Ketan Parekh: The Persistent Ghoul of Dalal Street

Ketan Parekh is a famous stockbroker known for his role in several major financial scams in India.

He started his career by learning from Harshad Mehta, another well-known market manipulator.

Parekh became very skilled at manipulating the stock market by creating artificial demand for certain stocks and then selling them at inflated prices.

He used companies like Zee Telefilms and HFCL to carry out his schemes.

His actions led to significant financial losses for investors and the collapse of banks like Madhavpura Mercantile Cooperative Bank and Global Trust Bank.

Despite being banned from trading multiple times, Parekh continued to find ways to manipulate the market.

In 2025, he was again caught for using non-public information to make illegal trades.

Parekh is often seen as a symbol of the vulnerabilities in the Indian financial system.