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Nationality Indian — Business / finance / financial markets / manipulation

Ketan Parekh

Business and billionaires

Documented profile covering 9 controversies, including “2025: new SEBI front-running case and 65.77 crore in alleged gains” and “2020: prima facie involvement in front-running investigation”.

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Profile No. 2688 · Updated on 12 October 2026

9Documented controversies
6Sources
0Formal charge · all time
0Conviction

§ Legal statuses reflect the documented sources as of the date shown; they replace neither court decisions nor the presumption of innocence. Counts are not a rating. Methodology

I. Documented controversies

01

2 January-November 2025

2025: new SEBI front-running case and 65.77 crore in alleged gains

Civil / administrative proceedings

SEBI accused Parekh and others of exploiting non-public information about a major investor's orders and sought to freeze approximately 65.77 crore in gains.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 2

  1. [1]
    SEBIExtended front running by Ketan Parekh and othersRegulatory authorityVery high reliability
  2. [2]
    High Court / Indian KanoonKetan V Parekh vs SEBICourt decisionVery high reliability

Last verified: 14 September 2026

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02

2020

2020: prima facie involvement in front-running investigation

Investigation

SEBI described a prima facie role for Parekh in front-running transactions linked to a connected company's account.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 1

  1. [1]
    SEBIFront running — Reliance Securities connected entitiesRegulatory authorityVery high reliability

Last verified: 14 September 2026

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03

October 2017

2017: judicial proclamation in special SEBI case

No legal proceedings

A SEBI Special Court ordered a proclamation concerning Parekh as a director of Panther Fincap.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 1

  1. [1]
    SEBIProclamation order — Ketan ParekhCourt recordVery high reliability

Last verified: 14 September 2026

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04

2003-2007

2003–2007: fourteen-year market ban upheld on appeal

Civil / administrative proceedings

SEBI barred Parekh and several entities from accessing the market for fourteen years, describing him as the mastermind of the manipulations.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 1

  1. [1]
    SEBIOrder against Ketan Parekh and associated entitiesRegulatory authorityVery high reliability

Last verified: 14 September 2026

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05

2005-2006

2005–2006: foreign exchange penalties concerning Triumph and its executives

Civil / administrative proceedings

SEBI noted penalties imposed by the Enforcement Directorate for improper use of foreign currency through overseas structures.

State of the evidence
Documented

Sources · 1

  1. [1]
    SEBISEBI history of Ketan Parekh 2001 scamRegulatory authorityVery high reliability

Last verified: 14 September 2026

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06

2002-2004

2002–2004: cancellation of licences of brokerage firms linked to Parekh

Civil / administrative proceedings

SEBI cancelled the licences of several brokerage companies associated with the Parekh network.

State of the evidence
Documented

Sources · 1

  1. [1]
    SEBISEBI history of Ketan Parekh 2001 scamRegulatory authorityVery high reliability

Last verified: 14 September 2026

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07

2001-May 2002

2001–2002: CBI investigation and arrest in Madhavpura Mercantile Bank case

Investigation

The CBI prosecuted Parekh and associates in a case concerning overdraft facilities and banking transactions; he was arrested in May 2002.

State of the evidence
Documented
Attribution
Accused

Sources · 1

  1. [1]
    SEBISEBI history of Ketan Parekh 2001 scamRegulatory authorityVery high reliability

Last verified: 14 September 2026

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08

1999-March 2001

1999–2001: large-scale manipulation of several securities and artificial trading volumes

Civil / administrative proceedings

SEBI found that Parekh and his entities had used fictitious, circular and non-genuine transactions to manipulate several securities.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 2

  1. [1]
    SEBISEBI history of Ketan Parekh 2001 scamRegulatory authorityVery high reliability
  2. [2]
    SEBIOrder against Ketan Parekh and associated entitiesRegulatory authorityVery high reliability

Last verified: 14 September 2026

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09

4-10 April 2001

April 2001: provisional ban on new brokerage activities

Civil / administrative proceedings

SEBI provisionally prohibited Parekh and several associated entities from undertaking new broker or merchant banker activities.

State of the evidence
Documented
Attribution
Directly implicated

Sources · 1

  1. [1]
    SEBISEBI history of Ketan Parekh 2001 scamRegulatory authorityVery high reliability

Last verified: 14 September 2026

Add to this entry

II. Constellation of documented links

No documented link with another published profile for now.

Two profiles are linked when a documented controversy of one names the other. The link points to that controversy and its sources; it does not indicate a personal relationship.

III. Has something changed?

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