Sehwag tweet on Hindenburg report: Virender Sehwag, former Indian cricket team opener, has expressed his support for Indian billionaire Gautam Adani during the dispute between Adani and Hindenburg, labelling the disruption of Indian capital markets as a carefully organised foreign plot.
On Monday, Sehwag voiced his support for the Indian businessman Adani through his official Twitter page and tweeted about Hindenburg report.
“How much the foreigners try, but as always, India will come forward stronger than before.”
Goron se India ki tarakki bardaasht nahi hoti. The hitjob on India’s market looks like a well planned conspiracy. Koshish kitni bhi kar lein but as always, Bharat aur majboot hi nikalkar ubhrega.
— Virender Sehwag (@virendersehwag) February 6, 2023
After that, there was considerable dissent among netizens. A user responded to Sehwag’s statement, “First of all, Adani is not India. Do not belittle India by saying this. Now the second and most important thing, start an inquiry immediately, and if found guilty, imprison them, even if it’s Adani or you.”
In agreement with Sehwag’s remark, some user commented, “Agreed, India has faced many challenges but has always emerged stronger. Our resilience and determination will see us through this too. Let’s support and have faith in our country’s progress.” Another user wrote, “Viru in opening batting, first ball out of the ground.”
Government is taking all the necessary steps to safeguard investors
After January 24, following the release of a report by Hindenburg Research – a US-based short seller – claiming stock manipulation and corporate wrongdoing by the Adani Group conglomerate in India, the shares of Adani Group began plummeting.
Gautam Adani firmly denied the accusations, referring to them as a calculated attack on India and a ploy by US companies to generate profits by creating a false market.
Opposing groups have called for a thorough investigation of the claims and its effect on investments by Indian Banks, such as LIC, SBI and other major public sector banks and financial institutions. However, the ROI by Adani group is more than expected. Still RBI and SEBI have assured that they are keeping a close eye on the situation and will safeguard investors’ interests.
While RBI and SEBI are working towards investigating this turmoil, opposition parties are targeting the centre for all this. PTI quoted the Telangana CM as saying ”It is my request to the Prime Minister that Adani Group is involved in such a big scam and it should be discussed in a joint parliamentary committee.”
”Everyone knows he (Adani) is your friend. In just two years, he became the world’s second richest person. If you are honest, set up a joint parliamentary committee. It is my demand,” KCR added.
Nevertheless, as the Indian stock market suffers from the impact, opposition parties are seizing the chance to garner political mileage from it. In contrast, former cricketer Virendra Sehwag is unyielding in backing India. Sehwag belligerently countering the foreign Short Seller Hindenburg, demonstrates that he has more courage than many contemporary stars and superstars of India.
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