Former stockbroker from Mumbai, India Ketan Parekh has become a victim of death Hoax. Multiple reports making rounds all over the social media has claimed that Ketan Parekh has passed away. The news which emanated from a clickbait website is fake and should be disregarded by the public.
Ketan Parekh is alive and doing well. The public should know that this a misinformation by rumour mongers. The ex stockbroker is hale and hearty.
Who Is Ketan Parekh?
Ketan Parekh is a former stockbroker from Mumbai, India. In 2008 Ketan Parekh was convicted after his alleged involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001.
During this period, Parekh artificially rigged prices of certain chosen securities (informally referred to as K-10 stocks), using large sums of money borrowed from banks including the Madhavpura Mercantile Co-operative Bank, of which he himself was a director.
As a result, he was barred from trading in the Indian stock exchanges till 2017.
He started his career in the late 1980s at Narbheram Harakchand Securities (NH Securities), a reputed institutional brokerage firm.
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