Ketan Parekh is a former Mumbai stockbroker who was convicted in 2008 for his role in the Indian stock market manipulation scheme that ran from late 1998 to 2001.
During this time, Parekh used enormous quantities of money borrowed from banks, particularly the Madhavpura Mercantile Co-operative Bank, of which he was a director, to artificially rig the prices of some selected assets
1. Ketan Parekh biography
Ketan Parekh is a scumbag for orchestrating the Indian financial exchange control ruse.
The feat, known as the Ketan Parekh trick, took place between 1998 and 2001. His personal details such as date of birth are away from the limelight. However, he holds Indian nationality.
2. Ketan Parekh’s nationality and ethnicity
The ex-convict is an Indian. However, his ethnicity is unknown.
3. Ketan Parekh religion
The ex-convict’s personal details such as religion, are not known. He only attained the limelight due to his stock marketing scandal.
4. Ketan Parekh’s height and weight
The ex-convict’s personal details such as body measurements are equally unknown to the public. He only attained the limelight due to his stock marketing scandal.
5. Ketan Parekh’s educational background
Parekh is Harshad Mehta’s student and is known as “The Pentafour Bull” of the Indian financial exchange.
6. Ketan Parekh’s parents and siblings
The Indian ex-convict has kept his personal details as well as his family’s details away from the limelight. Nevertheless, Ketan Parekh was born into an upper-middle-class family of CAs and stockholders. Vinaychandra N Parekh, his father, introduced him to the volatile world of the stock market. There are no details regarding his mother and siblings.
7. Ketan Parekh’s wife and children
The Indian ex-convict has not disclosed his personal information to the public. However, His wife’s name is Mamta Parekh, and the couple has two daughters.
8. Ketan Parekh companies
Parekh co-founded the KPV Venture with Kerry Packer, an Australian multi-millionaire with a fund size of $250 million.
But, after the swindle was exposed, the authorities took all of his holdings and properties.
9. Ketan Parekh Awards
The Indian ex-convict does not have any popular awards. He was rather convicted after Parekh and his front entities were found guilty of manipulating the share prices of ten companies known as K-10, and SEBI barred Parekh and his associates from trading in the market for 14 years.
10. Where does Ketan Parekh live?
Ketan Parekh is said to have moved to London with his wife and daughters, for the treatment of his daughter, who has had post-vital encephalitis since she was one and a half months old.
11. Ketan Parekh’s earnings and net worth
As of 2023, his net worth is expected to be about $800,000 dollars. Ketan Parekh was able to manipulate stock prices to the point where he gained the faith of other investors while he was at his peak.
He made many contacts within the Bollywood community and in political circles, which aided his financial success.
12. Ketan Parekh’s social media pages
The Indian ex-convict’s social media pages are not available to the public.
