New Delhi, Sept 18: The Bharatiya Janata Party (BJP) on Thursday hailed the Securities and Exchange Board of India’s (SEBI) clean chit to the Adani Group in the Hindenburg matter, calling it a vindication of truth and a setback for the Opposition.
BJP national spokesperson Shehzad Poonawalla said the SEBI findings had exposed those who attempted to create “economic anarchy” in India.
“Once again, truth has prevailed, and those behaving like economic anarchists, economic terrorists, and economic sleeper cells working against the country’s interests have been dealt a body blow,” he said.
Targeting the Congress and Rahul Gandhi, Poonawalla accused the Opposition of using the Hindenburg report to stall Parliament, mislead investors, and harm India’s economy. “Were they hand in glove in creating losses and profiting out of it? They must be held accountable. Will they now apologise?” he asked.
He further recalled that the Supreme Court had also dismissed the Hindenburg allegations, adding: “This fly-by-night operator called Hindenburg has already shut its shop. There has been a triple strike on its allegations by SEBI, by the Supreme Court, and by its own closure.”
On Thursday, SEBI dismissed charges by US short-seller Hindenburg Research against the Adani Group, stating there was no violation of listing obligations and that the questioned transactions did not qualify as “related party transactions.”
Reacting to the development, Adani Group chairman Gautam Adani demanded a “national apology” from those who spread “false narratives,” stressing the group’s commitment to transparency and expressing empathy for investors who suffered losses.