17. The Ketan Parekh Scam Money borrowed is diverted to fund the co-brokers at Kolkata Stock Exchange for price manipulation Discounted the pay orders presented by KP and the pay orders worth INR 137 cr bounced Got the pay orders discounted with Bank of India Took pay orders from MMCB without paying money Diverted the amount of pay orders from Bank of India to rig the share prices of K-10 scrips Stock Brokers of Kolkata Stock Exchange Stock Market Activities Ketan Parekh Bank of India MMCB