- By Imran Zafar
- Mon, 12 Aug 2024 06:28 PM (IST)
- Source:JND
BJP MP Ravi Shankar Pradesh in a press conference on Monday accused George Soros, a Hungarian-American investor, of being behind an alleged attack on the Indian economy through his purported connection to Hindenburg Research. The BJP leader linked George Soros to the recent Hindenburg report, which claimed that SEBI Chairperson Madhabi Puri Buch and her husband held stakes in obscure offshore funds linked to the alleged Adani money siphoning scandal.
Ravi Shankar Prasad questioned George Soros's involvement in Hindenburg Research. "Today we want to raise some issues. Whose investment is there in Hindenburg? Do you know this gentleman George Soros who regularly runs propaganda against India... He is the main investor there" Prasad claimed, suggesting that Soros's financial interests may be tied to the negative report that has cast a shadow over India's market regulator, the Securities and Exchange Board of India (SEBI), and its chairperson Madhabi Puri Buch.
The BJP's allegations against George Soros come in the wake of his previous criticisms of India. George Soros has been a contentious figure in Indian politics, especially after his remarks at the Munich Security Conference in February 2023.
During the conference, George Soros criticised Indian Prime Minister Narendra Modi, calling him "no democrat" and suggesting that the Adani controversy could lead to a democratic resurgence in India. His comments, delivered in a speech that covered a range of global issues, including climate change and geopolitical tensions, were seen by the BJP as an attempt to meddle in India's internal affairs.
Who Is George Soros?
George Soros, a 94-year-old Hungarian-American businessman, investor and philanthropist, is well-known for his support of progressive and liberal causes through his Open Society Foundations. He has a long history of involvement in global financial markets and political discourse. Soros's wealth currently stands at USD 6.7 billion, having donated 64 per cent of his original fortune to various causes, including efforts to promote democracy, transparency and education worldwide.
Born to a Jewish family in Hungary, Soros survived the Nazi occupation and relocated to the UK in 1947. He earned degrees in philosophy from the London School of Economics. Soros began his career in merchant banks before launching his first hedge fund, Double Eagle, in 1969, followed by Soros Fund Management in 1970.
He is widely known for supporting progressive and liberal causes, particularly through his philanthropic efforts that have focused on alleviating poverty, enhancing transparency, and funding education globally.
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The BJP's latest allegations attempt to draw a direct line between George Soros's past criticisms and the financial turbulence caused by the Hindenburg report, painting him as a key player in what the saffron party describes as an orchestrated effort to destabilise India's economy.
