India’s biggest scam, the “Ketan Parekh Scam” that has shaken the whole trading industry has two flips. One is famous among all, and the other is the truth behind the whole scam game. However, the whole story of the scam has hidden skin that needs to be revealed.

The truth of the scam involves a lifelong struggle of a person with a soft-spoken and humble demeanor. A personality that is completely misinterpreted by the world and never comes out in his defense. He is Ketan Parekh, a person who was the God for many investors and whose real personality became a delusion for us as it’s seized behind the famous 2001 scam.

The Famous Case- Ketan Parekh Scam

You all are aware of the Ketan Parekh scam, which took place in India in the early 2000s. As with others, you also believe that the scam involved a group of individuals led by Ketan Parekh, who manipulated the stock market through illegal means. Ketan used insider information and manipulated the share prices of certain companies, causing significant financial losses for investors that led to his arrest, and he was charged with various financial crimes.

Agree? No, as it’s just the upfront story weaved by many publications and individuals. Certain pages are yet to invert!

True Guise of Ketan Parekh

Ketan Parekh was an intense personality from the beginning of his professional journey. He started his professional life with his father and uncle in his own family-owned company, Narbheram Harakchand Securities, a brokerage firm. In conjunction with this, he cleared the toughest exam of Chartered Accountants and became a certified CA in 1985.

He has a great interest in finance, and soon he became an expert in trading. This all began in the late 1990s when the ICE sector was at the peak of trading. Ketan whirled his professional life in a short span of time as he was a daredevil, and it was believed that his touched sand could be gold. He was also a firm believer in the ICE sector and predicted growth opportunities. He was renamed the “Big Bull” of the stock market, and this all created a great chance for him to take challenges and do something audacious.

Truth Behind the Scam

With a thorough understanding and deep research, Ketan stepped into the trap of pleonexia, where he also helped many small-scale businesses to be debt-free and raised their market value. But the game changed in 2001 when the ICE (infotech, communications, and entertainment) stocks fell down overnight. This trapped Ketan Parekh in a big catastrophe as he defaulted on paying the amount borrowed by the banks and investors.

In spite of these, he stayed in his country and didn’t act like other scammers, as he had faith in the Indian Judicial System. He accepted all the penalties imposed by the court, such as serving years in jail, being prohibited from trading, and repaying the whole amount borrowed from the banks.

He is working for better amends, but his true story is still covered with scam prints. It’s the right time for us to change our perceptions. A person with a bad image could also have certain trials and tribulations that should be revealed, and the Truth of the Ketan Parekh Scam is the finest one whose another side should also be let out.