Advertisement
Saturday, Nov 27, 2021
Outlook.com
Ketan Parekh

FORGOTTEN NEWSMAKERS! Ketan Parekh, The 'Ghost' Who Took Stock Of Your Life And Money

The dapper Harshad Mehta and the reclusive Ketan Parekh were involved in the biggest stock ­market scams in liberalised India, leaving many an investor without a shirt.

FORGOTTEN NEWSMAKERS! Ketan Parekh, The 'Ghost' Who Took Stock Of Your Life And Money
FORGOTTEN NEWSMAKERS! Ketan Parekh, The 'Ghost' Who Took Stock Of Your Life And Money
outlookindia.com
2019-07-19T15:07:07+05:30

The opinion is unanimous among prominent stock market investors in Mumbai that Ketan Parekh is very much active. Ban or no ban, they say, Parekh manages to find his way. “Investing in stocks is his addiction. He never did leave the market,” says an investor who has tracked Parekh for years.

The dapper Harshad Mehta and the reclusive Parekh were involved in the biggest stock ­market scams in liberalised India, leaving many an investor without a shirt. The two men used money borrowed from banks to inv­est in the market and manipulate prices alm­ost at will. Parekh bought large stakes in companies with small market capitalisation. Working closely with traders and the promoters of these companies, the price would zoom.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Roses Among Thorns: The Many Solidarities Of Diverse Protests

Roses Among Thorns: The Many Solidarities Of Diverse Protests

Every act of dissent is an art. Of pain and pathos. Of hope and new dawn. It’s their story. It’s everyone’s story.

Jai Kisan: Success Of Farmers' Protest Proves The Strength Of Their Convictions

Jai Kisan: Success Of Farmers' Protest Proves The Strength Of Their Convictions

Farmers’ movement reaffirms that peasants are makers of their own rebellion.

Pragmatic Shreyas Iyer Wants To 'Stay In The Moment,' Not Thinking Of Kohli’s Return

Pragmatic Shreyas Iyer Wants To 'Stay In The Moment,' Not Thinking Of Kohli’s Return

Shreyas Iyer scored a century on debut in the first IND vs NZ Test in Kanpur. It remains to be seen whether Iyer will play when Virat Kohli returns for the Mumbai Test.

Machimar Nagar: The Fishermen’s Colony;  An Entry Gate For 26/11 Terrorists

Machimar Nagar: The Fishermen’s Colony; An Entry Gate For 26/11 Terrorists

13 years ago on this day, eight terrorists from Pakistan arrived by sea on the shores of this fishermen colony-Machchimar Nagar, to launch an attack in India’s financial capital.

Advertisement