Ketan Parekh - The Real Story of Ketan Parekh Scam

MUMBAI, India - April 28, 2023 - PRLog -- Ketan Parekh - As one of the most influential players in the Indian stock market, Ketan Parekh is a name that needs no introduction. What you know about him, however, is far from the entire truth. In the 1980s, Ketan began his career assisting his father and uncles at Narbheram Harakchand Securities, a brokerage firm established by his grandfather in pre-Independence India. Simultaneously, he prepared for the Chartered Accountant qualifications and became a certified CA in 1985.

With his ease with numbers, meticulous approach, and hardworking nature, Ketan rapidly carved a niche for himself in the Indian stock market. Not only did he become an expert trader, his attention to detail and familiarity with the intricacies of the market meant that he soon earned the moniker of "ITC Bull" for his ability to consistently and accurately predict the trading pattern of ITC.

Growing up, Ketan's father was his role model and his introduction to the world of trading. His father was known to be a decisive "jobber", someone who is a market maker, giving bids and offers of particular securities to boost market liquidity. His skill and understanding of the market inspired Ketan Parekh to be the best in his field.

THE LESSER-KNOWN TRUTH
In the Indian public consciousness, the story ends there. While Ketan is widely known as a convicted scamster and rogue investor, very few people know about the actions he has taken over the last two decades to make amends. With faith in the Indian judicial system, Ketan has been working for years toward doing the right thing. He has never openly revealed his side of the story, leading to many false statements and speculations. But the time has come for the world to see the actual truth and learn more about him as a person and an investor.

Ketan firmly believes that the risks he took during his trading days were necessary. Nevertheless, he is very aware of the impact of the consequent losses on the financial institutions involved, their customers, and the Indian economy. For this reason, his ultimate aim has been to return the money he had borrowed from the banks which had been lost in 2001.

Being patriotic, Ketan decided a long time ago that he would face all the charges against him. While others in his position would – and have, as we have seen over the past decade – fled the country, choosing to live a life of luxury abroad, Ketan has made unending attempts to make amends. To that end, over the past 20 years, Ketan has followed the journey of the cases filed against him through the Indian judicial system and accepted the restrictions placed upon him by the Court.

Read Real Story of Ketan Parekh Scam: https://ketanparekhstory.com/