The Securities and Exchange Board of India (SEBI) has opposed an application filed by Ketan Parekh — the former stock market operator at the centre of the 2000-2001 securities scam — seeking permission to travel abroad for four months. The regulator cited Parekh’s “history of misusing" foreign travel permissions to carry out fraudulent trades via WhatsApp groups and alleged that he harbours a “sinister motive" to evade surveillance, skip court proceedings and “settle in a foreign country" to execute plans that could harm the country’s economy and investors.

Parekh, who was barred from the markets for 14 years for his role in the 2000-2001 scam and continues to face criminal charges before a special SEBI court in Mumbai, requested permission to travel to the UK, UAE, Singapore, Thailand, S

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