Secretary, Department of Economic Affairs, Ajay Seth on Monday said that the government had nothing more to add to the Hindenburg-SEBI issue.
“Sebi has given a statement. The Chairperson has also made a statement… There is nothing further to be added by the government,” Seth said while addressing the media.
However, Union Minister Giriraj Singh said since the Hindenburg Research defamed the country in alliance with Congress, the “strictest action” would be taken against the US short seller.
The Minister also came down heavily on Congress leaders, Rahul Gandhi and Jairam Ramesh, for their support to a foreign entity. “This is a gang to defame the country, Rahul (Gandhi) and Jairam Ramesh. Hindenburg defames us. We will not tolerate this insult to the nation. These people are enemies of the country. Now strictest action will be taken against Hindenburg,” Singh said.
Calling Gandhi ‘Bade Baap Ka Beta’, the minister said: “Rahul does not know anything about the state and direction of the nation”, and cautioned that the countrymen should “beware” of such people who try to create confusion and fear.
Notably, the Leader of the Opposition in the Lok Sabha, on Sunday, demanded a Joint Parliamentary Committee (JPC) inquiry into the charges against Securities and Exchange Board of India (Sebi) chief Madhabi Buch in the latest Hindenburg report.
The Congress leader issued a stark warning regarding the integrity of India’s stock market following the latest allegations made by Hindenburg.
Hindenburg, on Saturday, launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal.
A day later, in a joint statement, the SEBI chief and her husband thrashed all the allegations made by the US short-seller.