After two weeks of counting of votes that exposed the alleged Exit Poll scam of manipulating the stock market, a delegation of INDIA bloc MPs, including that of TMC, Shiv Sena (UBT) and NCP (SP) demanded an investigation into the scam.
An I.N.D.I.A bloc MPs delegation, including that of TMC, Shiv Sena (UBT) and NCP (SP) on Tuesday met officials of the Securities and Exchange Board of India (SEBI) and demanded an investigation into the alleged stock market manipulation following exit polls earlier this month.
The delegation led by TMC comprising MPs Kalyan Banerjee, Sagarika Ghose and Saket Gokhale, was joined by Shiv Sena (UBT) MP Arvind Sawant and former NCP (SP) MLC Vidya Chavan, met the officials of the Securities and Exchange Board of India (SEBI).
The issue was first raised soon after poll results by Congress leader Rahul Gandhi, who called the Exit polls a means of stock manipulation and described it as the “biggest stock market scam” with retail investors losing Rs 30 lakh crore due to the market crash after the Lok Sabha poll result.
He also alleged that Prime Minister Narendra Modi and Union Home Minister Amit Shah were directly involved. Leter, West Bengal Chief Minister and Trinamool Congress (TMC) President Mamata Banerjee has also demanded an investigation into how stock markets were “manipulated by using fake exit polls”. However, the BJP has dismissed his charges as “baseless”.
After the meeting, TMC MP Kalyan Banerjee said that the delegation demanded a thorough investigation into whether exit poll agencies have any connection with political leaders. The MP claimed that the share market soared on June 3, but crashed a day late.
He alleged that within 24 hours, small investors lost Rs 30 lakh crore and the families of politicians have earned crores due to this. “Amit Shah repeatedly said in various election campaigns to purchase early (before the polls) and you (investors) will get the benefit. We need an investigation to instil confidence (among investors),” he added.
It is pertinent to note that the exit polls predicted a landslide victory for the NDA-led BJP in the Lok Sabha polls, due to which the share market saw huge purchases, thereby rising in a stroke. However, results turned out differently leading to the market crash.