Ketan parekh biography of rory in season

Ketan Parekh KP is a former Mumbai-based stockbroker who is infamous for orchestrating the Indian stock market manipulation scam that occurred between and ; it later came to be known as the Ketan Parekh scam. He is the protege of Harshad Mehta who carried out the securities scam of Ketan Parekh was born in age 59 years; as of into an affluent upper-middle-class family of CAs and stockbrokers.

His father, Vinaychandra N Parekh, introduced him to the ever-changing world of the stock market. It is rumoured that his family wife and two daughters moved to London for the treatment of his daughter, who is suffering from post-viral encephalitis since she was one and a half months old.

Ketan parekh biography of rory in season: Life Management - Principles by

Although Ketan slipped through the cracks after the Harshad Mehta scam, his role in the scam of came under scrutiny when his own scam came to light in Subsequently, he was convicted in for siphoning off Rs 48 crore from a unit of Canara Bank in the scam and sentenced to one year of imprisonment. What we have done is only one transaction.

We have received money from the mutual fund and we have duly delivered the shares and the shares were duly registered. His business practices were unconventional just like his mentor, but unlike Mr. Mehta, he did not use public money to rig the stock prices. Promoters of various companies provided Ketan with the capital to rig their stock prices.