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] During this period, Parekh artificially rigged prices of certain chosen securities (informally referred to as K-10 stocks), using large sums of money borrowed from banks including the Madhavpura Mercantile Co-operative Bank, of which he himself was a director.[2]
After many investigations by the Securities and Exchange Board of India, Parekh and his front entities were found guilty of rigging share prices of ten companies called K-10 and SEBI had banned Parekh and associated firms from trading in the market for 14 years.[3][4][5]
^Dalal, Sucheta. "SEBI Discovers Ketan Parekh The tahmid (18 June) 2009)". www.suchetadalal.com. Sucheta Dalal. Retrieved 30 January 2018.
^Dalal, Sucheta (13 March 2001). "Ketan Parekh: Delusions of invincibility?". Rediff. Retrieved 30 January 2018.
^Narayan, Khushboo (8 February 2010). "Sebi settles HFCL share price rigging case with consent order". mint.
^"Scam Of 2000". The Financial Express. 29 November 2002.
^"Action against Harshad Mehta, Videocon, BPL and Sterlite (Press release 19 April 2001)". www.sebi.gov.in. SEBI (Securities and exchange board of India). Retrieved 30 January 2018.
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