"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
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
"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.
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"
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"
The global euphoria a year before 2001 over tech, media & telecom stocks pumped up the sector drawing in both big-time speculators n small-time investors.
Post Covid, all the stockmarkets were attractive, Bombay Stock Exchange is no exception to draw attention specially Newbies
Post Covid, all the stockmarkets were attractive, Bombay Stock Exchange is no exception to draw attention specially Newbies
Parekh artificially rigged prices of certain stocks(K-10 stocks) & SEBI had banned Parekh & associated firms from trading in the market for 14 years.
SEBI alleged in 2009 that a variety of companies & other actors were trading on behalf of Parekh.
"Nothing Stopped Could Them"
SEBI alleged in 2009 that a variety of companies & other actors were trading on behalf of Parekh.
"Nothing Stopped Could Them"
Wait 2009? Din't the #StockMarket crash in 2008 almost 50% by end?
An investigation ensued & 26 entities were banned from trading. In March 2014 he was convicted by special CBI court for cheating & sentenced to 2 years Rigorous Imprisonment.
"But cases are still going on & on"
An investigation ensued & 26 entities were banned from trading. In March 2014 he was convicted by special CBI court for cheating & sentenced to 2 years Rigorous Imprisonment.
"But cases are still going on & on"
Ketan Parekh's rise to fame & riches coincided with dotcom boom of 1999-2000.
"Ketan Parekh, an infamous Indian market Manipulator" #Hindenburg
Thanks to #HindenburgReport on #AdaniGroup, Ketan Parekh name is making the rounds.
"Whom many #Indians have Forgotten conveniently"
"Ketan Parekh, an infamous Indian market Manipulator" #Hindenburg
Thanks to #HindenburgReport on #AdaniGroup, Ketan Parekh name is making the rounds.
"Whom many #Indians have Forgotten conveniently"
#Adani Exports renamed as #AdaniEnterprises
"LinkedIn profile for Ketan Parekh’s daughter shows she worked at Elara Capital – the London-based brokerage which almost exclusively holds #AdaniGroup stock in its Mauritius-based fund, as detailed earlier." #HindenburgReport
"LinkedIn profile for Ketan Parekh’s daughter shows she worked at Elara Capital – the London-based brokerage which almost exclusively holds #AdaniGroup stock in its Mauritius-based fund, as detailed earlier." #HindenburgReport
"SC allows Ketan Parekh to travel abroad" News Headlines
"Ketan Parekh has been arrested multiple times since the 2001 market crash he helped spark but each time has made bail, including in 2001, 2008, 2014 and 2018." #HindenburgReport
"Courts Conveniently grant him Bails"
"Ketan Parekh has been arrested multiple times since the 2001 market crash he helped spark but each time has made bail, including in 2001, 2008, 2014 and 2018." #HindenburgReport
"Courts Conveniently grant him Bails"
"the same Ketan Parekh-associated brokerage firm was RENAMED Orbit Investment Securities, per UK corporate records.
It is now controlled by an individual Jayechund ‘Jaye’ Jingree, who previously served as a director of #Adani Global Ltd, based in Mauritius" #HindenburgReport
It is now controlled by an individual Jayechund ‘Jaye’ Jingree, who previously served as a director of #Adani Global Ltd, based in Mauritius" #HindenburgReport
Many articles state #KetanParekh is bad for the #StockMarket. But still he is out there doing the worst with the #stocks as per #HindenburgReport on #AdaniGroup
One of such articles
"Who's Ketan Parekh and why's he bad for the market?"
indiatoday.in/business/india…
One of such articles
"Who's Ketan Parekh and why's he bad for the market?"
indiatoday.in/business/india…
Ketan Parekh was popularly called the ‘Pentafour Bull’ of the Indian #StockMarkets & K-10 #Stocks were his favorite.
According to a report by SFIO (Serious Fraud Investigation Office), the scam was estimated between Rs 30,000-40,000 crores.
wikibio.in/ketan-parekh/a…
According to a report by SFIO (Serious Fraud Investigation Office), the scam was estimated between Rs 30,000-40,000 crores.
wikibio.in/ketan-parekh/a…
In 2014, Ketan was sentenced 2 yrs for cheating - special CBI court.
In 2018, sentenced him to 3 yrs for violating the SEBI act - a fast track court.
Later, Bombay High Court SUSPENDED his sentence & Granted him BAIL.
"Why? And On Whose Pressure?"
#SupremeCourt #Judiciary #INDIA
In 2018, sentenced him to 3 yrs for violating the SEBI act - a fast track court.
Later, Bombay High Court SUSPENDED his sentence & Granted him BAIL.
"Why? And On Whose Pressure?"
#SupremeCourt #Judiciary #INDIA
THE KETAN PAREKH SCAM of 2001 - 40,000 crs Scam
The KP-10 Questions
1. Is #MONEY recovered?
If yes, how much?
2. Any authority keep an eye on the #BANKS involved & debts?
If yes, how? Whom? How long?
《Then why did RBI seek banks for details post #HindenburgReport?》
#India
The KP-10 Questions
1. Is #MONEY recovered?
If yes, how much?
2. Any authority keep an eye on the #BANKS involved & debts?
If yes, how? Whom? How long?
《Then why did RBI seek banks for details post #HindenburgReport?》
#India
To #SEBI
3. Were all LOOPHOLES closed to Safeguard #StockMarket & investors?
4. Was #Adani Exports (#AdaniEnterprises) kept under SURVEILLANCE?🔎
《Then, why does #HindenburgReport & #Forbes Statements on #AdaniGroup give us a picture SEBI FAILED?🤔》
#India
3. Were all LOOPHOLES closed to Safeguard #StockMarket & investors?
4. Was #Adani Exports (#AdaniEnterprises) kept under SURVEILLANCE?🔎
《Then, why does #HindenburgReport & #Forbes Statements on #AdaniGroup give us a picture SEBI FAILED?🤔》
#India
5. The BANS later reduced to fines for #AdaniGroup. Why was there a CHANGE IN DECISION in 2008?
Was there any pressures?🤔
《But that leniency on the mistakes made, caused a huge turmoil in #India by the same company #AdaniEnterprises, the then Adani Export.》
#India
Was there any pressures?🤔
《But that leniency on the mistakes made, caused a huge turmoil in #India by the same company #AdaniEnterprises, the then Adani Export.》
#India
6. Was Ketan Parekh activities MONITORED last 2 decades? His Trading?
If yes, Turned Mute?
He plays key role in the activities of #AdaniEnterprises & #AdaniGroup as per #HindenburgReport?
《What's use of establishing #SEBI as it can't safeguard INVESTORS?》
#StockMarket
#India
If yes, Turned Mute?
He plays key role in the activities of #AdaniEnterprises & #AdaniGroup as per #HindenburgReport?
《What's use of establishing #SEBI as it can't safeguard INVESTORS?》
#StockMarket
#India
To #JUDICIARY
7. Why was Ketan Parekh granted BAIL MULTIPLE times?
8. Why was he granted PERMISSIONS MULTIPLE times to travel London inspite of #SEBI warnings of his activities?
《Who forced/pressurised the then Judges?》
#SupremeCourt #Crime
#StockMarket #BJP #Congress
#India
7. Why was Ketan Parekh granted BAIL MULTIPLE times?
8. Why was he granted PERMISSIONS MULTIPLE times to travel London inspite of #SEBI warnings of his activities?
《Who forced/pressurised the then Judges?》
#SupremeCourt #Crime
#StockMarket #BJP #Congress
#India
9. Did Ketan Parekh complete his SENTENCE for the crimes he was CONVICTED for?
If not, why?
Not punishing a CULPRIT gives a wrong message "Not to fear Law" & promotes to break Rules and Regulations.
《Justice not Served 2 decades, due to pressures from Politicians?》
#India
If not, why?
Not punishing a CULPRIT gives a wrong message "Not to fear Law" & promotes to break Rules and Regulations.
《Justice not Served 2 decades, due to pressures from Politicians?》
#India
To #Indians 🇮🇳
The Ketan Parekh Show is still going on...
10. Who is the MASTERMIND behind the Ketan Parekh Scam?
It was NOT JUST Ketan Parekh & his associates who were arrested in 2001 & proved guilty.
There is SOMEONE or a GROUP behind The Ketan Parekh Scam 🚩
#India
The Ketan Parekh Show is still going on...
10. Who is the MASTERMIND behind the Ketan Parekh Scam?
It was NOT JUST Ketan Parekh & his associates who were arrested in 2001 & proved guilty.
There is SOMEONE or a GROUP behind The Ketan Parekh Scam 🚩
#India
Bringing real TRUTH in Ketan Parekh Scam & convicting actual CULPRITS would be the only reply this country could give..
To the one's who were forced by the then circumstances to choose Death.
And to many investor families who faced the worst financial crisis.
#India
To the one's who were forced by the then circumstances to choose Death.
And to many investor families who faced the worst financial crisis.
#India
Hopefully, the next event like 1992, 2001 & 2008 crash is handled better.
The #AdaniGroup accounts & money inflow into stocks are thoroughly checked by all regulators.
Newbies who entered #Stockmarket in boom are made aware #stocks can also collapse one day.
#India
#JaiHind 🇮🇳
The #AdaniGroup accounts & money inflow into stocks are thoroughly checked by all regulators.
Newbies who entered #Stockmarket in boom are made aware #stocks can also collapse one day.
#India
#JaiHind 🇮🇳
Read the entire thread👆 to know of KETAN PAREKH & his KEY R🔴LE mentioned by #Hindenburg in #AdaniGroup or #AdaniEnterprise(Adani Export)
⚠️Beware of #StockMarket which is a BUBBLE ready to BURST N #STOCKS he took interest to HYPE now.
Never Ending Saga
#India #SEBI
#Indian 🇮🇳
⚠️Beware of #StockMarket which is a BUBBLE ready to BURST N #STOCKS he took interest to HYPE now.
Never Ending Saga
#India #SEBI
#Indian 🇮🇳
• • •
Missing some Tweet in this thread? You can try to
force a refresh
