Congresa leader Rahul Gandhi on Thursday accused Prime Minister Narendra Modi and Union Home Minister Amit Shah of manipulating stock market that resulted in a loss of around ₹30 lakh crore for retail investors during the time of election results.
Mr Gandhi has demanded an investigation from a joint parliamentary committee (JPC) into the unusual behavior of stock markets between exit poll on June 1 and the day of final results on June 4.
To respond to the allegations by the Congress leader, the BJP fielded Union Minister Piyush Goyal who did not answer why Modi and Shah gave investment advice during the campaigning.
Stressing upon the statement that stock markets would break records on counting day, Rahul Gandhi said Modi and Shah manipulated stock markets.
“On May 13, Amit Shah said: ‘Buy shares before June 4’. On May 19, the Prime Minister said: ‘Stock markets will break records on June 4’. On June 1, the media releases the exit polls. On June 3, the stock market breaks records and reaches an all-time high. On June 4, the markets crash and investors, especially small ones, lose ₹30 lakh crore,” said the Congress MP.
Mr Gandhi even pointed out at the massive stock activity that took place on May 31, which was much more than what happened on May 30.
“Look at the anomaly. Who are these people? These are those people who know some scam is on. Thousands of crores of rupees were invested and after that there is a loss of Rs 30 lakh crore for retail investors. This is the biggest scam of India’s stock market history,” he said further.
Meanwhile, Mr Goyal in his response to the accusations made by Mr Gandhi said that the Congress leader is trying to mislead the stock market investors.
