Rahul Gandhi Accuses BJP Leaders of Stock Market Manipulation Ahead of Elections

Image Source : Screen Grab | Press Conference Video | Indian National Congress – FB.

Dated 6th June 2024

By B R Abdul Wajid

Chief Political Editor

New Delhi | During a press conference at the AICC Headquarters in New Delhi, Congress leader Shri Rahul Gandhi made serious allegations against the BJP leaders. He claimed that the Prime Minister, Home Minister and Finance Minister made comments about the stock market during the election period, which is unprecedented.

Rahul Gandhi pointed out that the Prime Minister mentioned several times that the stock market was set to rise rapidly. He said that the Home Minister Amit Shah, directly encouraged people to buy shares before June 4, 2024, claiming the market would skyrocket on that date. The Finance Minister also conveyed a similar message.

Images Source : Indian National Congress – FB.

Detailing the sequence of events, Gandhi stated that on May 13, 2024, Amit Shah advised buying shares before June 4. Then, on May 19, Prime Minister Narendra Modi said the stock markets would break records on June 4, and he reiterated this on May 28. Following this, on June 1, the media released false exit polls.

According to Rahul Gandhi, the BJP’s internal survey indicated they would win 220 seats, and this information was known to BJP leaders. Intelligence agencies had informed the government that they would likely secure between 200 and 220 seats. On June 3rd 2024, the stock market broke all records, but on June 4th, it suddenly crashed.

Gandhi questioned who knew about the impending issues, as thousands of crores of rupees were invested, including foreign investments. He highlighted that there was a loss of 30 lakh crore rupees, primarily affecting retail investors. He termed this incident as the biggest scam in the history of India’s stock market.

Rahul Gandhi’s accusations raise serious concerns about the conduct of BJP leaders and their potential influence on the stock market for political gain.

VIDEO | HIGHLIGHTS |Congress leader Shri Rahul Gandhi addressing Media during the press conference at AICC Headquarters in New Delhi. Video Source – Indian National Conference – FB.

Rahul Gandhi Demands JPC Probe into Alleged Stock Market Scam Involving BJP Leaders :-

Rahul Gandhi described this as the biggest scam in the history of India’s stock market, where the common people of India lost Rs 30 lakh crore on June 4. He raised several critical questions:

Image Source : Indian National Congress – FB.

1. Why did the PM and HM give specific investment advice to the 5 crore families investing in the stock markets ? Is it their job to give investment advice to the people?
2. Why were both interviews given to the same media house owned by the same business group, which is also under SEBI investigations for manipulating stock markets?
3. What is the connection between the BJP, the fake exit pollsters, and the dubious foreign investors, who invested one day before the exit polls were announced and made huge profits, at the cost of 5 crore families?

Rahul Gandhi demanded a Joint Parliamentary Committee (JPC) investigation into this biggest-ever stock market scam. He emphasized that he is convinced it is a scam where somebody made thousands of crores of rupees at the cost of Indian retail investors. He stated that the Prime Minister and the Home Minister giving indications to buy was a criminal act.

Therefore, the Congress party is demanding an immediate JPC investigation to uncover the truth behind this scam and hold those responsible accountable.

VIDEO | HIGHLIGHTS |Congress leader Shri Rahul Gandhi addressing Media during the press conference at AICC Headquarters in New Delhi. Video Source – Indian National Conference – FB.