Search results
Mar 12, 2014 · Ketan Parekh was a stock broker from Mumbai who manipulated the Indian stock market in late 1999-2001, in what became known as the Ketan Parekh scam. He formed a network of brokers to target and artificially inflate the prices of 10 stocks by as much as 10 times their original values.
The document summarizes several stock market scams that have occurred in India, including the Ketan Parekh scam of 2001 and the Harshad Mehta scam of 1992. The Ketan Parekh scam involved diverting over Rs. 3500 crores from banks to finance stock market operations through price manipulation.
Sep 19, 2012 · Ketan Parekh was a stock broker in Mumbai who manipulated the Indian stock market between 1999-2001, causing prices of some stocks to rise dramatically then crash. He did this through forming a network of brokers, targeting certain stocks, and using borrowed money to continually purchase shares to inflate prices.
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.
Feb 27, 2023 · During the 1992 scam, he was found guilty of stealing public funds totaling Rs. 48 crore from a Canara Bank branch. How Ketan Parekh executed the scam? Parekh used both public funds and capital from powerful corporations to shoot the prices of the stocks, which was also a little different from other methods of fund raising.
Ketan Parekh Scam - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. timeline and legal actions in ketan parekh scam presentation-3 slides
KETAN PAREKH SCAM - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Ketan Parekh engaged in a stock manipulation scam in the late 1990s and early 2000s in India.
The Scam. Rigged prices of 10 shares known as K-10. Borrowed money from banks and took money from promoters and pumped them into K-10 stocks. Due to increasing volumes and prices, traders and fund mangers entered the stock. Pledged these stocks to get more loans. How did he do it? Modus Operandi.
Ketan Parekh was involved in a major stock market scam in India in 2001, manipulating the market and moving around Rs. 64 billion. His actions had a significant impact on financial institutions and revealed weaknesses in India's financial regulatory system.
May 13, 2021 · Ketan Parekh carried out a major stock market scam in India from 1999-2001. He manipulated stock prices through circular trading and the pump and dump technique, siphoning huge sums of money from banks. His scam contributed to a 177 point crash in the BSE Sensex in March 2001.
