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Ketan Parekh Banned by Sebi Again for Front-Running Scheme

share-iconFriday, January 03 comment-icon2 weeks ago 8 views
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indiatimesINDIATIMES
Ketan Parekh Banned by Sebi Again for Front-Running Scheme

Credited from: INDIATIMES

  • Ketan Parekh, known for his previous stock market manipulations, is back in the sights of Sebi.
  • He and Rohit Salgaocar have been implicated in a front-running scheme that led to illegal profits.
  • Sebi's investigations revealed that Parekh's associates executed trades using inside information.
  • The regulator has barred Parekh and 20 others from the market and demanded repayment of nearly Rs 66 crore.
  • All implicated parties have 21 days to respond to Sebi’s findings.

For more details, visit the original article at Times of India.

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