Congress leader Rahul Gandhi has called for a Joint Parliamentary Committee (JPC) investigation into what he describes as the "biggest stock market scam." During a press conference, he questioned why top BJP leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman, made comments about the stock market just days before the election results were announced.
Gandhi highlighted that PM Modi and other senior BJP leaders made optimistic predictions about the stock market's performance. He alleged that these comments led to a significant stock market crash on June 4, causing equity investors to lose Rs 31 lakh crore.Â
Rahul Gandhi outlined a timeline of events leading up to the market crash:
- **May 13:** Amit Shah advises people to buy shares before June 4.
- **May 19:** PM Modi predicts that the stock market will break records on June 4.
- **June 1:** Last phase of polling, followed by media exit polls.
- **June 3:** Stock market reaches an all-time high.
- **June 4:** Stock market crashes, resulting in massive losses for investors.
Gandhi alleged that BJP's internal surveys indicated they would secure 220 seats, and the market crash was manipulated to benefit certain individuals. He questioned why PM Modi and Amit Shah gave specific investment advice and why both leaders gave interviews to a news channel owned by a business group under SEBI investigation.
In response, BJP leader Piyush Goyal dismissed Gandhi's claims, accusing him of conspiring to mislead investors. Goyal highlighted India's economic achievements under Modi's leadership, noting that India's market cap has increased significantly, and the country has become the fifth-largest economy in the world. Goyal suggested that Gandhi's allegations stemmed from his inability to accept the election results.
