A special court in Mumbai on Tuesday rejected an application filed by Ketan Parekh — former stock market operator behind the 2000-2001 securities scam — who had sought to travel to multiple countries over four months. The Securities and Exchange Board of India (SEBI) had opposed his application , based on an interim order passed by the regulator in January, citing a “history of misusing” foreign travel permissions to engage in fraudulent trades through WhatsApp groups.

Parekh had submitted that in the past, he was granted permission to travel abroad by various courts. The Supreme Court allowed him to travel to the UK for his daughter’s medical treatment in 2021, as did the special court in 2022. In December 2023, he was also allowed to travel to the UK, Dubai, Singapore, EU and the US

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