The BJP on Thursday said Hindenburg Research's decision to disband was surprising and slammed Rahul Gandhi and the Congress party for relying on its reports to disrupt Parliamentary proceedings.
Amit Malviya, in charge of BJP's National Information & Technology Department and member National Executive in a social media post said that Hindenburg Research's decision to disband came as little surprise, coinciding with the Trump administration's transition into office.
"As the US Department of Justice plans to probe into the firm's functioning, a bit of retrospection is warranted as Rahul Gandhi and Congress rely on the Hindenburg Report. They have held scores of press meets, disrupted the parliament proceedings many times, all factually and legally based on the 'findings' of this dubious George Soros-funded 'group'," Malviya said.
He also charged the Congress party with allying with the forces. "Hindenburg and its sponsors targeted the Indian stock market, which sees massive participation from retail investors, with the Congress party acting in alignment with their sinister agenda."
Earlier, Hindenburg Research founder Nate Anderson announced that he was breaking up the short seller firm and said there isn't one thing — "no particular threat, no health issue and no big personal issue" for him to get out of.
The short-seller firm had targeted several top corporate leaders around the world, including in India, mostly at the behest of vested interests to create economic turbulence.
He, on his website, posted a letter saying, "The intensity and focus "has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me."
As I have shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today," he wrote.
The Hindenburg founder further said that for now, "I will be focused on making sure everyone on our team lands where they want to be next.".
"Some are going to start their own research firm, which I will strongly and publicly encourage, even as I will have no personal involvement. There are others on our team who are now free agents—so feel free to reach out to me if you have a need for anyone who is brilliant, focused, and easy to work with, as they all are," he said.
Anderson plans over the next 6 months or so to work on a series of materials and videos to open-source every aspect of our model and how we conduct our investigations.
In India, Hindenburg's allegations against Indian corporate leaders were touted as not merely frivolous but cheap antics.