Rahul Gandhi attacks PM over latest Hindenburg charge

He also said that the recent report by the US short-seller firm clearly indicates why Prime Minister Narendra Modi is afraid of a Joint Parliamentary Committee (JPC) probe against the allegations.

Rahul Gandhi, the Leader of Opposition in Lok Sabha, on Sunday raised concerns over the fresh allegations by US short-seller Hindenburg Research against SEBI chairperson Madhabi Buch and said that the integrity of the securities regulator has been "gravely compromised".

He also said that the recent report by the US short-seller firm clearly indicates why Prime Minister Narendra Modi is afraid of a Joint Parliamentary Committee (JPC) probe against the allegations.

"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," Rahul Gandhi said in a video message posted on X.

"Honest investors across the country have pressing questions for the government: Why hasn’t Sebi Chairperson Madhabi Puri Buch resigned yet? If investors lose their hard-earned money, who will be held accountable — PM Modi, the Sebi Chairperson, or Gautam Adani? In light of the new and very serious allegations that have surfaced, will the Supreme Court look into this matter suo moto once again?," he said in the video.

"It is now abundantly clear why Prime Minister Modi is so afraid of a JPC probe and what it might reveal," Rahul Gandhi added.