
1 minute read
What is the Role of Ketan Parekh in scam 1992?
from Ketan Parekh Scam
by Anubhav rai
Ketan Parekh is a real-life Indian stockbroker who was involved in a major financial scandal in the early 2000s. However, he is not directly related to the events portrayed in the Indian web series "Scam 1992: The Harshad Mehta Story."
"Scam 1992" is a series based on the life and events surrounding Harshad Mehta, another prominent Indian stockbroker who was involved in a securities scam in 1992. Harshad Mehta's scam involved manipulating the stock market through a technique called "circular trading" and exploiting loopholes in the banking system. He used funds from the banking system to artificially inflate the prices of certain stocks, leading to a stock market boom.
Advertisement
While Ketan Parekh was also a stockbroker in the same era and was involved in a subsequent scam in the early 2000s, the series primarily focuses on the story of Harshad Mehta. Ketan Parekh's involvement in the stock market and his role in subsequent scams are separate from the events portrayed in "Scam 1992."