Official announcement from the Indian Parliament or JPC

Rahul Gandhi Demands JPC Probe into Modi, Shah's Stock Market Movements

Jun 6, 2024, 12:42 PM

India's opposition Congress party leader Rahul Gandhi has called for a Joint Parliamentary Committee (JPC) investigation into the recent stock market movements. Gandhi alleges that Prime Minister Narendra Modi and Home Minister Amit Shah advised investors to buy stocks before June 4, leading to suspicious market activity. The demand for a probe comes after notable fluctuations in the stock market following the exit polls, including Monday’s rise. Gandhi has also criticized Finance Minister Nirmala Sitharaman for her involvement in the matter. The opposition's call for a JPC aims to scrutinize the potential manipulation of the stock market during the election period.