@kabeer: your point is valid to an extent ! However the indian financial system had this scam coming because of mismatch in depository/clearance systems ... this scam led to increased survellince in broking, lesser capital for banks to lend on share, higher margining ....
And he already has spent a lot of time in jail !
Even the elder Memon brother, responsible for bomb blasts, was given bail because of ill health ... thats a real terrorist
But having said that, no sympathy at all for ketan parekh