Discover and read the best of Twitter Threads about #KetanParekh

Most recents (3)

Jo Johnson, the brother of former UK prime minister @BorisJohnson, has resigned from the board of Elara Capital—a London-based investment firm 99% of whose holdings are Adani stocks.

About time @JoJohnsonUK revealed more on how he ended up at a company linked to Ketan Parekh.
Boris Johnson visited Adani headquarters in April 2022.

Jo Johnson joined Elara in June 2022.

The timing could just be a coincidence. But what kind of background checks did Jo Johnson—a former India correspondent of ‘Financial Times—do before lending his name to the firm?
@FT reports that when Jo Johnson joined Elara last June, the firm intended to tap his expertise on investing in technology and education.

In his statement, Jo Johnson says he hoped to make a contribution to UK-India trade and investment ties.

OK, but…
Read 9 tweets
"Suicides shake India's broking community" News headlines in 2001.

Dalal Street saw people lose their jobs, leading brokerages lose trading rights & the 'Bombay Bull' broker, Ketan Parekh, facing fraud charges.

"The Same Gang is back"

#HindenburgReport #StockMarket #stocks Image
"The Gujarat earthquake was rattling, but for many, their real earthquake came afterwards", a broker.

Many people who gambled with other people's funds, with their knowledge or without, could finally smell the money - but unfortunately it was the smell of money burning.
But the better prices are too late for the players who lost so much, and thought DEATH was their only option.

Markets recovered later, Regulators vowed to tighten up trading rules & a parliamentary panel to investigate the sell-offs.

"But they were good at it,
N they are now"
Read 23 tweets
Supreme Court allows stockbroker Ketan Parekh who was convicted in the Canfina Mutual Fund scam case to travel to UK for medical need

Parekh was held guilty in the case related to 1992 stocks scam, duping CFS of more than Rs 47 crores. #supremecourt had earlier granted him bail
SC: The petitioner wishes to travel to UK to attend to the medical need of his daughter. The petitioner has been allowed to travel abroad on several occasions. He was allowed to travel on 6 previous occasions. #supremecourt
SC: we think ends of justice will be met by allowing the petitioner to travel abroad from Jan 27, 2022, to End of February, 2022. order will be subject to previous conditions.
Read 5 tweets

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