'Buy stocks before June 4!': Rahul Gandhi blames Modi, Shah for ‘share market scam’, investors' ₹30 lakh crore loss

on Thursday slammed Narendra Modi and Amit Shah noting that their unsolicited advised led a ₹30 lakh crore loss due to the the market crash. He also demanded a Joint Parliamentary Committee (JPC) probe into the matter. 

Rahul Gandhi said, “"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.

“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 was said by the Finance Minister...Amit Shah says buy shares before June 4, 19 May PM Modi says the stock market will break records on June 4…"

He further asserted, "the retail investors lost ₹30 lakh crore, this is the biggest scam".

"Why did give specific investment advice to the five crore families investing in the stock market? Is it their job to give investment advice? Why were both interviews given to the same media owned by the same business group which is also under SEBI investigation for manipulating stock?," he said.

“What is the connection between the BJP, the fake exit pollsters and the dubious foreign investors who invested one day before the exit polls were announced and made a huge profit at the cost of five crore salaries? We demand a JPC into this. We are convinced that this is a scam. Somebody has made thousands of crores of Rupees at the cost of Indian retail investors and the Prime Minister and the Union Home Minister have given an indication to buy. So we demand today a joint parliamentary committee to investigate this"

The counting of the 2024 Lok Sabha elections was held on Tuesday. According to the Election Commission of