Strictest action will be taken against Hindenburg: Union Minister Giriraj Singh
New Delhi, Aug 12: Union Minister Giriraj Singh on Monday said Hindenburg Research has defamed the country in alliance with Congress and the "strictest action" will be taken against the US short-seller.
Hindenburg on Saturday launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal.
The duo has denied the allegations as baseless and asserted their finances are an open book.
The Adani Group termed the latest allegations malicious and based on manipulation of select public information. The company said it has no commercial relationship with the Sebi chairperson or her husband.
Talking to reporters on the sidelines of an event here, Singh, the Union Minister for Textiles, also came down heavily on Congress leaders Rahul Gandhi and Jairam Ramesh.
"This is a gang to defame the country, Rahul (Gandhi) and Jairam Ramesh. Hindenburg defames us. We will not tolerate this insult to the nation. These people are enemies of the country. Now strictest action will be taken against Hindenburg," Singh said.
Calling Gandhi 'Bade Baap Ka Beta', the minister said: "Rahul does not know anything about the state and direction of the nation", and cautioned that the countrymen should "beware" of such people who try to create confusion and fear.
Asked about demands by Congress for a JPC probe in the Hindenburg matter, Singh said: "This Congress is behind Hindenburg. Hindenburg is a tool kit to ruin India and people like Rahul Gandhi are involved in it".
Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Sunday demanded a Joint Parliamentary Committee (JPC) inquiry into the charges against Securities and Exchange Board of India (Sebi ) chief Madhabi Buch in the latest Hindenburg report.
The Congress leader issued a stark warning regarding the integrity of India's stock market following the latest allegations made by Hindenburg.
"Rahul Gandhi even defames the nation when he goes abroad. When at home, he (Rahul) creates confusion and fear among the countrymen... The countrymen should beware of such people. Creating confusion can be an act committed by anti-nationals. It is not appropriate, no patriot can do such a thing," Singh said.
He was speaking on the sidelines of the 'Handloom Expo' here.
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Thunderstorm hits Lucknow, IMD issues red alert across multiple UP districts
Lucknow: Shortly after the India Meteorological Department issued a red alert warning of severe weather conditions in the region, a sudden thunderstorm hit Lucknow and adjoining districts on Monday morning.
The Indian Express reported that the skies turned dark around 8:45 am as strong winds lashed parts of the city. Incidents of tree falls were reported from several locations, disrupting traffic and normal movement.
The weather department said thunderstorms accompanied by lightning, hail and gusty winds of 40 to 60 kmph are likely to continue over the next three hours across several districts.
A red alert has been issued for districts including Unnao, Barabanki, Hardoi, Sitapur, Bahraich, Gonda, Shravasti and Lakhimpur Kheri, where moderate thunderstorms with hail and strong winds may damage trees, power lines and temporary structures.
An orange alert is in place for Rae Bareli, Amethi, Kanpur Nagar, Ayodhya, Kanpur Dehat, Auraiya, Kannauj, Farrukhabad, Shahjahanpur and Balrampur, where thunderstorms with lightning and winds up to 60 kmph could lead to localised disruptions.
Major parts of the state remains under yellow alert, including districts such as Prayagraj, Agra, Bareilly, Aligarh and Moradabad, where light rain, lightning and winds of 30 to 40 kmph are expected.
Authorities have advised residents to remain indoors, avoid open areas and trees during lightning, and secure loose objects.
