SC Petition Calls for Probe into Media Houses Telecasting Exit Polls and Alleged Influence on Investors



New Delhi [India], June 8: A petition filed in the Supreme Court seeks an investigation into media houses and their associates for broadcasting exit polls immediately after the conclusion of the final phase of Lok Sabha elections. The petition alleges that this influenced investors, resulting in a loss of Rs 31 lakh crore as the share market crashed after the election results on June 4.

According to the plea, media houses initiated debates on exit polls immediately after the last phase of the election concluded on June 1. They purportedly encouraged common investors to enter the share market until it opened on June 3 (Monday), leading to an unexpected surge in the market. However, when the actual results were announced, the market experienced a downturn.

Advocate BL Jain, who filed the plea, stated that on June 4, when the counting took place and the share market crashed, common investors incurred a significant loss of Rs 31 lakh crore.

The plea, filed through advocate Varun Thakur, highlights that the Rs 31 lakh crore loss, as markets plummeted, will adversely affect the overall Indian economy and its global reputation.

"The telecast of any news/debate/programme must not give any impression of bias or prejudice in favour of or against any political party. Unfortunately, uncontrolled and unregulated electronic media has been working as a commercial industry and brings into play by one political party against another political party," the petition stated.

The petitioner argues that prediction/exit polls are a violation of Section 126 A of the Representation of People Act, 1951, and guidelines dated April 2, 2024, issued by the Election Commission of India. They insist that the government must rigorously protect robust exit polls and debates on matters of public concern.

The petition calls for a probe by CBI, ED, CBDT, SEBI, and SFIO against Axis My India, India Today Media Plex, Times Now, Independent News Service Private Ltd. (India TV), ABP News Pvt Ltd., Republic Media Network, News National Network Pvt Ltd., TV9 Bharatvarsh, and NDTV.

"The Parliament of India enacted the Representation of People Act, 1951, for the smooth function of free and fair elections and to regulate the election process. But through exit polls, the media houses in collusion with corporate houses started manipulating election results. This act of the respondents is violating the concept of free and fair elections in a democracy and interfering with the rule of law...," the petition stated.

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