Parekh manipulated the stock market in india artificially so that he could make a truckload of money from it he was theoretically barred from trading until this. 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 a trainee of harshad mehta from mumbai was a former stock broker who was declared to be guilty of a criminal offence by the verdict of the jury for. A special court has sent former broker ketan parekh, a key figure in the 2001 securities scam, to judicial custody for not appearing in case filed.
The market crashed but ended up pushing much-needed modernisation ketan parekh can best be described as the pied piper of dalal street. Exactly a year after the securities scam involving stock broker ketan parekh rocked the indian financial markets, another rip-off of the kind has been exposed. Ketan parekh is a mumbai based share and stock broker he is from a well to do share-brokerage based family he was involved in the shares.
Presentation on ketan parekh scam 1 presented by: vasu ruthvick preetish dhulshetti somnath benarjee international school of. The jpc report on the ketan parekh scam comes down hard on sebi for the the joint parliamentary committee (jpc) investigating ketan parekh's danse. A special sebi court on tuesday convicted ketan parekh and his relative in a securities scam for violating the sebi act and sentenced them to.
The case gives a detailed insight into the 2000-01 indian stock market scam the case traces the events that led to the scam and also tries to study the role of the. Ketan parekh is a former stock broker from mumbai, india, who was convicted in 2008, for involvement in the indian stock market manipulation scam that.
All over world investment in ice (information technology, communication and entertainment) shares was the trend ketan parekh colluded. The scam came to light when the state bank of india reported a it was around the time ketan parekh, another stock broker, was being probed. Based on debashish basu and sucheta dalal's 'the scam: from harshad mehta to ketan parekh', the series will document on india's biggest.