Congress Calls for JPC Probe into Alleged Involvement of PM and HM in Stock Market Scam

NEW DELHI : The Indian National Congress has raised fervent demands for a Joint Parliamentary Committee (JPC) probe into the alleged involvement of Prime Minister Narendra Modi and Home Minister Amit Shah in what they term as the “biggest-ever stock market scam.” Congress leader Rahul Gandhi has accused the Prime Minister and Home Minister of providing specific investment advice to millions of families investing in the stock markets, leading to substantial losses for common Indians, estimated at ₹30 lakh crore on June 4th.

“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?” questioned Rahul Gandhi, highlighting the unusual nature of the purported guidance provided by the top leadership.

The Congress party has posed several critical questions, questioning the nexus between the Bharatiya Janata Party (BJP), purported fake exit pollsters, and dubious foreign investors who allegedly profited significantly at the expense of Indian retail investors. Congress has drawn attention to the timing of investments made by foreign entities just before the release of exit polls, raising suspicions of collusion and insider trading.

Furthermore, the Congress party has raised concerns regarding the exclusive interviews granted by both the Prime Minister and the Home Minister to the same media house, owned by a business group currently under investigation by the Securities and Exchange Board of India (SEBI) for alleged manipulation of the stock market.

“We demand a JPC to investigate this. We are convinced it’s a SCAM. Someone has made thousands of crores at the expense of Indian retail investors. This is a criminal act,” asserted the Congress party in a statement, calling for a thorough investigation into the matter.

The demand for a JPC probe comes amid mounting public outcry and concerns over the integrity of India’s financial markets and the role of political leaders in influencing investment decisions. The Congress party’s allegations have sparked intense debate and scrutiny, highlighting the need for transparent and impartial investigations to uphold the interests of investors and maintain the integrity of the stock market