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