Rahul Gandhi alleges scam behind Rs 31 Lakh crore stock market crash on June 4, Demands JPC Probe
Rahul Gandhi alleges scam behind Rs 31 Lakh crore stock market crash on June 4, Demands JPC Probe
Congress leader Rahul Gandhi has made serious allegations regarding a stock market crash that occurred on June 4, coinciding with the announcement of the Lok Sabha election results. He claims that this crash, which resulted in investors losing Rs 31 lakh crore, was due to a scam orchestrated with insider information.
The common people of India lost Rs 30 lakh crore in the stock market on June 4. We ask:
— Congress (@INCIndia) June 6, 2024
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 both… pic.twitter.com/lMCkMGBHBa
Rahul Gandhi alleges that the stock market crash on June 4 was a result of a scam, causing investors to lose Rs 31 lakh crore. He has called for a Joint Parliamentary Committee (JPC) probe into the alleged scam, insisting that there needs to be an inquiry against Prime Minister Narendra Modi, Home Minister Amit Shah, and those responsible for the exit polls.
The stock market had risen significantly after exit polls were released on June 1, which predicted the election outcomes but turned out to be grossly incorrect. Gandhi alleges that BJP leaders had prior knowledge that the exit polls were wrong. He demands an investigation into why PM Modi, Home Minister Amit Shah, and the finance minister made comments on the stock market during the election period and questions why they gave investment advice to investors during this time.
The stock markets typically react to political events and predictions, such as election results and exit polls. Significant volatility can occur when actual results deviate from expectations set by exit polls. Gandhi’s allegations suggest that manipulation of information and improper conduct by high-ranking officials could have led to the market crash. His call for a JPC probe underscores the need for transparency and accountability in how information related to elections and market conditions is managed and disseminated by those in power.
