At whose behest the Modi government was the eyes sitting? Rahul Gandhi again targeted Sadha Center

Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on Monday launched a scathing attack on Jane Street on the government headed by Prime Minister Narendra Modi over the explosive action of SEBI, which has caused earthquake in the infrastructure of India’s Rs 6.2 lakh crore capital market. He wrote on X that I had clearly said in 2024 – F&O market has become a game of ‘big players’, and the pockets of small investors are constantly cutting. Now SEBI itself believes that Jane Street tricked thousands of crores. Why did Sebi remain silent for so long?

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Rahul Gandhi questioned that at whose behest the Modi government was blind? And how many big sharks are still shorting retail investors? In every case, it is clearly visible – the Modi government is making the rich more rich, and has pushed the common investors to the verge of ruin. Jane Street is a famous -owned trading firm located in the US, active in more than 45 countries. SEBI has recently accused the firm of benefiting its option trade by manipulating stock and index prices in India. According to SEBI, Jane Street earned huge profits by purchasing stocks to increase prices and then to make money from falling prices in the option segment.

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The regulator has freeze profits of more than Rs 4,800 crore associated with these trades and banned the Jane Street and its Indian branch from participating in the market. SEBI has also freeze their banks and demat accounts as part of the ongoing investigation. Four institutions associated with Gen Street Group (JS Group)- JSI Investments, JSI 2 Investments, Jane Street Singapore and Jane Street Asia Trading- have been banned from directly or indirect securities.