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Judiciary

[Canfina Mutual Fund Scam] SC allows stockbroker Ketan Parekh to travel to UK for medical need

By LawStreet News Network      08 November, 2021 12:01 PM      0 Comments
Canfina Mutual Fund Scam Stockbroker Ketan Parekh

Supreme Court allows stockbroker Ketan Parekh who was convicted in the Canfina Mutual Fund scam case to travel to UK for medical need

Parekh was held guilty in the case related to 1992 stocks scam, duping CFS of more than Rs 47 crores.

Supreme Court had earlier granted him bail

SC: The petitioner wishes to travel to UK to attend to the medical need of his daughter. The petitioner has been allowed to travel abroad on several occasions. He was allowed to travel on 6 previous occasions.

SC: we think ends of justice will be met by allowing the petitioner to travel abroad from Jan 27, 2022, to End of February, 2022. order will be subject to previous conditions.

SupremeCourt bench of Justices DY Chandrachud and AS Bopanna clarifies that the permission is based on earlier orders permitting him to travel abroad and documents placed on record.

ASG KM Nataraj appeared for CBI

Adv Kamini Jaiswal appeared for Parekh



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