Financial Scams in India: #2 Ketan Parekh Scam
Thursday, April 27, 2017, 5:31 PM
Ketan Parekh conned banks and exchanges like the Allahabad Stock Exchange and the Calcutta Stock Exchange and bought shares in fictitious names to manipulate the share prices in companies. Ketan was a chartered accountant who used to run a family business, named NH Securities. He has been debarred from trading in the Indian stock exchanges till 2017.