Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh, convicted in 2008 for stock market manipulation, and Rohit Salgaocar, whose company facilitated these “illicit” trades that led to unlawful gains of ₹65.77 crore. Role of key accused “The evidence gathered, including digital footprints, WhatsApp chats, phone calls, and Bloomberg messages, suggests that Ketan Parekh …
Harshad Mehta is infamous for orchestrating the largest stock market scandal. Following his scam, another significant financial wrongdoing occurred in 2001, led by Ketan Parekh, who had previously been associated with Harshad Mehta as his protege. Following the Harshad Mehta scandal, the Ketan Parekh scam emerged as the second significant event that rattled the Bombay Stock Exchange. Ketan Parekh, who …
