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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. [1]
Aug 1, 2022 · SEBI held Ketan Parekh, a former stockbroker guilty of stock manipulation and insider trading. He was named as one of the key culprits in Sensex’s 176-point fall, which caused the 2001 Budget to collapse.
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.
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.
Jul 23, 2024 · The Indian stock market has witnessed its share of turbulence, but few events have shaken it as profoundly as the Ketan Parekh scam. Ketan Parekh, a once-celebrated stockbroker, became infamous for his involvement in one of the most significant market manipulations in Indian history.
Ketan Parekh was threatening to sue the Bank of India for defamation, because it complained about the bouncing of Rs 1.3-billion pay orders issued to the broker by the Madhavpura Mercantile Cooperative Bank. He seemed to suggest there is nothing more that the authorities would be able to pin against him.
Oct 15, 2024 · The Mumbai Police registered a case against former stockbroker Ketan Parekh, who was convicted in the 2001 securities scam, along with a 37-year-old woman, for allegedly defrauding an...
Ketan Parekh is a stockbroker who became infamous for his involvement in a securities scam that rocked the Indian stock market in the early 2000s. The scam involved using manipulated stock prices to benefit himself and his associates.
In November 1997, JVG hurriedly rented an office in Gurgaon (Haryana) to accommodate irate investors. Hundreds of investors and agents camped on the grounds of the office. The agents (or the field-workers), who raised deposits from investors on behalf of JVG, were extremely worried.
The Ketan Parekh scam was the second most important scam that rocked the Bombay Stock Exchange after the Harshad Mehta scam. To make matters worse, Ketan Parekh was himself a protege of Harshad Mehta and had learned stock trading from the pied piper of Bombay Stock Exchange himself.
