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What is Ketan Parekh: The Pied Piper of Dalal Street about?

Ketan Parekh was a stock broker in Mumbai who manipulated the stock market in late 1999-2001, causing a crash. He formed a network of brokers to target certain stocks and drive up their prices using borrowed money through a system called "badla trading." When stock prices rose, he would pledge the shares as collateral to borrow more funds. However, when the market crashed in 2000, he was unable to maintain the stock prices and cover his debts, exposing the scam. His actions led to investigations, reforms to

Author

Neelanjan Maiti

Language

EN