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Mar 16, 2020 · The man who was responsible for one of India's largest stock market scam and 1992 market crash that rattled the stock market, banking system and the stockholders! Read to find more about the infamous scam of 1992 committed by Harshad Mehta. Ketan Parekh was a chartered accountant by profession.
Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001.
Apr 30, 2024 · Ketan Parekh was declared to be guilty of a criminal offense for ripping off the Indian stock market and was barred from trading in the Bombay Stock Exchange (BSE) for 15 years up to 2017 after Ketan Parekh Scam verdict.
Aug 1, 2022 · How did Ketan Parekh scam happen? Ketan Parekh was involved in cheating with banks by presenting misleading facts, rigging off the stock market prices, exploiting investors’ decisions, misusing public funds and engaging in insider trading. What was the impact of the Ketan Parekh scam on the economy?
The news of Ketan Parekh’s scam first came into the limelight when Bank of India (Mumbai Branch) alleged that he had defrauded them to the tune of Rs.137 crore. Sucheta Dalal of the Times of India uncovered the entire scam and published a report on it.
Oct 5, 2023 · Harshad Mehta is infamous for orchestrating the largest stock market scandal. Following his scam, another significant financial wrongdoing occurred in 2001, led by Ketan Parekh, who had previously been associated with Harshad Mehta as his protege.
Dec 18, 2009 · It's perhaps thanks to the Pentafour Bull that India's stock markets are today considered safe. And to his credit, Parekh forced lethargic policy-makers to institute reforms in the financial system. He is, however, now suspected to be operating in the markets through conduits.
Feb 28, 2018 · A special Sebi court convicted Ketan Parekh and his relative Kartik in a securities scam for violating the Sebi Act. Court also imposes a fine of Rs10 lakh on both.
A special court in Mumbai set up to try the securities-related scams has convicted stock brokers Ketan Parekh and Hiten Dalal.
The Supreme Court grants bail to former stock broker Ketan Parekh and three others in connection with a transaction in the 1992 stock scam that duped Canbank Financial Services Ltd of over Rs...
