Canfina Mutual Fund Scam: Ketan Parekh Allowed To Travel To UK For Family Reasons
The Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter, the reports suggest. In the latest development, the Supreme Court has allowed stock broker Ketan Parekh to travel abroad to the United Kingdom for the medical treatment of his daughter. A bench headed by Justice D Y Chandrachud said, “The petitioner (Parekh) wishes to travel to the UK to attend to the medical need of his daughter.” The bench noted that Parkeh had earlier also been allowed to travel abroad on several occasions. He has been granted permission on all the previous six occasions. Ketan Parekh was convicted in the Canfina Mutual Fund scam case and was also held guilty in the case related to the 1992 stocks scam, duping CFS of more than Rs 47 crores. Ketan Parekh’s role in the scams Ketan was a chartered accountant and played a significant role in the overall scam. He was a part of Harshad Mehta’s GrowMore investments which...