'Why did PM Modi, Amit Shah give specific investment advice?' 5 questions from Rahul Gandhi's 'stock market scam' presser

PM Modi and Amit Shah were directly involved in the scam, the Congress leader alleged

Congress leader Rahul Gandhi Congress leader Rahul Gandhi demaded a JPC inquiry against PM Modi, Home Minister Shah | X

The BJP higher-up carried out a stock market scam in which Prime Minister Modi and Home Minister Shah were directly involved Congress leader Rahul Gandhi alleged on Thursday evening. The "scam" resulted in common people losing over Rs 30 lakh crore and a joint parliamentary committee (JPC) probe should be launched into the matter, Rahul Gandhi said while meeting the media at the party headquarters. 

The Prime Minister and Home Minister went on to give investment advice to people, despite knowing that the exit polls were wrong. He alleged the BJP leadership knew their party was not going to get more than 220 seats in the Lok Sabha elections. Besides Modi and Shah, Finance Minister Nirmala Sitharaman had also commented on the stock markets ahead of elections, which has never happened in the past, Rahul Gandhi pointed out.

Here is breaking down Rahul Gandhi's allegations from Thursday's presser against PM Modi and other BJP leaders. 

1. "Why did PM Modi and Union Home Minister give specific investment advice to the five crore families investing in the stock market? Is it their job to give investment advice?"

2. "Why were both interviews given to the same media owned by the same business group which is also under SEBI investigation for manipulating stock?"

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 a huge profit at the cost of five crore salaries? We demand a JPC into this. We are convinced that this is a scam."

4. "Somebody has made thousands of crores of Rupees at the cost of Indian retail investors and the Prime Minister and the Union Home Minister have given an indication to buy. So we demand today a joint parliamentary committee to investigate this."

5. "It is connected to the Adani issue but it is much broader. This is directly the Prime Minister of India and the Home Minister who are privy to data on the actual election results, who have the IB reports, who have their own data, and who are advising retail investors to buy stocks.... Quite interestingly, this has never happened before that the PM has commented on the stock market. This is happening for the first time and multiple times when he is saying that the stock market is going to boom."

- With agency inputs

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