New Delhi: Congress leader Rahul Gandhi on Thursday demanded a joint parliamentary committee (JPC) investigation into what it calls the ‘biggest stock market scam’. On May 23, Prime Minister Narendra Modi had said that the stock market will hit new highs after the Lok Sabha election results. “I can say with confidence that on June 4, as BJP hits record numbers, the stock market will also hit new record highs,” he had said.
On May 13, Union Home Minister Amit Shah had urged not to link the stock market movements directly to the ongoing Lok Sabha elections.“The market has nosedived in the past as well. So one should not link it directly to elections. Anyway, some rumours may have fuelled it (the fall). In my opinion, buy before June 4. The market is going to shoot-up,” the minister had told a leading business channel.
“Why did the PM and Union Home Minister give specific investment advice to the five crore families investing in the stock market? Is it their job to give investment advice? Why were both interviews given to the same media owned by the same business group which is also under SEBI investigation for manipulating stock?” Gandhi said at a press briefing.
Rahul Gandhi alleged that PM Modi and Union home minister who had data on actual election results, advised retail investors to buy stock.
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