Leaders of the Opposition INDIA bloc on Tuesday met officers of the Securities and Trade Board of India (SEBI) over the alleged manipulation of the inventory market on Lok Sabha elections outcomes day (June 4). The inventory market noticed a pointy decline on the day of the Lok Sabha election outcomes. The Congress alleged that the autumn in shares was because of the statements of Union Residence Minister Amit Shah and PM Narendra Modi who “gave funding recommendation to hundreds of retail traders”.
Congress chief Rahul Gandhi focused the federal government and Prime Minister Modi and Residence Minister Amit Shah for his or her statements in media interviews and alleged {that a} huge rip-off was being orchestrated within the inventory market.
On Tuesday, TMC leaders Saket Gokhale, Kalyan Banerjee, Sagarika Ghosh, Arvind Sawant from Shiv Sena (Uddhav Thackeray faction), Supriya Sule from NCP Sharad Pawar faction and different Opposition leaders reached the SEBI workplace in Mumbai to lodge a criticism concerning the statements made by PM Modi and Residence Minister Amit Shah within the media.
The Opposition leaders met SEBI chairman Madhavi Puri and demanded an investigation into the alleged rip-off.
INDIA Bloc’s Allegation Of Inventory Market Rip-off
TMC’s Kalyan Banerjee mentioned that after the outcomes have been introduced, the retail traders within the inventory market suffered a lack of Rs 30 lakh crore. “This can be a rip-off. Amit Shah had mentioned in an interview earlier than the outcomes to purchase shares in giant numbers. What’s his hyperlink with the inventory market? Narendra Modi and Amit Shah are behind this rip-off. This matter ought to be investigated.”
TMC chief Sagarika Ghosh demanded that Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and Amit Shah resign from their posts.
Arvind Sawant mentioned, “Amit Shah and Modi mentioned that folks ought to spend money on shares; they raised the slogan of ‘400 paar‘. This resulted in frequent individuals investing cash within the inventory market. However after the outcomes, they suffered large losses. SEBI ought to examine this matter.”
“The Supreme Court docket has requested the SEBI to research the matter. Now, let’s count on an investigation. The frequent man ought to get a consequence as a result of this has develop into a apply. It is a political fraud as a result of leaders of our nation are concerned on this,” Sawant mentioned.
VIDEO | Leaders of TMC, UBT Shiv Sena, NCP SP deal with a press convention after assembly with SEBI over the alleged inventory market manipulation.
“The Supreme Court docket has requested the SEBI to research the matter. Now, let’s count on an investigation. The frequent man ought to get a consequence… pic.twitter.com/vGBcZ4PtDs
— Press Belief of India (@PTI_News) June 18, 2024
Rahul Gandhi’s Allegations In opposition to PM Modi, Amit Shah
The delegation of India Alliance met the SEBI official and mentioned that the day after the election outcomes have been introduced, the inventory market fell sharply. All of the leaders mentioned that “an enormous sport” was at play and demanded an investigation.
Congress MP Rahul Gandhi had earlier accused PM Modi, Amit Shah, and Union Finance Minister Nirmala Sitharaman of manipulating the inventory market. Rahul Gandhi had mentioned: “For the primary time, we noticed the Prime Minister, the Residence Minister, and the Finance Minister touch upon the inventory market. The PM on 3-4 events instructed the nation that the inventory market would surge. The Union Residence Minister clearly mentioned that on June 4 the inventory market will skyrocket and folks can purchase shares. The identical message was repeated by the Union Finance Minister.” He additionally highlighted how the inventory market fell sharply after breaking all data on June 4.