A Mumbai broker rigged share prices of ten 'K-10' stocks with bank money
Ketan Parekh (K-10 stocks) · Stockbroking
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Ownership / related-party links
Would have linked the front entities.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Collateral & double pledge
Would have shown shares pledged repeatedly.
Can mislead when: Pledges made off the registries stay invisible, and vague invoice descriptions are hard to match.
End-use tracing of funds
Would have traced bank funds to trading accounts.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Where Kubr services would have helped
Borrower monitor
Offered in India- C3 Would have linked the front entities.
- C6 Would have traced bank funds to trading accounts.
- C13 Would have shown shares pledged repeatedly.
Verified Snapshot
Offered in India- C3 Would have linked the front entities.
- C13 Would have shown shares pledged repeatedly.
Legal diligence support
Offered in India- C3 Would have linked the front entities.
- C13 Would have shown shares pledged repeatedly.
Rating history
Offered in India- C3 Would have linked the front entities.
- C13 Would have shown shares pledged repeatedly.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.