Congress seeks JPC in ₹30 lakh cr retail loss in stock markets
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Rahul Gandhi seeks JPC probe in stock market crash
By Our Special Correspondent
New Delhi, June 5: The Congress on demanded a joint parliamentary committee (JPC) probe into the alleged stock market manipulations ahead of the announcement of the Lok Sabha poll verdict. The Congress also sought explanations from Prime Minister Narendra Modi and the Union Minister for Home Affairs, Amit Shah, for giving the stock buy advices.
Addressing a presser, former Congress president Rahul Gandhi alleged the stock market manipulations ahead of the Lok Sabha verdict on June 4. “This is for the first time the prime minister commented that the stock market will boom. He made the claims despite the data available with him,” Gandhi alleged.
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The Congress leader claimed that the retail investors lost ₹30 lakh crores because of the stock market crash on June 4. “They (Modi and Shah) knew that the market would crash. Yet, they advised the people to buy shares ahead of June 4,” said Gandhi.
The Congress leader also sought probe into the roles of the pollsters who carried out the Exit Polls. “Those who carried out the Exit Polls are involved in the stock market manipulation scam. We will like to know if the Exit Polls were actually held. We are not speaking in air,” said Gandhi.
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The Congress leader accused that “the prime minister and the home minister were directly involved in the stock market manipulation scam”. “Under what capacity did the prime minister and the home minister give advices to the people to buy shares,” said Gandhi.
Giving chronology, Gandhi said that Shah first on May 13 made the claim that the stock market will sharply rise on June 4 in an interview to a “channel linked to Adani”. Gandhi said the prime minister made the same claim in an interview to the same channel on May 19 “in an interview to the same channel’.
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It may be noted that the stock markets rose sharply on May 3, Monday, tracking the Exit Polls’ predictions made on Friday. However, the stock markets tanked on Tuesday on the day of the Lok Sabha poll verdict.
“We stick to the demand of the JPC probe in the stock market manipulation. The Opposition is now strong in parliament,” asserted Gandhi.
The Congress leader claimed that certain entities toom position in the market to cash out at the peak on euphoria of the Exit Polls impact.
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