Billionaire George Soros, known for breaking the Bank of England in 1992,dashed out at Narendra Modi and his government, stating that Indian business tycoon Gautam Adani’s recent troubles in the stock market would spur ‘democratic revival in India’ and could weaken Prime Minister Narendra Modi’s hold on the government. Soon after, the BJP unleashed scathing attack attack against Soros, alleging that his his remark was a ‘declaration to destroy India’s democratic processes’.
WHAT SOROS SAID?
While delivering a speech at the 2023 Munich Security Conference, Soros alleged that Narendra Modi was silent on the tock manipulation by Adani but would have to answer questions from foreign investors and in parliament. “This will significantly weaken Modi’s stranglehold on India’s federal government and open the door to push for much-needed institutional reforms. I may be naive, but I expect a democratic revival in India,” he was quoted as saying.
THE BJP AND SMRITHI IRANI
Soon after the comments, BJP slammed the billionaire, called upon Indians to unitedly respond to ‘foreign powers who try to intervene in India’s democratic processes’. BJP leader and Union minister Smriti Irani said that everyone should condemn his remarks in one voice.
Further, calling Soros’s remark a ‘declaration to destroy India’s democratic processes’, she said Indians have defeated such ‘foreign powers’ who tried to meddle with the country’s internal affairs earlier as well, and will do so again.
Irani also alleged that Soros was an ‘economic war criminal’ who had declared his ill-intention towards India. Stating that he was a man who broke the Bank of England, and designated by the nation an economic war criminal, she said that he has now pronounced his desire to break Indian democracy.
Stating that Modi had repeatedly said that he could take criticism, she said that an attempt on India would not be tolerated.
Senior Congress leader Jairam Ramesh in a tweet said, “”Whether the PM-linked Adani scam sparks a democratic revival in India depends entirely on the Congress, Opposition parties & our electoral process. It has NOTHING to do with George Soros. Our Nehruvian legacy ensures people like Soros cannot determine our electoral outcomes.”
SOROS, THE MAN
The 92-year-old philanthropist is one of the wealthiest men in the world. Born in Hungary in 1930, he lived through the Nazi occupation of 1944–1945. His own Jewish family survived by securing false identity papers, concealing their backgrounds, and helping others do the same. Soros later recalled that “instead of submitting to our fate, we resisted an evil force that was much stronger than we were—yet we prevailed. Not only did we survive, but we managed to help others.”
Soros left Budapest in 1947 for London, working part-time as a railway porter and as a night-club waiter to support his studies at the London School of Economics. In 1956, he emigrated to the United States, entering the world of finance and investments, where he was to make his fortune. Soros made his mark in the financial world by making bold investment decisions after establishing a hedge fund in 1973. He managed client money from 1969 to 2011. He shorted the British pound and reportedly made a profit of $1 billion. He became known as the man who broke the Bank of England.
Soros used his fortune to create the Open Society Foundations—a network of foundations, partners, and projects in more than 100 countries. After the end of the Cold War, Mr Soros established these foundations in Czechoslovakia, Poland, Russia, and Yugoslavia. By the beginning of this century, these Open Society Foundations were active in more than 70 countries. He has also been involved in political activism, and supported the presidential campaigns of Barack Obama, Hillary Clinton in Joe Biden. Mr Soros has spoken against China’s President Xi Jinping, former US President Donald Trump and Turkey’s Recep Tayyip Erdogan.