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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?
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.
Sep 20, 2021 · Ketan Parekh is one of the repeat offenders in Indian stock market history. He was involved in the Canbank Mutual Fund scam of 1992, in which funds received from a group firm for purchasing government securities, were diverted to the accounts of stockbrokers.
