Interview: Exit polls rigged by BJP for stock market scam, says Congress data chief
The dramatic rise and fall in the markets in the lead up to Lok Sabha polls results was due to insider trading, Praveen Chakravarty alleged.
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On Thursday, Congress MP Rahul Gandhi alleged in a press conference that the sharp rise in the stock markets on June 3, a day before the Lok Sabha results, and the record fall on the day of the counting was the “biggest-ever stock market scam”.
He alleged that “fake” exit polls that predicted a landslide victory for the Modi government had been conducted to push the markets up, which crashed after it became clear that the ruling Bharatiya Janata Party would not get a clear majority on its own. Gandhi also questioned why Prime Minister Narendra Modi and Union Home Minister Amit Shah gave “specific investment advice”, in their interviews, ahead of the election results. The Congress leader called for an investigation by a Joint Parliamentary Committee.
On Friday, Scroll spoke to Praveen Chakravarty, a former investment banker who is the chairman of the Congress professionals’ wing and data analytics department, about the allegations made by his party.
What exactly is the allegation that the Congress is making about the so-called stock market scam?
The main allegation is based on evidence and data, which is on May 31, stock market activity doubled. It is extremely rare for stock market activity to double in a single day. It usually happens when there...
