The BJP on Monday launched a sharp attack on Congress and its allies over the latest Hindenburg report, saying “they have conspired together to usher in economic anarchy and instability in India”.

In its report, the US-based short seller alleged that “Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal”.

Reacting to the Hindenburg Research report against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, senior BJP leader said, “Following their third consecutive defeat, the Congress party, INDI Alliance, and their supporters are struggling to come to terms with Modi Ji’s (Prime Minister Narendra Modi) third term as Prime Minister of India.”

Addressing a press conference at party headquarters here, Ravi Shankar Prasad said, “After being rebuffed by the people of India, the Congress party, its allies, and its closest allies (i.e. the toolkit gang) have conspired together to usher in economic anarchy and instability in India.”

“They are plotting to disrupt India’s economic stability. The Hindenburg report’s release sparks a coordinated effort to rattle the capital market,” he added.

Pointing out that following an investigation under the Supreme Court’s jurisdiction, the SEBI had served a notice to Hindenburg in July, he lamented that rather than submitting a response in its defence, Hindenburg released this report, which lacks any credible basis.

The senior BJP leader said India has received record numbers of FIIs and FPIs. The country has emerged as a safe, secure and promising market. “However, disregarding every achievement of the country, the Opposition is hellbent on spreading negativity all around,” Prasad said.

“We must remember that today, there are crores of small investors in India. If India’s stock market is disrupted, small investors will be troubled,” Prasad said.

“Does the Congress party want to take the country back to the days of Control Raj, the times when India was mired in struggles,” he said.

Citing the timing of the report, the senior BJP leader said this was a deliberate attempt to influence the stock markets that were robustly and steadfastly moving to new heights in the third term of the Modi government.

“The Hindenburg report was released on Saturday, Sunday saw uproar by Congress and its allies. There was a motive to hurt the markets on Monday” Prasad said and also added that he was glad that the strong fundamentals of the markets have held it steady.

He said the Hindenburg report was nothing but propaganda against the country, at the behest of those who have a history of peddling anti-India agenda.

Shedding light on the ‘real force’ behind the malicious report, he said, “George Soros, a serial propagandist against Indian democracy is the main investor in Hindenburg Research. He is the one who believes that the Modi government should be dislodged for upholding democratic principles.”

He said the malicious and mischievous nature of the report is evident from the fact that instead of responding to the SEBI notice, it chose to attack the country’s institutions.

“SEBI had sent a notice to Hindenburg in July over its previous report on a business group. Rather than replying to the notice, it launched a malicious attack on the market regulator itself,” he informed.

The BJP MP further lambasted the Congress and asked what its current leadership wants to achieve by aligning with toolkit gangs and also urged the party veterans to ‘enlighten the existing lot’, over matters of national importance.

“Today, Congress politics comprises of Toolkit politics and chit politics. Party’s present leadership is involved in creating economic anarchy in India based upon fictitious report,” Prasad claimed.

“In their pathological hatred against Narendra Modi, Rahul-led Congress and toolkit gangs have developed hatred against the country itself,” he professed.

“The question is before the Congress party and its politics as to what it wants by fanning agenda and propaganda spread by toolkit gangs,” the senior BJP leader said.

The senior BJP leader further declared that the BJP would ‘expose’ this co-ordinated conspiracy by the Congress, INDIA bloc and Hindenburg and also saluted the small investors for standing firm in such times and giving a befitting reply to the conspiracy by foreign firms.