-orchestrated hit job based on reports that are filled with contradictions., falsehoods by a discredited organisation like Hindenburg whose only job is to do short selling and create panic. It is already under investigation for this. It is also under investigation in America for this. But even then, the likes of Rahul Gandhi and his ecosystem ignored what the Supreme Court had said about the first Hindenburg report and the fact that the top court thrashed that report. It upheld the SEBI probe and said that the SEBI probe inspires confidence. All of this is put aside by Rahul Gandhi. Is Rahul Gandhi questioning the integrity of the Supreme Court,” Poonawalla told ANI.

“It seems that for opposing one person, one party, Rahul Gandhi and his entire ecosystem has no qualms about damaging and destabilising the entire economy and financial systems,” he added.

The BJP leader alleged that the Congress lap up the foreign report which is manufactured usually based on falsehoods.

“Therefore, we see time and again that a foreign report is manufactured usually based on falsehoods and is lapped up by Congress and its ecosystem. What is the relationship that Rahul Gandhi has with these foreign reports and their makers? It seems Rahul Gandhi’s agenda is only to create panic and instability so that a Bangladesh-type situation can be orchestrated in India,” he said.

Poonawalla’s statement comes after Rahul Gandhi, alleged on Sunday that there was a significant risk in the Indian stock market after the “integrity” of the Securities and Exchange Board of India (SEBI) was “gravely compromised” by the allegations against its chairperson.

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?”

His statement came a day 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.

Meanwhile, SEBI Chairperson Madhabi Buch and her husband through a press release rejected the allegations of Hindenburg as baseless and malicious.

Earlier in January 2023, Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the group’s stock prices.

Adani had rubbished these claims as baseless.

In January 2024, the Supreme Court refused to transfer the probe into the allegations made by Hindenburg of stock price manipulation by the Adani group to an SIT and directed market regulator SEBI to complete its probe into two pending cases within three months.

In June this year, the Supreme Court also dismissed a plea seeking to review its earlier verdict in the Adani-Hindenburg case.