Mumbai : A special court in Mumbai on Tuesday permitted former stockbroker Ketan Parekh, a key accused in a securities scam, to travel abroad provided he deposits Rs 27.06 crore dues with the Securities and Exchange Board of India (SEBI) linked to an interim order.Parekh is facing criminal charges for his alleged role in the 2000-2001 securities scam that resulted in him being debarred from the stock market for 14 years.
He had sought permission from the court to travel to Thailand and the UAE for a family vacation and attend a wedding.In September, special SEBI court Judge R M Jadhav rejected a similar plea, saying the court cannot consider blanket permission for traveling abroad for a period of four months as sought by the accused. Read Also 'Financial Intermediaries, Including Stoc

Free Press Journal

Ommcom News
Newsweek Top