Rahul Gandhi Demands JPC Probe into Alleged Stock Market Scam, Questions Modi and Shah’s Investment Advice

Congress leader Rahul Gandhi on Thursday called for a joint parliamentary committee (JPC) investigation into what he termed the “biggest stock market scam.” Addressing a press briefing, Gandhi criticized Prime Minister Narendra Modi and Union Home Minister Amit Shah for providing specific investment advice to retail investors, questioning their motives and the timing of their statements.

“Why did the PM 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?” Gandhi asked. He highlighted that both leaders gave interviews to the same media group, which is under investigation by SEBI for stock manipulation. He further linked this to dubious foreign investors who made significant profits just before the exit polls were announced.

Gandhi referenced Modi’s statement on May 23, predicting record highs for the stock market following the Lok Sabha election results. Modi had confidently stated, “On June 4, as BJP hits record numbers, the stock market will also hit new record highs.” Similarly, on May 13, Shah advised investors to buy stocks before June 4, suggesting the market would rise post-elections.

Gandhi alleged that the Prime Minister and Home Minister, privy to sensitive election data, used their positions to influence the stock market for personal gains. He argued this issue extends beyond the Adani controversy, implicating the highest levels of government in a broader scandal.

“This has never happened before. The Prime Minister has never commented on the stock market before. This is the first time the Prime Minister has commented very interestingly and multiple times, one after the other, saying that the stock market is going to boom,” Gandhi stated, emphasizing the need for a thorough JPC investigation to uncover the truth and hold those responsible accountable.