TPCC Senior VP accuses Modi of major scandal affecting stock market
Telangana Pradesh Congress Committee (TPCC) Senior Vice President G Niranjan has alleged that Narendra Modi was involved in a major scandal even before the beginning of his third term in office
Telangana Pradesh Congress Committee (TPCC) Senior Vice President G Niranjan has alleged that Narendra Modi was involved in a major scandal even before the beginning of his third term in office.
The turmoil in the stock market caused a loss of Rs 30 lakh crore to investors.
Speaking to the media at Gandhi Bhavan here on Friday, he stated that Amit Shah on May 13 and Modi on May 15, in interviews with a national channel, urged investors to purchase shares by June 4, warning that otherwise, share prices would rise beyond the reach of investors.
On June 1, when the exit poll results indicated that the NDA would secure more than 400 seats, the stock market gained Rs 13 lakh crores in a single day.
However, when the actual election results were announced on June 4, the stock market suffered a loss of Rs 31 lakh crores.
"Modi and Amit Shah are fully responsible for this," Niranjan said. "Are Modi and Amit Shah share brokers to call for buying shares? No politician has influenced the stock market in the past as Modi and Amit Shah did. All this was done in collusion with the organizers of the exit poll. The SEBI should investigate to identify the individuals or firms that benefited from this heinous deal."
It is noteworthy that former Secretary of Finance and senior IAS officer E A S Sharma has also written a letter requesting an ED inquiry to investigate this market turmoil.
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