In the aftermath of the Harshad Mehta scandal in 1992, India’s stock market faced another financial earthquake—this time, masterminded by Ketan Parekh. A quiet but ambitious Chartered Accountant, Parekh exploited market loopholes, manipulated stock prices through pump-and-dump schemes, and created a portfolio of infamous ‘K10 stocks’ during the dot-com boom of the late 90s.
Backed by major banks like Madhavpura Mercantile Cooperative Bank and Global Trust Bank, Parekh’s empire grew unchecked until the 2001 dot-com bubble burst. With collapsing stocks, mounting debt, and a ruthless bear cartel, the once-called 'Midas touch' led to devastating losses for retail investors, wiping out over ₹2,000 crore.
This gripping story uncovers the lessons, risks, and consequences of unchecked greed in the financial world. A must-watch for anyone curious about India's biggest financial scandals.
Watch now to uncover:
✔️ The rise of the K10 stocks and the ICE sector craze.
✔️ How pump-and-dump schemes manipulated markets.
✔️ The impact of the dot-com crash on India’s stock market.
✔️ The lessons investors must learn from Ketan Parekh’s legacy.
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