KETAN PAREKH, the infamous stockbroker and key associate of scamster big-bull Hashad Mehta of the 2000-01 stock market scandal, for which he was imprisoned for years, is back to do what he is best at—manipulating the stock market.
Even as he was under the Sebi ban for 14 years from entering the market since 2003, KP, as he is known for, has been gaming the system—this time through front-running the stocks that Tiger Global holds in domestic companies, and mostly in PB Fintech.
How Sebi nailed him Tracking the 10 fake phone numbers, including that of his wife Mamta's that he shared with the front office of Sebi during his recent visits.
The latest scam came to light on January 2 when Sebi in a 188-page interim order by whole-time member Kamlesh Varshney, banned KP and 22 others including Singapore-based trader Rohit Salgaocar from market and ordered impounding of ₹66 crore they illicitly gained from the scam. KP didn't do any trade this time too but got his Kolkata-based associates to do the job for him. KP used to instruct the front-runners using different mobile phones registered under different names and was known as "Jack," "John," "Boss," "Bhai," among other names.
Denne historien er fra January 05, 2025-utgaven av The New Indian Express Kochi.
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Denne historien er fra January 05, 2025-utgaven av The New Indian Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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