What happened with Ketan Parekh?

To sum up Ketan Parekh scam allegations, he was found involved in cheating with banks by misrepresenting facts, falsifying accounts, ripping off the stock market prices and exploiting investors’ decisions, mishandling public money, bribing company directors to enable him to do insider trading.

Is Pranav Seth Based on Ketan Parekh?

Harshad used to call him Pranav Bhai. Many people think he is Ketan Parekh but actually, he is Pallav Sheth. During Harshad Mehta’s time, Pallav Sheth was very close to Harshad. This statement clears that Pranav Sheth and Ketan Parekh are not same.

Who is real Ajay Kayan?

As per our Finocontrol researchers, The Real Ajay Kedia was Ajay Kayan. Ajay Kayan was a stocker broker who seemed to have a great relationship with Citi Bank. He was also a member of the bear cartel.

What is bear cartel?

Later, Manu Manek formed the bear cartel (a group of people that manipulate the stock market to earn profits are referred to as a cartel) in which the 3R’s (Rakesh Jhunjhunwala, Radhakishan Damani, and Raju Chartist) were his famous associates. This bear cartel group followed the same ideology as Manu Manek.

Who is black cobra?

Manu Manek or the “Cobra” used his short-selling technique to make huge profits from the declined market. He was skilled and fearless and used to dictate the market for many years until the Big Bull entered.

What is the age of Ketan Parekh?

Parekh, 49, is banned from trading till 2017, according to market regulator SEBI for having rigged the market by wrongful means.

Is Rakesh Jhunjhunwala a bull or bear?

Rakesh Jhunjhunwala, one of the Big Bulls of the country’s equity markets turned 61 on Monday, 5th July 2021.

Who Is the Real Manu Manek?

The character Manu Mundra, played by Satish Kaushik, is based on the Cobra – Manu Manek. To introduce Manu Manek, let us resort to the words of Kisan Ratilal Choksey, the founder of K R Choksey Shares and Securities. “Manek was a legendary personality and a powerful operator who dictated the market.

Did Ketan Parekh sell 27 lakh shares?

In 1991, it was at 1,200, which zoomed to 4,500 points in 1992. Finally, the scam was uncovered and the SENSEX tanked by more than 2,800 points within a week. Some of the 27 lakh missing shares of Harshad Mehta pertaining to 90 companies, were later sold by Ketan Parekh, who worked for him for few years.