New Delhi (PTI): The Opposition on Monday stepped up its attack on the government over Hindenburg’s allegations against SEBI chairperson Madhabi Buch with the Congress warning of a nationwide stir if a JPC probe is not initiated, even as the BJP dismissed the demand as a “sham” aimed at undermining the Indian economy.

The Indian stock market held up despite Rahul Gandhi lending his voice to the “trash” Hindenburg report, the ruling party said and alleged billionaire investor George Soros was behind the moves to destabilise the economy and the Modi Government.

After launching a broadside against the chief of market regulator SEBI, alleging that she and her husband had stakes in obscure offshore funds used in the “Adani money siphoning scandal”, US short-seller Hindenburg Research said Buch has now publicly confirmed her investment in an obscure Bermuda/Mauritius fund structure.

Hours after Buch and her husband issued a statement calling Hindenburg’s latest tirade as an attack on the credibility of SEBI and attempted “character assassination”, Hindenburg in a series of posts on X said their response includes several important admissions and raised numerous new critical questions.