Earlier on Thursday, the Indian National Congress leader Rahul Gandhi demanded the formation of a joint parliamentary committee (JPC) for investigation of what he terms the ‘biggest stock market scandal.’ In a press briefing, Gandhi questioned the role of officials of the government and some large companies in the alleged market manipulation.
“Why did the Prime Minister and the Union Home Minister offer specific investment advice to the five crore families who invest in the stock market?” Rahul Gandhi asked. ‘Is it part of anyone ‘s job to advise people how to invest?” Why were both interviews given to the same media house, to the same business group, that is under SEBI investigation for share manipulation?”
He further amplified some issues that were raised to try to pry an eye on the stock exchange, especially before the announcement of exit polls. “What is the link between the BJP, the fake exit pollsters and the foreign investors who invested in the last day of the polls and became crorepati at the cost of five crore families,” Suchan stated.
The essence of Gandhi’s argument was that the outcry over the scam prompted him to call for an extensive probe that would reveal that the select few were making quick millions as ordinary Indian retail investors lost their hard-earned monies. “That is why we demand a JPC in this regard today,” he said to a news agency as quoted, “We are sure that this is a scam; somebody has made thousands of crores of rupees sitting in this country at the cost of Indian retail investors and the Prime Minister and the Union Home Minister have an indication to purchase it.”
This raised the conflict even before statements were made by Prime Minister Narendra Modi and Union Home Minister Amit Shah before the Lok Sabha election results.
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