Hindenburg Report: What did Rahul Gandhi and SEBI say?

Hindenburg Report: Rahul Gandhi raised three big questions

Sunday, August 11, 2024

Congress MP and Leader of Opposition in Lok Sabha Rahul Gandhi has reacted to the Hindenburg and SEBI Chief Madhabi Puri Buch case.

Rahul Gandhi released a 2 minute 19 second video on social media and said that in recent times more and more people are investing their money in the Indian stock market, and as the leader of the opposition, it is my responsibility to tell them about the risk of investing in it.

Rahul Gandhi said, "This is because allegations are being made against SEBI, the Indian institution that regulates the stock market."

Rahul Gandhi said, "The savings of millions of people are at risk, so this matter should be investigated."

According to Rahul Gandhi, "This raises three big questions. First, why did Madhabi Puri not resign even after the allegations?"

"Second, God forbid, if something goes wrong in the market and investors have to lose their money, then who will take responsibility for it, SEBI Chief, Prime Minister Narendra Modi or Adani."

"Third, this matter is already in the Supreme Court, now after serious allegations, will the Supreme Court take suo motu cognizance in this matter as well?"

Rahul Gandhi said, "Now it is becoming clear why PM Modi is afraid of getting this entire matter investigated by a joint parliamentary committee."

What did SEBI say about Hindenburg and Adani?

Sunday, 11 August 2024

SEBI has expressed its response to the Hindenburg Research report on August 10, 2024.

SEBI has said that investors should maintain calm and properly assess the information before reacting to such reports.

According to SEBI, "Investors should be aware that the Hindenburg Research report includes a disclaimer stating that the company may hold short positions in the bonds discussed."

SEBI has said that in the case of Adani Group, SEBI has completed 23 out of 24 investigations and the last investigation is also about to be completed.

According to SEBI, it has issued more than 100 summons, about 1,100 letters and emails to the Adani Group. Apart from this, SEBI has interacted with domestic and foreign regulators more than 300 times. SEBI has also reviewed 12,000 pages of documents.

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