THE K-10 SCAM

THE KETAN PAREKH SCAM 2001

- A presentation by Team 5
 THE SCAM AND THE KETAN PAREKH

• In 2001 a big sock market scam was exposed, which shook the whole nation.
• It was the second most important Scam in Bombay Stock Market after harshad mehta
scam.
• Not only our country, but the whole world came to know about the current pied piper
of the stock market.
• The magician who learnt from the phoenix himself i.e Harshad Mehta
• Ketan Parekh, the so called “Paras Pathhar” turn anything onto gold what he touched.
• He skyrocketed prices of unnoticeable shares upto 5000 times approx.,
 EARLY LIFE

▪ Started career in 1980s at Narbheram

Harakchand Securities (NH Securities)
▪ In the 90s, he came in contact
with Harshad Mehta and subsequently
joined Mehta's firm GrowMore
investments
 Early life

•GrowMore , a firm that Mehta had set up

and which was involved in the 1992 Indian
stock market scam

• As cover stories emerged in the financial

media of his malpractices related to the
stock market, scrutiny shifted to his
activities leading to his arrest on 30 March
2001.
 HOW THE SCAM EXECUTED

Ketan Parekh basically started manipulating the market by 2 ways

Pump
& Circular Trading
Dump