Indian National Congress (INC) Leader Rahul Gandhi Press Conference June 6 News: Indian National Congress (INC) leader Rahul Gandhi demanded a Joint Parliamentary Committee probe into the “biggest stock market scam” in Indian history, referring to the loss of Rs 30 lakh crore of investors’ wealth on Dalal Street on June 4 as preliminary vote-counting data showed a weaker mandate for the BJP than projected in several exit polls. “Today I have come to you with an important issue… People higher up in BJP carried out this stock market ‘scam’… Retail investors lost Rs 30 lakh crore, this is biggest stock market ‘scam’,” the Congress leader said in a press conference post-market hours on Thursday, June 6. The press conference came days after the results of the 2024 Lok Sabha polls were declared, wherein the BJP-led NDA bagged 292 seats while the INC-led INDIA alliance secured 234 seats.
Here are some of the highlights of what Rahul Gandhi said:
- For first time we noted that during polls, PM Narendra Modi, Home Minister Amit Shah, finance minister commented on stock market
- PM Modi said the stock market would race to new peaks; Home Minister and Finance Minister also said the same
- This is the chronology of events
- BJP’s official internal survey, in an intelligence report, estimated 200-220 seats for the party
- Stock market broke records after June 2 and fell sharply on June 4
- Stock markets rose after ‘fake’ exit polls, and then crashed on June 4
- Why did the PM and the home minister give investment advice to investors? (Rahul Gandhi asked Narendra Modi and Amit Shah)
- This is the biggest stock market scam in Indian history
- Retail investors lost Rs 30 lakh crore; this is biggest stock market ‘scam’
- BJP leaders had info that exit polls were wrong
- We want JPC probe into biggest stock market ‘scam’
- We want inquiry against Modi, Shah and those who carried out the exit polls
- This is a criminal act
- People higher up in BJP carried out this stock market ‘scam’
- PM Modi, Home Minister Amit Shah directly involved
“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? We demand a JPC investigation into this biggest-ever stock market scam,” the INC wrote in a post on microblogging site X (formerly Twitter).
The common people of India lost Rs 30 lakh crore in the stock market on June 4. We ask:
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
— Congress (@INCIndia) June 6, 2024
Meanwhile, Narendra Modi was set to take oath as the Prime Minister of India for the third time in a row in New Delhi on Sunday (June 9, 2024). Read more on PM oath ceremony
