Sebi charges Parekh in Lupin case
New Delhi: Securities and Exchange Board of India (Sebi) has charged Ketan Parekh with artificially jacking up prices of Lupin scrips. In its second interim report on market behaviour, Sebi also accused promoters of Cyberspace Infosys of price rigging.

In its report to joint parliamentary committee, Sebi held Ketan Parekh along with his broking and investment firms responsible for manipulating prices of Lupin Labs.

It said acquisition of large quantities of shares in Lupin by Ketan Parekh's associate companies Classic Credit and Panther Fincap & Management Services, from promoters during 31 August 1999 were in contravention of securities contract act.
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