Ketan Parekh Scam Details PPT of 2001 and 2008 and Fraud Case Study
Ketan Parekh was a stock broker from Mumbai. He comes from a well set Gujarati family involved in share trading, and Ketan was involved in the shares scam of 2000-2001 in the Indian Stock Market.
Ketan had a network of brokers from smaller exchanges like the Allahabad Stock Exchange and the Calcutta Stock Exchange and they used benami or purchase shares on poor people who live in the shanty towns of mumbai, And the same time he rose to fame as the worldwide dot com boom and relied on the shares.
Ketan was involved in the shares scam in the year 2000-01.he had large borrow from Global Trust bank,he got 250 crore as loan from Global trust bank.ha had around Rs.100 crore in reserve bank of India.
Ketan Parekh was the first arrest because of the scam, on March 30, 2001, by the central bureau of Investigation (CBI). He was also charged for fraudind with Bank of India of about $30 million. He was arrested on December 2, 2002 in Kolkata. For More Information Click Here.
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