INDIA
Who is George Soros? He is an Hungarian-American businessman. Here's why Smriti Irani called him Man who broke Bank of England.
Union Minister Smriti Irani on Friday slammed Hungarian-American billionaire George Soros for attacking Prime Minister Narendra Modi and Indian business tycoon Gautam Adani, and said that the country will defeat his 'imperialistic design'. She said the designs to weaken Indian democracy will be met with the might of India under the leadership of Prime Minister Narendra Modi.
"Today, as a citizen I call upon every Indian and organisation, societal or political, to denounce the intention of this individual who seeks to demonise our democracy and who brings an onslaught to the economy of India so that he can personally gain," said Irani.
She called George Soros the man who broke the bank of England and said he wants to break the Indian democracy by declaring his ill-intent to intervene in democratic processes of India.
George Soros, 92, said in a speech on Thursday that Prime Minister Narendra Modi will be weakened as a politician due to the financial troubles Gautam Adani finds himself in. He was talking with reference to the Hindenburg report accusing the group of stock price manipulation. Thousands of crores of stock value of the Adani Group had been wiped out due to the accusations that were later denied by the tycoon.
Soros said PM Modi would have to answer questions from foreign investors and parliament as to the allegations of fraud. He also said that PM Modi had been silent on the allegations.
Who is George Soros?
George Soros is a businessman and philanthropist. He had a net worth of $8.6 billion till March 2021. According to western media, he has donated $32 billion dollars to Open Society Foundations.
He was born in Hungary's Budapest. He survived the Nazi occupation of Hungary. He moved to the United Kingdom in 1947. He did his Bsc from London School of Economics. He started his career in the 1950s. He took several jobs at banks in the UK and IS. He started his hedge fund in 1969. He launched his second hedge fund in 1970 at a seed value of $12 million. The value of the fund in 2011 was $25 billion.
He is called The Man Who Broke The Bank of England in 1992 because he short sold $10 billion worth of pounds that made him a profit of $1 billion. Short selling means buying a commodity for a lesser price and selling it at high prices.
Soros is progressive and liberal as far as his political ideology is concerned.
George Soros, a well-known Modi critic, said the Adani crisis will break what he called stranglehold of the Central government and push for institutional reforms. Soros made the remarks at the 2023 Munich Security Conference.
"Adani Enterprises tried to raise funds in the stock market, but he failed. Adani is accused of stock manipulation and his stock collapsed like a house of cards. Modi is silent on the subject, but he will have to answer questions from foreign investors and in parliament," the billionaire alleged.
Soros also attacked the Indian government for buying cheap Russian oil despite the Ukraine-Russia war.
UP Court summons Rahul Gandhi on March 24 over 2022 remarks against Army
Indian consulate in Marseille to strengthen 'people-to-people ties': PM Modi
India’s Top 5 Richest YouTubers: Know who’s earning more than Samay Raina and Ranveer Allahbadia?
Mukesh Ambani, Sunil Mittal are working to revolutionise mobile calling in India by...
DNA TV Show: UP CM Yogi Adityanath's multi-level plan for Maghi Purnima
Tejasswi Prakash reveals why she joined Celebrity MasterChef: 'I am obsessed with...'
Delhi-NCR schools holiday: Delhi, Noida, Gurugram, Ghaziabad, schools closed tomorrow due to...
'We can teach children AI but...': Sudha Murty urges govt to provide funds to schools to promote...
THIS startup gives whopping bonus to employees for loyalty, they get Rs...
JEE Main 2025 Toppers List Released: Meet 14 candidates who scored 100 percentile this year
JEE Main Result 2025 DECLARED: Get direct link, steps to check NTA score and other details HERE
SHOCKING! Noida family held under ‘digital arrest’ for 5 days, loses Rs 1 crore to cyber fraud
Ranveer Singh, Akshaye Khanna shoot for Aditya Dhar's Dhurandhar in Mumbai, pictures get leaked
Why are hobby classes integral to Podar International School’s curriculum in Khopoli?
Mukesh Ambani buys Rs 6437604000 stake in THIS cricket team, not Mumbai Indians
World's richest man Elon Musk loses Rs 789330000000 in four days, net worth slips below Rs...
'Need global standards': PM Modi pushes for AI governance at Paris AI Summit
Ashutosh Rana slams Prabhas, Saif Ali Khan-starrer Adipurush: 'Audiences will not accept...'
Ahead of PM Modi-Donald Trump meet, India considers cutting tariffs on THESE items imported from US
Communication platforms are fast evolving into super apps
Mumbai Police reaches Ranveer Allahbadia's home in connection to India's Got Latent controversy
Junaid Khan says Aamir Khan, Reena Dutta spent ‘ridongculous’ amount on his...
Rohit Sharma, Rishabh Pant's warm gesture towards kid wins internet, watch viral video
Ajith Kumar recalls 'bad crash’ ahead of Portugal race: ‘When I crashed...'
India's Got Latent episode feat Ranveer Allahbadia blocked after government orders
Samay Raina performs in Seattle, enjoys with friends amid Ranveer Allahbadia controversy
Good news for Gautam Adani as Adani stocks rally up to 4.5% due to Donald Trump's this BIG move...
Amid rumours of dissent, AAP chief Arvind Kejriwal holds meeting with Punjab CM Mann, MLAs in Delhi
Woman makes 'Valentine edition parantha' for husband, netizens amused, watch viral video
How cashless treatment and telemedicine are transforming health insurance plans in India?
Top 3 astrologers of India: Newly updated list of 2025
A complete guide to documents needed for a personal loan
Mitolyn Reviews and Complaints - Mitolyn Supplement - Mitolyn Reviews Consumer Reports
Muslim wedding card goes viral for THIS bizarre reason, leaves netizens amused, check here
Surat: School students parade luxury cars to celebrate farewell, probe underway, watch viral video
Elon Musk offers this huge amount to buy ChatGPT maker OpenAI, Sam Altman says 'no thank you but...'
Pune: Pakistani currency note found in housing society near National Defence Academy; probe on
YouTube removes Ranveer Allahbadia's controversial video after Modi government's notice
Here's why Not Like Us singer Kendrick Lamar won't get paid for Super Bowl Halftime Show performance
Meet Samay Raina, creator of India's Got Latent, accused of promoting vulgarity, he is from...
Bank Holiday February 2025: Banks to remain closed in THIS state today due to...
Donald Trump issues BIG warning to Hamas, says 'all hell will break out' if...
Anil Ambani's RCap buy: Hinduja Group firm set to acquire debt-ridden Reliance Capital by THIS date
Meet man, MBA graduate from Harvard, who leads one of world’s big tech firms as CEO, he is...
Delhi-Dehradun Expressway opens, check travel time, toll fee and more
What happens during Snow Moon and when does it appear? Check dates and when to see
‘RBI’s gold buying is...’: FM Nirmala Sitharaman talks about rising gold reserves by central bank
Meet the Muslim king all set to challenge Donald Trump over Gaza, he is from...