Worth Reflecting on How Rahul Gandhi, Congress Relied on Hindenburg’s Reports: Amit Malviya
The BJP on Thursday criticized the Congress party and Rahul Gandhi for relying on reports by Hindenburg Research to disrupt parliamentary proceedings. Amit Malviya, head of BJP’s National Information & Technology Department and a member of the National Executive, took to social media to express his views following the announcement of Hindenburg Research’s disbanding.
Malviya called the decision by Hindenburg to cease operations “surprising” and pointed out its timing coincided with the transition of the Trump administration in the United States. He also highlighted that the U.S. Department of Justice is planning to investigate the firm’s operations.
“It’s worth reflecting on how Rahul Gandhi and the Congress party relied on Hindenburg’s reports. They frequently held press conferences and disrupted parliamentary proceedings, basing their actions on findings from this dubious George Soros-funded organization,” Malviya stated in his post.
He further accused the Congress party of working in alignment with “sinister agendas” and claimed that Hindenburg and its sponsors targeted the Indian stock market, which is heavily influenced by retail investors.
Earlier, Nate Anderson, the founder of Hindenburg Research, announced the disbanding of the short-seller firm. Anderson cited personal reasons for this decision, clarifying there was no specific threat, health concern, or personal issue driving the move.
The firm had gained notoriety for targeting prominent corporate leaders worldwide, including in India, often at the behest of vested interests, creating economic disruptions.
In a letter posted on the firm’s website, Anderson stated, “The intensity and focus of our work have come at the cost of missing out on the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not the central thing that defines me.”
Anderson explained that his plan to disband the firm had been in motion since late last year. “The plan has been to wind up after we finished the pipeline of ideas we were working on. As of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” he wrote.
Looking ahead, Anderson said he would focus on helping his team transition into their next roles, with some members planning to start their own research firms. “I will strongly and publicly encourage their endeavors, even as I will have no personal involvement,” he added.
Anderson also shared his intention to create a series of open-source materials and videos over the next six months to explain the firm’s research model and investigative methods.
In India, Hindenburg’s allegations against corporate leaders were dismissed by many as baseless and manipulative tactics. Malviya reiterated that these reports were frivolous and accused the Congress party of leveraging them to create economic and political disruption.
