OLD HABITS DIE hard, and Ketan Parekh seems intent on proving that he is the poster boy of that phrase. For the 'Pentafour bull', who was convicted in a stock market scam over two decades ago, stock market manipulation is an addiction he just can't give up.
In less than a decade after his 2003-2017 ban from the stock market ended, Parekh met the same fate again last week—this time for front-running.
Even in these two decades since his first debarment, his brush with the law has continued. Parekh allegedly remained active in market manipulation, operating through proxies and front accounts, which led to trading bans for 26 entities in 2009. In 2020, his name surfaced yet again in connection with a fresh rigging scandal, but he was eventually convicted in 2023 for duping an investor of ₹2 crore with the help of a female associate.
This story is from the January 06, 2025 edition of Financial Express Mumbai.
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This story is from the January 06, 2025 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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