The BJP has strongly criticized Congress leader Rahul Gandhi for questioning the integrity of Indian stock markets in light of recent allegations made by the US-based short seller Hindenburg Research. Amit Malviya, a BJP leader, accused Gandhi of undermining confidence in the Indian economy, stating that his remarks are a deliberate attempt to harm the country.

In a post on X (formerly Twitter), Malviya noted that Gandhi's comments come despite a Supreme Court-appointed expert committee finding no regulatory failure in connection with the Hindenburg allegations of stock price manipulation. "On January 3, 2024, the Supreme Court, under Chief Justice DY Chandrachud, determined that SEBI had not engaged in any willful or deliberate violations," Malviya said.

Gandhi had expressed concerns about the risks in India's stock markets and questioned the integrity of the Securities and Exchange Board of India (SEBI), citing allegations against SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, for their alleged involvement in offshore entities tied to the Adani Group.

Both SEBI and the Adani Group have dismissed the Hindenburg allegations as "baseless" and "malicious." Buch has also pointed out that these accusations surfaced after SEBI took enforcement action and issued a show-cause notice to Hindenburg in July.