The BJP on Friday accused billionaire financier-philanthropist George Soros of trying to undermine India’s democracy by predicting that the Adani group’s woes would loosen Prime Minister Narendra Modi’s grip on power.

Adani group has been under severe pressure since the US short-seller Hindenburg Research, on January 24, accused it of accounting fraud and stock manipulation. Soros, in a speech at the Munich Security Conference on Thursday, said Modi would “have to answer questions” from foreign investors and Parliament on allegations the Adani group is facing.