Ketan parekh biography of barack

Indian stockbroker

Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock marketmanipulation 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]

Early career

Parekh, after becoming a Chartered Accountant,^[6] started his career in the late 1980s at Narbher