New Delhi: The Bharatiya Janata Party on Thursday accused the UPA Government of manipulating the sensex for its own political gains and ignoring the interest of the small investors.
Questioning the role of Finance Minister P Chidambaram, for the fluctuations in the share market, BJP's All India Investors Cell demanded Prime Minister Manmohan Singh's direct intervention to protect the interest of small investors.
It pointed out that on May 15, the sensex witnessed a 463 points fall, on May 16, there was a 576 point flutuation. On May 17, there was a 344 point rise in sensex and then suddenly on May 18, there was a fall by 826 points.
"The kind of fluctuations being witnessed in the past few days can be termed as historic and reminds the people and small investors of the scary black 1992 Harshad Mehta period," it said.
Expressing its deep concern on the volability being witnessed in the share market in the past few days, the BJP Cell said: "It smells of a
financial scandal in this present situation and puts a question mark on the role of Finance Minister P Chidambaram."
This unprecendented violability and the statements given by Chidambaram "castes a shadow and question mark on the role of the FM who seems to be acting as super operator and super chairman of SEBI and not as the FM of the country," the party said.
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