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 Nagapattinam.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 05, 2025-utgaven av The New Indian Express Nagapattinam.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Sinner beats dizziness, Rune in round four
JANNIK Sinner battled dizzy spells on Monday to reach an Australian Open quarter-final against Alex de Minaur, admitting a long interruption when he accidentally broke the net was \"big, big luck\".
SEBI May Extend Time to Fix MF NAV
To ease the implementation of directions on upstreaming of client funds, the markets watchdog is planning to extend time to stock brokers/clearing members to un-pledge units of overnight mutual fund schemes and place redemption requests with funds houses, after the close of market hours.
Pudukai activist murder: Quarry owner, 3 sent to judicial custody
Arrests made after cops found that what was thought to be an accident was a planned murder
La Liga: Real beat Las Palmas 4-1
WITH Kylian Mbappe putting on a show again, Real Madrid returned to the top of the Spanish league.
Hope Beckons as Blood Cancer Therapy Launched
Offering new hope to patients facing aggressive blood cancers, India launched the first global CAR T-cell therapy for adult B-cell Non-Hodgkin Lymphoma (B-NHL), a kind of blood cancer that affects the lymphatic system.
Karur Vysya Bank profit jumps over 20% on loan growth
Robust loan growth and better asset quality helped the Tamil Nadu-based old-generation private sector lender Karur Vysya Bank to report an over 20% jump in net income at ₹496 crore in the December quarter, up from ₹412 crore in the year ago period.
Appavu walks out of meeting of speakers after RS deputy chief objects to remarks on TN guv
TAMIL Nadu Speaker M Appavu on Monday walked out of a meeting at the two-day 85th All India Presiding Officers' Conference in Patna after Deputy Chairman of the Rajya Sabha Harivansh Narayan Singh objected to certain remarks Appavu was making about the Tamil Nadu governor in his speech.
Skywatch time as rare celestial show begins; 7 planets to align in March
IN a rare celestial event, seven planets of the Solar System will align by March this year.
M'luru cops crack Kotekar bank heist case, arrest 3 from Nellai
IN a major breakthrough, Mangaluru city police cracked the Kotekar Co-operative Bank robbery case within 60 hours and arrested three prime accused, said to be part of a notorious gang from Mumbai's Dharavi.
Gomutra claim backed by science: Kamakoti
'There are 5 research papers, including one published in Nature, that show cow urine has medicinal properties'
