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.
This story is from the January 05, 2025 edition of The New Indian Express Nagapattinam.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 05, 2025 edition of The New Indian Express Nagapattinam.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Don't Stress Out to Avoid Rapid Ageing, Comorbidities
FOR six months, Akshay (name changed), an expat in Dubai, had been experiencing abdominal bloating sensation, pain in the abdomen, and constipation.
India Needs Stem Cell Donor Registry
Childhood cancer remains a significant global health challenge, with over three lakh new cases reported annually.
HMPV is mild and non-fatal
NO CAUSE FOR PANIC
Raising the bar pays off for hockey coach Sangwan
A SNUB can either break one down or spur the individual on to scale new heights. Unfortunately, a majority of people end up heartbroken. But a better future awaits those who manage to swallow the bitter pill. Haryana hockey coach Sandeep Sangwan falls under the second category.
Focus on TOPS list as new-look MOC set for 1st significant meet today
NEW Year, new dawn, so it seems for the sports ministry's Mission Olympic Cell that is expected to meet on Tuesday.
Finding Roots of Enigmatic Cummins
The Australian captain's on-field success and personality off of it are intertwined and it goes back to his upbringing
Maiden ODI call-up for Bist against Ireland
AFTER nine white ball fixtures in less than a month, three against Australia in the away series and six against West Indies at home, India's regular captain Harmanpreet Kaur and pacer Renuka Singh Thakur have been rested for the three ODIs against Ireland.
HIL: Soorma beat Delhi SG Pipers in penalty shootouts
SOORMA Hockey Club clinched a penalty shootout victory against the Delhi SG Pipers in the Hero Hockey India League 2024-25 at the Birsa Munda Hockey Stadium in Rourkela on Monday.
Saweety 'even more motivated' after Arjuna honour
AWAY from the spotlight, boxer Saweety Boora, a 21-year-old then, had gone on to capture a silver medal in her very first World Championships at Jeju City in 2014.
Govt Launches Updated ₹4k Cr PLI Scheme for Steel Sector
The government on Monday launched a new round of steel production-linked incentive (PLI) scheme, with a total outlay of ₹4,400 crore.
