8/16/2019 Ketan Parekh Held in Rs 120 Cr Stock Scam Case

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Ketan Parekh held in Rs 120 cr stock scam case

 TNN | Dec 2, 2002, 07.59 PM IST

KOLKATA: Stock broker Ketan Parekh a! arre!te" on Mon"a# b# a tea$ o% 

the Ko&kata 'o&(ce %ro$ h(! o)ce near Da&a& Street %or h(! a&&e*e"

(n+o&+e$ent (n &a!t #ear! -! 20/crore !ca$ at the a&c1tta Stock 3chan*e.

Parekh a! arre!te" at aro1n" 4 '.$. an" taken to the M-A 'o&(ce !tat(on

near ra%or" $arket %or (nterro*at(on. e (&& be 'ro"1ce" (n the !'&ana"e

co1rt aro1n" a.$. on T1e!"a# be%ore be(n* taken to Ko&kata, here an 6I-

a! re*(!tere" a*a(n!t h($ b# the a&c1tta e3chan*e (n Se'te$ber.

Accor"(n* to the 'o&(ce, Parekh! arre!t ca$e c&o!e on the hee&! o% the

"entent(on o% h(! a!!oc(ate! (n Ko&kata, D(ne!h S(n*han(a, ar(!h (#an( an"

A!hok Po"ar. Parekh ha! been acc1!e" o% $ak(n* br(!k !hare '1rcha!e! on

the e3chan*e 'r(or to March, 200, thro1*h h(! a!!oc(ate!. 1t he %a(&e" to

'ro+("e %1n"! a$o1nt(n* to o+er -! 50 crore! %or the !a$e, &ea"(n* to a

h1*e 'a#$ent cr(!(! that ha" a8ecte" !hare 'r(ce! acro!! the co1ntr#.

6o&&o(n* the "e%a1&t, the e3chan*e o)c(a&! ha" to 1!e the !ett&e$ent

*1arantee %1n" S6; to the t1ne o% o+er -! 50 crore! to anno1nce 'a#/o1t

an" !(nce then the e3chan*e ha! been

8/16/2019 Ketan Parekh Held in Rs 120 Cr Stock Scam Case

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Sec1r(t(e! an" 3chan*e oar" o% In"(a ha" %o1n" o1t that $o!t o% the tra"e!

"one b# Parekh ere a($e" at r(**(n* !tock 'r(ce! (n c&o!e ne31! (th

co$'an# 'ro$oter!.

Who is Ketan Parekh

Ketan Parekh (! a %or$er !tockbroker ba!e" (n M1$ba( ho a! con+(cte" (n

200? %or be(n* (n+o&+e" (n en*(neer(n* the techno&o*# !tock! !ca$ (n In"(a@!

!tock $arket (n 999/200. A chartere" acco1ntant b# tra(n(n*, Parekh

co$e! %ro$ a %a$( o% broker! an" (! c1rrent !er+(n* a 'er(o" o% 

"(!1a&(

8/16/2019 Ketan Parekh Held in Rs 120 Cr Stock Scam Case

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hen Mehta a! o'erat(n*, the $arket a! !t(&& a c&o!e" one an" a! =1!t

be*(nn(n* to &(bera&(Ce. It a! re+ea&e" &ater that Mehta o'erate" 1!(n* the

$one# o% other 'eo'&e a! h(! &a!t reco1r!e. 61rther, Mehta (! knon to ha+e

re!orte" to a**re!!(+e '1b&(c(t# ca$'a(*n! herea! KP o'erate! a&$o!t

c&an"e!t(ne. The &atter ha! a&!o been !1cce!!%1& at creat(n* !tor(e! an"

!e&&(n* the$ a**re!!(+e to (n!t(t1t(ona& (n+e!tor!