Rahul slams Modi over Gujarat CM family's 'manipulative trades'

Congress Vice President Rahul Gandhi on Thursday took a dig at Prime Minister Narendra Modi after market regulator SEBI imposed penalties on several entities, including Gujarat Chief Minister Vijay Rupani's family, for "manipulative trade".

"Na khaunga na khane dunga ki kahani. Shah-zada, Shaurya aur ab Vijay Rupani (Another story of 'will not do corruption myself, nor allow others')," Gandhi tweeted.

The Congress scion's remarks came in the wake of SEBI charging 22 entities, including Rupani's Hindu Undivided Family (HUF), with "manipulative trades" in a little known company Sarang Chemicals.

The regulator has imposed separate penalties amounting to Rs 6.9 crore on the 22 entities, which the SEBI investigation found were "connected or related".

Rupani's HUF has been asked to pay Rs 15 lakh, while three other individuals will have to shell out Rs 70 lakh or more each.

The alleged manipulative transactions were done between January 2011 and June 2011 - the investigation period. Rupani took charge as Gujarat Chief Minister in August 2016.

--IANS

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