Q: Delineate the Ketan Parekh Security Scam of white collar crime ?

Ans: From 1999 to 2001, Parekh engaged in stock manipulation and circular trading. To use the funds for the manipulation of numerous stocks, he borrowed money from financial institutions like Global Trust Bank and Madhavpura Mercantile Co-operative Bank. They were held responsible for manipulating the share prices of K-10, a group of ten companies. So far, the scam has cost over 1,250 crore. As a result, SEBI imposed a 14-year trading ban on Parekh and related companies. Even though he was only imprisoned for a year, he wasn't permitted to trade on the Indian stock market until 2017.

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