Archive · 29 Sep 2025
SEBI Opposes Ketan Parekh's Travel, Citing Potential Evasion
Ketan Parekh, who was involved in a stock market scam, wants to travel abroad.
SEBI, the financial regulator, is against it.
SEBI thinks he might use the trips to do illegal trades and avoid court.
They worry he might even move away permanently, as he has in the past, used travel for shady activities.
The regulator is concerned because there are ongoing legal cases against him.
SEBI wants to make sure he can’t escape accountability.
SEBI opposes Ketan Parekh's overseas travel application.
Parekh, a key figure in the 2000-2001 securities scam, is seeking permission to travel.
The regulator alleges that Parekh misused travel for illegal trading.
Parekh faces ongoing criminal proceedings.
SEBI believes Parekh may be seeking to evade legal scrutiny and possibly settle abroad.
- Who
- Ketan Parekh
- What
- SEBI opposed Parekh's request to travel overseas.
- When
- Application for travel to multiple countries.
- Where
- UK, UAE, Singapore, Thailand, Sri Lanka, South Africa, Georgia, and the EU.
- Why
- SEBI believes Parekh intends to evade legal scrutiny and potentially relocate abroad.
SEBI's Stance
Ketan Parekh's Position
Travel Purpose
SEBI's Stance
SEBI believes Parekh is seeking to evade legal scrutiny.
Ketan Parekh's Position
Parekh cited family reasons, including visiting his daughters.
Potential for Illegal Activities
SEBI's Stance
SEBI fears Parekh will continue fraudulent activities and evade authorities.
Ketan Parekh's Position
The articles do not mention his view on the topic.
Legal Action
SEBI's Stance
SEBI seeks to ensure accountability in ongoing legal cases.
Ketan Parekh's Position
The articles do not mention his view on the topic.
- Person Involved
- Ketan Parekh
- Accusation
- Misusing travel for fraudulent trades and potential relocation
- Travel Locations Requested
- UK, UAE, Singapore, Thailand, Sri Lanka, South Africa, Georgia, EU countries
- SEBI's Stance
- Opposes travel application due to past misconduct and ongoing cases.
- Past Offenses
- Involved in the 2000-2001 securities scam
Sources
Ketan Parekh used foreign travel as cloak to hide illegal trade: SEBI
Ketan Parekh Used Overseas Trips As Cloak For Fraudulent Trades, SEBI Tells Court
‘Sinister motive’: SEBI opposes Ketan Parekh’s overseas travel; cites past misuse concerns