It may be recalled that the Joint Parliamentary Committee (JPC) had wound up its investigation into the Ketan Parekh scam without going into the role of corporate entities who colluded with the trader. It merely asked the Serious Frauds, set up in the aftermath of the scam, to investigate their role.

So far, investigation into Ketan Parekh's shenanigans have remained a saga of double standards, selective persecution, tardy investigation and the filing of meaningless case that have no relevance beyond destroying a few individuals at the periphery to the brazen market manipulation and siphoning of funds that destroyed two banks (Global Trust and Madhavpura Mercantile) and the highly regarded Unit Trust of India.