Rahul accuses Modi govt of making rich richer, questions its silence on F&O manipulation

Leader of Opposition in the Lok Sabha Rahul Gandhi. File

Leader of Opposition in the Lok Sabha Rahul Gandhi. File
| Photo Credit: ANI

Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday (July 7, 2025) accused the Modi Government of making the rich richer and pushing ordinary investors to the brink of ruin by being silent on ‘manipulation’ by big players in the F&O market.

Mr. Gandhi, in a post on X, said that he had predicted the loopholes in the Futures and Options (F&O) markets.

“I clearly stated in 2024 — the F&O market has become a playground for ‘big players,’ and small investors’ pockets are continuously being drained.

“Now SEBI itself is admitting that Jane Street manipulated thousands of crores. Why did SEBI remain silent for so long?” he asked in his post in Hindi.

The Congress leader accused Prime Minister Narendra Modi-led Centre of turning a blind eye to the revelation and wondered if there were more players rigging the market.

“At whose behest was the Modi Government sitting with its eyes shut? And how many more big sharks are still shorting retail investors?” he said.

“In every case, it is clear — the Modi Government is making the rich richer and pushing ordinary investors to the brink of ruin,” he alleged.

Mr. Gandhi tagged his September 24, 2024 post in which he had stated, “Uncontrolled F&O trading has grown 45x in 5 years. 90% of small investors have lost ₹1.8 lakh Crore in 3 years.”

It went on: “SEBI must reveal the names of the so called ‘Big Players’ making a killing at their expense.”

SEBI Chairman Tuhin Kanta Pandey on Monday (July 7) said the capital markets regulator does not see “many other risks” like the manipulations done by the hedge fund Jane Street.

In an order released in the early hours of Friday (July 4), the market regulator found Jane Street, a New York-based hedge fund, guilty of manipulating the indices by taking bets in the cash, and, Futures and Options markets simultaneously for making handsome gains.

It has suspended the hedge fund from accessing the market and impounded over ₹4,843 crore in gains.

The probe has found that Jane Street made a profit of ₹36,671 crore on a net basis during the probe period from January 2023-May 2025.

Source link

Visited 1 times, 1 visit(s) today

Related Article

BTC/USD Forecast Today 07/07: Drops from Ceiling (graph)

BTC/USD Forecast Today 07/07: Drops from Ceiling (Video)

Bitcoin fell during the trading session on Friday as the July 4th session will have taken a certain amount of liquidity out of the market. All things being equal, when I look at this chart, I can see that we are clearly consolidating. If you look at the gold market, it’s somewhat similar. We had

Donald Trump addressing a joint session of Congress during his State of the Union speech.

Think President Donald Trump’s Tariffs Are Wall Street’s Biggest Concern? Then You’re Completely Overlooking This Colossal Problem.

While tariffs are a tangible worry for investors, something far more nefarious (and important) can weigh on the stock market. When examined with a wide lens, no asset class has come particularly close to matching or surpassing the annualized return of stocks. But generating life-changing long-term returns in the stock market often means enduring periods

Warren Buffett smiling at an event.

Is Berkshire Hathaway the Smartest Investment You Can Make Today?

If you spend any time around Wall Street, from just reading market news to actually working in finance, you know the names Warren Buffett and Berkshire Hathaway (BRK.A 0.98%) (BRK.B 0.98%), which is the company he runs. Despite the stock’s incredible track record, however, there are reasons it may not be the smartest investment you

Two investors at home look at something on a laptop.

Billionaire Michael Platt Just Made a Move that Would Please Warren Buffett

Billionaire investors have proven their talents over the years by producing big returns for clients and for themselves. They don’t all make the same moves at the same times, though — and sometimes they pivot in completely opposite directions. For example, in the past year, Stanley Druckenmiller of the Duquesne Family Office sold all of

EUR/USD Weekly Forecast 06/07: Higher Price Range (Chart)

EUR/USD Weekly Forecast 06/07: Higher Price Range (Chart)

The EUR/USD has been able to hold onto the upper elements of its long-term price range. Yes, the currency pair went into the weekend well below its high around 1.18315 touched last Tuesday, but the broad Forex market saw volumes start to decrease significantly on Thursday and into Friday before going into the weekend. The

Weekly Forex Forecast - July 06th

Weekly Forex Forecast – July 06th

I wrote on 29th June that the best trades for the week would be: Long of the EUR/USD currency pair. This ended the week higher by 0.46%. Long of the NASDAQ 100 Index. This ended the week higher by 1.03%. Long of NVIDIA. This ended the week higher by 0.59%. Long of Silver in USD

0
Would love your thoughts, please comment.x
()
x