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Madhuri Puri Buch and Rahul Gandhi. (File/PTI)
The Hidenburg allegations have started a political row. While Opposition leader Rahul Gandhi has questioned the integrity of SEBI and sought Buch’s resignation, the BJP called it a Congress plot to topple the markets. SEBI and Buch have termed the allegations baseless
Even as the Congress attacked the Centre over Hindenburg row, netizens termed the resilience shown by markets on Monday, with the Sensex rising, a “tight slap” by Indian investors.
A net user Ankur Singh posted on X: “Rahul Gandhi did fear mongering that money of Indians invested in Share Market is in danger, market will collapse. He did this to make market collapse…Then they ran paid campaign paying accounts 5000 to run Hindenburg agenda…Investors saw the report and found nothing, they know Hindenburg is running agenda against India which only Rahul Gandhi is supporting.”
Sensex is positive, up 300 pointsThis is tight slap by Indian Investors to Rahul Gandhi and his ally Hindenburg.
Rahul Gandhi did fear mongering that money of Indians invested in Share Market is in danger, market will collapse. He did this to make market collapse.
Then… pic.twitter.com/TjzFa6ECWj
— Ankur Singh (@iAnkurSingh) August 12, 2024
Another user Himanshu Jain wrote on X: “The economic conspiracy unleashed by Rahul Gandhi to hit the #Sensex and cause a major loss to middle class in India and hurt India image has failed. This big expose on RG. #HidenburgReport and he couldn’t destroy #Bharat. Till now markets are stable. This late evening statement has been trashed by India.”
The economic conspiracy unleashed by Rahul Gandhi to hit the #Sensex and cause a major loss to middle class in India and hurt India image has failed.This big expose on RG. #HidenburgReport and he couldn’t destroy #BharatTill now markets are stable
This late evening… pic.twitter.com/r4cQCzED5g
— Himanshu Jain (Modi’s family) (@HemanNamo) August 12, 2024
Others like the handle Tathvam-asi and Sanju Verma, too, shared the sentiment.
Congratulations @RahulGandhi for asking Indians to Boycott Indian Stock Markets based on ‘Authentic’ #HindenbergReportPeople listened to you and responded like this. You are a true ‘Leader’
Sensex⬆️192.20 points or 0.24% at 79,898.11
Nifty⬆️41.60 points or 0.17% at 24,409.10 pic.twitter.com/ETk3wQqXhz
— Tathvam-asi (@ssaratht) August 12, 2024
Some even termed it the “Congress propaganda”.
Hello @RahulGandhiLook…look how the stock market is running today @HindenburgRes ‘s propaganda failed just like yours. There was no use of paying Rs. 5000 to get a tweet done. All your money was wasted. pic.twitter.com/qGlHaj1jZA— Social Tamasha (@SocialTamasha) August 12, 2024
US short-seller Hindenburg Research alleged that SEBI chairperson Madhabi Puri Buch and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. Buch and her husband on Saturday denied the allegations as baseless and asserted that their finances are an open book.
ALSO READ | SEBI Says All but One Probe Against Adani Complete, Chief Madhabi Buch Calls Hindenburg Allegations Baseless
In a statement, Madhabi Puri Buch and Dhaval Buch also said it was unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same. SEBI on Sunday said it has completed all but one investigation into allegations against the Adani group as it responded to US short-seller Hindenburg Research’s charge of going slow on the probe, potentially because its chairperson was invested in funds at the heart of the probe – an allegation market regulator head said was “baseless” and an attempted “character assassination”.
The integrity of SEBI, the securities regulator entrusted with safeguarding the wealth of small retail investors, has been gravely compromised by the allegations against its Chairperson.Honest investors across the country have pressing questions for the government:
– Why… pic.twitter.com/vZlEl8Qb4b
— Rahul Gandhi (@RahulGandhi) August 11, 2024
The allegations, however, started a political row. While Opposition leader Rahul Gandhi questioned the integrity of SEBI and asked for Buch’s resignation, the Bharatiya Janata Party (BJP) called it a Congress plot to topple the markets.
