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Ketan Parekh is a former stockbroker based in Mumbai. He was convicted in 2008 for his role in India’s stock market manipulation scheme. Find out more about his details and how rich he is in 2021 in the following article.
Ketan Parekh is notorious for orchestrating the Indian Stock Exchange manipulation scam.
The scam took place between 1998 and 2001 and was dubbed the Ketan Parekh scam.
He is Harshad Mehta’s apprentice and is popularly known as “The Pentafour Bull” of the Indian Stock Exchange.
How Rich Is Ketan Parekh? His Net Worth Explored
After the company holdings, many people were curious about how rich Ketan Parekh is in 2021.
His net worth is estimated to be around $800,000 in 2021.
When Ketan Parekh was at his peak, he was able to manipulate stock prices enough to earn the trust of other investors.
He gained many connections within the Bollywood community and political circles, which contributed to his financial success.
Mr. Parekh co-founded KPV Venture with Kerry Packer, an Australian multi-millionaire with a fund cap of US$250 million.
But eventually, after the fraud was exposed, the government confiscated all his stocks and possessions.
Ketan Parekh’s ae Dharmesh Doshi evaded arrest in the “stock market scam of 2001” and is still on the run. pic.twitter.com/JB84egV2Q3
— Ashish K. Mishra (@akm1410) March 11, 2016
Who is Ketan Parekh Wife?
Ketan Parekh’s wife is Mamta Parekh. The couple have two daughters.
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Ketan is a wanted man who was involved in the most notorious scam in Indian stock market history.
This situation brought with it various difficulties and complications, especially for his wife Mamta.
Many management schools still use Ketan’s role in the stock market crash and manipulation as a case study.
He was sentenced to three years in prison in 2018. However, the Bombay High Court later stayed the verdict and granted him bail.
Despite bans, some exchange operators like Ketan Parekh, Dinesh Singhania are still accessing the market http://t.co/k35srdgL
— Economic Times (@EconomicTimes) August 22, 2012
Family Details Of Ketan Parekh
Ketan Parekh was born into an upper mdle family of accountants and shareholders.
His father’s name is Vinaychandra N Parekh. His father taught him the basics of the stock market and money.
One of Ketan Parekh’s daughters has been suffering from post-viral encephalitis since she was a month and a half old.
Rumor has it that the family keeps moving to different countries for her treatment.
Ketan Parekh has been accused of inser trading, circular trading, pump-and-dump trading and other charges. It has ruined so many lives.
The people branded him a “criminal” in society. Therefore, it is not easy for him to move around without being followed by the government.
Biggest scam on the Indian Stock Exchange
1 Harshad Mehta 1992, Rs5,000cr
2 Ketan Parekh 2001, ~Rs40,000cr
3 Satyam 2009, Rs12,318cr
4 Saradha (indirect as FII resorts to unregulated Ponzi schemes) 2013, Rs2,460cr
5NSEL 2013, Rs4,500cr
6 Illiqu Options Trading on BSE 2020, Rs8200cr
— Ruchitaa Maheshwari (@Ruchi_Mahi) October 19, 2020
Where is Ketan Parekh net worth?
| Name | Ketan Parekh |
|---|---|
| Age | 59 years |
| Ketan Parekh Net Worth | > 8.7 Crore |
| Occupation | Chartered Accountant and Stock Trader |
| Known For | Stock Market Crash Scam of 2001 |
What is Ketan Parekh doing now?
Ketan Parekh, an accused in several cases of stock market manipulation, has been convicted by a special CBI court in Mumbai for cheating and sentenced him to two years rigorous imprisonment.
Is Ketan Parekh active in stock market?
In doing so, the regulator officially declared what was well known to the market, as Moneylife repeatedly pointed out-that Ketan Parekh has been active in the market and in manipulating the prices of small and medium scrips, despite the 14-year ban imposed on him and his associates in 2003.
Where is Ketan Parekh now Quora?
Well, He lives in the Mumbai and he his investor in stock market!
Is Ketan Parekh still operating?
Regulator finds broker trading through conduits; 26 entities barred from market. Big bull Ketan Parekh’s shadow still looms large over Indian markets.
Is Ashwin Mehta rich?
…
Ashwin Mehta Net Worth.
| Name | Ashwin Mehta |
|---|---|
| Net Worth (2022) | $4 Million |
| Net Worth In Indian Rupees | 29 Crore INR |
| Profession | Lawyer |
| Monthly Income And Salary | 25 Lakhs + |
How can I contact Ketan Parekh?
…
EroNkan Technologies Private Limited.
| Website | http://www.eronkan.com |
|---|---|
| Departments | IT (1) |
| Email Format | [email protected] (80%) |
Who is Bhushan Bhatt in real life?
Many people believe that Bhushan Bhatt’s character in Scam 1992 is based on the former stockbroker Ketan Parekh. According to the plot, he was the right-hand man of Harshad Mehta. Ketan Parekh was a chartered accountant by profession and continued the family business in the stock market.
How long is Ketan Parekh in jail?
A special court on Tuesday found former stock broker Ketan Parekh and his relative Kartik Parekh guilty of not paying a penalty imposed by the Securities and Exchange Board of India (SEBI) and sentenced them to three years imprisonment along with a fine of ₹5 lakh each.
How was Ketan Parekh related to Harshad Mehta?
To make matters worse, Ketan Parekh was himself a protégé of Harshad Mehta and had learned stock trading from the pied piper of Bombay Stock Exchange himself. As a result, he was able to achieve a similar feat as compared to what Mehta himself had accomplished.
Who is Ajay Kayan?
In the words of Sucheta Dalal, “Kayan is a broker who was investigated and accused in the Securities scam of 1992 and had close links with Citibank at that time.” During the 1980-90s, the stock market was dominated by a few large players.
What was Harshad Mehtas net worth?
| Net Worth: | $475 Million |
|---|---|
| Date of Birth: | July 29, 1954 |
| Gender: | Male |
| Height: | 5 feet 6 Inches |
| Profession: | Indian Stockbroker |
When was Ketan Parekh born?
Ketan Parekh, born 1976.
Who is pallav Sheth?
Pallav Sheth, described in some accounts as rotund and jovial, was one of many brokers whose names cropped up in the 1992 securities scam investigation. Sheth was back in action last week as the Supreme Court (SC) allowed him to enter into a financial settlement with Canara Bank.
What is the net worth of Rakesh Jhunjhunwala?
The Ketan Parekh Scam 2001 | Biggest Indian Stock Market Scam
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Who Is Ketan Parekh? Net Worth Wife And Family Explored
Ketan Parekh is a former Mumbai stockbroker. He was convicted in 2008 for his role in the Indian stock market manipulation scheme.
Source: 44bars.com
Date Published: 8/14/2021
View: 7349
Who Is Ketan Parekh? Net Worth Wife And Family Explored
Ketan Parekh is a former Mumbai stockbroker. He was convicted in 2008 for his role in the Indian stock market manipulation scheme.
Source: www.650.org
Date Published: 1/7/2021
View: 79
How Rich Is Ketan Parekh? Net Worth And Wife Family
His net worth is estimated to be around $800,000 in 2021. When he was at his pinnacle, Ketan Parekh was able to manipulate stock prices to …
Source: showbizcorner.com
Date Published: 8/15/2022
View: 6363
Ketan Parekh: Net Worth, Scam, Spouse, Harshad Mehta
Ketan Parekh Known as the ‘Bombay Bull’, Ketan Parekh has been one of the biggest scamsters in the Indian stock trading industry.
Source: wealthquint.com
Date Published: 8/14/2022
View: 8419
Ketan Parekh Net Worth, Scam, Spouse, Harshad Mehta
In the long history of stock marketing in India, the Ketan Parekh scam was a scam that shook SEBI and other investors. He had executed the scam with so much planning and thought he was making multiples of the money from the stocks he was manipulating. For many years, investors viewed Ketan Parekh as a “Midas” who would turn a profit on anything he touched. But within 2 years of his presence on the stock market he has fooled so many investors and banks that even today his work and planning is a case study in universities and among aspiring investors.
Ketan Parekh
Name Ketan Parekh Age 59 Ketan Parekh Net Worth > 8.7 Crore Occupation Chartered Accountant and Stock Trader Known for 2001 Stock Market Crash Scam Accused of insider trading, pump and dump trading, circuit trading, default on loan Ketan Parekh Spouse Mamta Parekh Children 2
In the last decade of the last century he was infamously known as the Bombay Bull. Ketan Parekh was a mentee of Harshad Mehta, famous for pulling off the 1992 securities scam. A chartered accountant by trade, Ketan Parekh began working in the 1980s where he ran his family business, NH Securities. It was a stock brokerage firm founded by his father. Through his work experience here, he managed to understand all the tricks and tips of stock investing and also how investors’ minds work in the process.
While at his peak, Ketan Parekh manipulated stock prices so much that he gained immense trust from fellow investors. Through this financial growth, he acquired many connections within the Bollywood fraternity as well as in political circles. Together with Kerry Packer, a multi-millionaire entrepreneur from Australia, he founded KPV Venture with a fund cap of US$250 million to invest in new and exciting startups.
Ketan Parekh scam
Studying his investment style, it was pretty clear that Ketan was interested in the information, communications and entertainment sectors. In its heyday from 1990 to 2000, the dot-com boom also began, which brought in a lot of money for these industries. Many of the top businessmen and corporations of the time gave Ketan money to handle it, given his accurate predictions and sharp knowledge of the market.
Ketan started trading on the Kolkata Stock Exchange mainly because it didn’t have strict rules and enforcement like the BSE or the NSE. He also worked with many brokers and gave them a commission for helping with information and trades. With so much money in hand, he bought stakes in small, not-so-well-known companies and their stock prices skyrocketed. Suddenly these companies would be much discussed. Once the price hit a level, it sold out and made a lot of profits.
He also had his tricks to get money from the banks and thereby move stock prices. A well-known example is when he bought the shares of Madhavpura Mercantile Commercial Bank to gain the bank’s trust and later approached them about a pay-order format loan.
Money orders work similarly to checks, but are issued by the bank when the customer pays the bank a small amount in advance. When he managed to manipulate the stock prices of this bank, he approached other banks and promised to pay the order with them and collected more loans. In total, his loan totaled more than INR 750 million.
Around the same time, he had created a portfolio called the K-10, made up of the top companies he had selected. His main interest at the time was inconspicuous small-cap companies. He would invest heavily in these companies and exit to make a profit, but the real scam was when he allegedly had inside information about the company and then manipulated the prices accordingly. He then used the price increase to create confidence in the minds of investors.
Ketan Parekh – Exposing the Fraud
The first investigations into the fraud were conducted by both RBI and SEBI when the market crashed dramatically in 2001, just a day after the budget was announced. At the time, Ketan was accused of insider trading, pump and dump, and circular trading. The investigation continued for many years later and even companies associated with him during the trade were eventually banned from trading.
Ketan Parekh and Harshad Mehta
In the 90s, Ketan Parekh came into contact with Harshad Mehta, which was at its peak at that time. Ketan later joined GrowMore Investments, founded by Harshad Mehta. This company was one of the prime suspects in the 1992 securities scam. Many media reports unofficially stated that Harshad Mehta’s tricks and tips, as well as his connections, helped Ketan Parekh pull off such a huge scam.
Ketan Parekh Biography
His role in the stock market crash and manipulation is still a case study at many management colleges. His fraud had even spread to other countries, and after 2010 reports surfaced that he had lent billions of dollars in outstanding amounts to large international corporations. His bluff and tricks were eventually exposed and the huge accumulated credit left him in distress. In 2018 he was sentenced to three years in prison, but the Bombay High Court later stayed his sentence and granted him bail.
Who is Ketan Parekh Wiki, Biography, Age, Spouse, Net Worth, Fast Facts
Ketan Parekh is scandalous for orchestrating the Indian Financial Exchange Control ploy. The trick occurred between 1998 and 2001 and was called the ketan parekh trick. He is a student of Harshad Mehta and is prominently referred to as “The Pentafour Bull” of the Indian Financial Exchange. After the company holdings, many individuals were keen to realize how rich Ketan Parekh is in 2021. His total net worth is estimated to be around $800,000 as of 2021. By the time he was at his peak, Ketan Parekh had the ability to control stock costs so much that he gained the trust of various lenders.
He acquired many connections within the Bollywood folk group and political circles, which contributed to his financial accomplishment. Mr. Parekh helped found KPV Venture near Kerry Packer, an Australian multi-tycoon with a $250 million asset ceiling. In any case, after the ruse was uncovered, the public authorities held on to his property as a whole and his properties for the long term. Ketan Parekh’s wife is Mamta Parekh. A couple has two girls. Ketan is a used man who has been involved in the most notorious trick in the entire existence of the Indian financial exchange. Present circumstances brought various troubles and entanglements especially to his better half, Mamta.
Ketan Parekh dude
Ketan Parekh’s age is unknown.
Ketan Parekh Family – Career
Indeed, numerous schools of administration use Ketan’s part in the crash and control as a contextual analysis. He was sentenced to three years in prison in 2018. Despite this, the Bombay High Court later delayed the verdict and released him on bail. Ketan Parekh was born into a group of upper working-class accountants and investors. His father’s name is Vinaychandra N Parekh. His father showed him the nuts and bolts of the supply market and cash.
One of Ketan Parekh’s little girls has been suffering from post-viral encephalitis since she was a month and a half old. Rumor has it that the family continues to move to different countries for her treatment. Ketan Parekh was blamed for insider swap, round swap, siphon and dump swap and various charges. It has destroyed so many lives. Individuals have publicly referred to him as a “criminal”. Subsequently, it is difficult for him to move without being followed by the authorities.
Fast Facts
Real name Nickname Update soon Birth date Update soon Age Update soon Place of birth Update soon Height (Tall) Update soon Weight Update soon Body dimensions Update soon Net worth (approximate) Update soon
private life and family
Father update soon Mother update soon Sister update soon Brother update soon Marital status update soon Husband (spouse) update soon Boyfriend update soon Kids update soon Hobbies update soon Smoking & Drinking update soon
Father’s name is not available. We have no further information about his father; We will try to collect information and update it soon.
The mother’s name is not available. We have no further information about his father; We will try to collect information and update it soon.
Also, we have no idea about his brother and sister, nor do we know their names.
However, we are trying to collect all information about him and will update you soon.
His girlfriend/boyfriend’s name is not available. You are in relationship from the last few years of a strong relationship. We have no information about his girlfriend/boyfriend.
But we are sure that it is not available and his spouse’s name is not available. Now his relationship is perfect. We have no further information about his wife.
We also have no information about his son and daughter. We can’t say her name. If you know some information please comment below.
education and favorite things
Elementary Education Update Coming Soon College or University Update Coming Soon Qualifications Update Coming Soon Favorite Sport Update Coming Soon Favorite City/Country Update Coming Soon
Daily Habits
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Facebook, Instagram and Twitter
Facebook update coming soon Instagram update coming soon Twitter update coming soon
net worth
Estimated net worth is $80,000 – $85,000.
Ketan Parekh Net Worth, Scam, Spouse, Harshad Mehta
In the long history of stock marketing in India, the Ketan Parekh scam was a scam that shook SEBI and other investors. He had executed the scam with so much planning and thought he was making multiples of the money from the stocks he was manipulating. For many years, investors viewed Ketan Parekh as a “Midas” who would turn a profit on anything he touched. But within 2 years of his presence on the stock market he has fooled so many investors and banks that even today his work and planning is a case study in universities and among aspiring investors.
Ketan Parekh
Name Ketan Parekh Age 59 Ketan Parekh Net Worth > 8.7 Crore Occupation Chartered Accountant and Stock Trader Known for 2001 Stock Market Crash Scam Accused of insider trading, pump and dump trading, circuit trading, default on loan Ketan Parekh Spouse Mamta Parekh Children 2
In the last decade of the last century he was infamously known as the Bombay Bull. Ketan Parekh was a mentee of Harshad Mehta, famous for pulling off the 1992 securities scam. A chartered accountant by trade, Ketan Parekh began working in the 1980s where he ran his family business, NH Securities. It was a stock brokerage firm founded by his father. Through his work experience here, he managed to understand all the tricks and tips of stock investing and also how investors’ minds work in the process.
While at his peak, Ketan Parekh manipulated stock prices so much that he gained immense trust from fellow investors. Through this financial growth, he acquired many connections within the Bollywood fraternity as well as in political circles. Together with Kerry Packer, a multi-millionaire entrepreneur from Australia, he founded KPV Venture with a fund cap of US$250 million to invest in new and exciting startups.
Ketan Parekh scam
Studying his investment style, it was pretty clear that Ketan was interested in the information, communications and entertainment sectors. In its heyday from 1990 to 2000, the dot-com boom also began, which brought in a lot of money for these industries. Many of the top businessmen and corporations of the time gave Ketan money to handle it, given his accurate predictions and sharp knowledge of the market.
Ketan started trading on the Kolkata Stock Exchange mainly because it didn’t have strict rules and enforcement like the BSE or the NSE. He also worked with many brokers and gave them a commission for helping with information and trades. With so much money in hand, he bought stakes in small, not-so-well-known companies and their stock prices skyrocketed. Suddenly these companies would be much discussed. Once the price hit a level, it sold out and made a lot of profits.
He also had his tricks to get money from the banks and thereby move stock prices. A well-known example is when he bought the shares of Madhavpura Mercantile Commercial Bank to gain the bank’s trust and later approached them about a pay-order format loan.
Money orders work similarly to checks, but are issued by the bank when the customer pays the bank a small amount in advance. When he managed to manipulate the stock prices of this bank, he approached other banks and promised to pay the order with them and collected more loans. In total, his loan totaled more than INR 750 million.
Around the same time, he had created a portfolio called the K-10, made up of the top companies he had selected. His main interest at the time was inconspicuous small-cap companies. He would invest heavily in these companies and exit to make a profit, but the real scam was when he allegedly had inside information about the company and then manipulated the prices accordingly. He then used the price increase to create confidence in the minds of investors.
Ketan Parekh – Exposing the Fraud
The first investigations into the fraud were conducted by both RBI and SEBI when the market crashed dramatically in 2001, just a day after the budget was announced. At the time, Ketan was accused of insider trading, pump and dump, and circular trading. The investigation continued for many years later and even companies associated with him during the trade were eventually banned from trading.
Ketan Parekh and Harshad Mehta
In the 90s, Ketan Parekh came into contact with Harshad Mehta, which was at its peak at that time. Ketan later joined GrowMore Investments, founded by Harshad Mehta. This company was one of the prime suspects in the 1992 securities scam. Many media reports unofficially stated that Harshad Mehta’s tricks and tips, as well as his connections, helped Ketan Parekh pull off such a huge scam.
Ketan Parekh Biography
His role in the stock market crash and manipulation is still a case study at many management colleges. His fraud had even spread to other countries, and after 2010 reports surfaced that he had lent billions of dollars in outstanding amounts to large international corporations. His bluff and tricks were eventually exposed and the huge accumulated credit left him in distress. In 2018 he was sentenced to three years in prison, but the Bombay High Court later stayed his sentence and granted him bail.
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