The aftermath of the Lok Sabha election 2024 results has sparked a heated controversy, with Congress leader Rahul Gandhi leveling serious allegations against Prime Minister Narendra Modi and Home Minister Amit Shah over the turbulence witnessed in the stock market on June 4.
https://x.com/RahulGandhi/status/1798697624461328742
During a press conference on Thursday, Rahul Gandhi claimed that retail investors “lost 30 lakh crore rupees” on June 4, branding it as the “biggest scam in the history of the Indian stock market.” He accused the BJP leadership of providing specific investment advice to investors before the election results, alleging a connection between the BJP, fake exit pollsters, and dubious foreign investors.
“For the first time, we noted that during the elections, the Prime Minister, the Union Home Minister, and the Finance Minister commented on the stock market,” Rahul Gandhi said. “The Prime Minister said that the stock market is rising at a great speed, the Union Home Minister said that on June 4, the stock market will be on the rise and you all should invest, and similar sentiments were echoed by the Finance Minister.”
Gandhi further alleged that the BJP’s internal survey had shown them winning only 220 seats, while intelligence agencies had informed the government of a similar projection. “The media releases fake exit polls, BJP’s internal survey showed them 220 seats, BJP leaders had this info. Intel agencies had told the government that they will get 200-220 seats. The stock market broke all records on June 3, and on June 4, it went underground,” he claimed. Highlighting unusual trading activity on May 31, Gandhi questioned the identity of those who were aware of the alleged scam and accused foreign investors of investing thousands of crores while retail investors bore the brunt of losses.
However, Union Minister Piyush Goyal strongly rebuffed Rahul Gandhi’s claims, dismissing them as the “frustration of loss” in the Lok Sabha election 2024.
https://x.com/PiyushGoyal/status/1798747203420430551
“Today, Rahul Gandhi did a press conference and labeled some serious allegations. This is in frustration of loss and not even sparing the market,” Goyal stated. The allegations and counter-accusations have raised concerns about the integrity of the stock market and the fairness of the electoral process. As the controversy unfolds, calls for a thorough investigation into the matter are growing louder, with the opposition demanding transparency and accountability from the ruling party.
