Former stock market operator Ketan Parekh’s application seeking permission to travel abroad for four months was opposed by the Securities and Exchange Board of India (SEBI).
Parekh, who was barred from the markets for 14 years for his role in the 2000-2001 securities scam, requested permission to travel to the UK, UAE, Singapore, Thailand, Sri Lanka, South Africa, the European Union and Georgia for a family vacation and to attend two weddings.
SEBI cited Parekh’s “history of misusing” foreign travel permissions to carry out fraudulent trades via WhatsApp groups.