News Brief

"Biggest Scam In History Of Stock Market": Rahul Gandhi Demands JPC Probe Into Sudden Rise And Fall In Share Prices

Nishtha Anushree

Jun 06, 2024, 06:34 PM | Updated 06:34 PM IST

Congress leader Rahul Gandhi.
Congress leader Rahul Gandhi.

Congress leader Rahul Gandhi alleged that the "biggest scam in the history of the stock market" has taken place, as on 31 May, a day before exit polls on Lok Sabha elections, an unusually high activity was observed in the markets.

"On 3 June, the stock market breaks all records and on 4 June, goes underground, leading to the loss of Rs 30 lakh crore to retail investors," Gandhi said questioning Prime Minister Narendra Modi and Home Minister Amit Shah over their comments on stock markers.

"What is the connection between BJP, fake exit pollsters and the dubious foreign investors those who invested one day before the exit polls and made a huge profit at the cost of 5 crore (retail investor) families?" Gandhi questioned.

He said that they demand a Joint Parliamentary Committee (JPC) to investigate this as they are convinced that this is a scam because somebody made thousands of crores of rupees on PM's and HM's indication to buy.

When questioned on his previous demand of JPC on the Adani issue, Gandhi said, "It is connected to the Adani issue but much broader... The PM has never commented on the stock market before this, this is the first time."

Nishtha Anushree is Senior Sub-editor at Swarajya. She tweets at @nishthaanushree.

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