“Will Rahul Gandhi, Congress party apologise?”: Shehzad Poonawalla on SEBI’s clean chit to Adani in Hindenburg Case

SEBI Clears Adani Group in Hindenburg Case: BJP Hails Victory for India’s Economic Interests

In a major relief for the Adani Group, India’s market regulator SEBI has given a clean chit over the explosive Hindenburg Research report. This development has sparked strong reactions from BJP leaders, who see it as a win for truth and a setback for those trying to harm India’s economy.

BJP national spokesperson Shehzad Poonawalla didn’t hold back while speaking to on Thursday. "Truth has prevailed once again," he said. He slammed those he called "economic anarchists" and "economic terrorists" for using the Hindenburg report to stir up trouble. Poonawalla directly targeted Rahul Gandhi and the Congress party, accusing them of creating chaos to hurt Indian businesses.

"People in India treated the Hindenburg report like gospel truth," Poonawalla added. "They stalled Parliament, wrecked the economy, and damaged our interests—especially Rahul Gandhi and Congress. Will they apologize now? Were they in cahoots to cause losses for Indian investors and profit from it? They need to answer for this economic anarchy."

This isn’t the first time such claims against Adani Group have fallen flat. Poonawalla pointed out that the Supreme Court had already dismissed Hindenburg’s allegations earlier. He called the US-based short-seller a "fly-by-night operator" out to create trouble. Adding to the blows, Hindenburg has now shut down its operations. "It’s a triple strike on their false claims," Poonawalla declared.

Supreme Court advocate Ishkaran Bhandari echoed these sentiments, welcoming the SEBI verdict. "No surprise here—there’s zero evidence against Adani," he told . Bhandari criticized how an "entire ecosystem" in India targeted a homegrown businessman to serve foreign agendas or simply to destroy Indian success stories.

He drew a sharp contrast with other countries. "Look at the US—they back their giants like Google, Apple, and Amazon. No witch hunts there," Bhandari said. "But in India, we have this unfortunate lobby filing complaints and dragging cases to court just to sabotage business. Even after the Supreme Court and SEBI found nothing, some won’t stop because their goal is to cripple India’s growth. It’s a geopolitical mess we’re fighting."

SEBI’s order on Thursday was crystal clear: No violations of listing rules or disclosure norms by Adani Group. The transactions in question aren’t related party deals, closing the chapter on Hindenburg’s 2023 accusations of stock manipulation and fraud.

Adani Group Chairman Gautam Adani reacted swiftly on X (formerly Twitter). He demanded a "national apology" from those who spread the "false Hindenburg narratives." Adani stressed his group’s dedication to transparency and integrity, while expressing sympathy for investors who suffered losses due to the panic.

This SEBI clean chit to Adani Group marks a turning point in the Hindenburg controversy, boosting confidence in India’s regulatory system and its business leaders. As the dust settles, questions linger about the real motives behind the original report and its fallout on Indian markets.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.