As per the order, Salgaonkar, owing to his connections, had information about trades that were to be taken by a big US fund house. He used to find counterparties for the big fund house’s trades through different market participants including foreign funds,

Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh--convicted in 2008 for stock market manipulation--and others.The regulator impounded unlawful gains of ₹65.

SEBI has barred Ketan Parekh and two others from participating in India's securities markets due to their involvement in a front-running scheme, which resulted in illegal gains of Rs 65.77 crore. Alongside restraining measures against these individuals,

The market regulator also impounded Rs 65.77 crore gained wrongfully by Parekh, Rohit Salgaocar, a Singapore-based trader, and others through the scam.

Sebi has barred Ketan Parekh and two others from securities markets for front-running, involving illegal gains of Rs 65.77 crore.

Sebi has barred Ketan Parekh and two others from securities markets for involvement in a front-running scheme that generated illegal gains of ₹65.77 crore. They are also directed to impound these unlawful gains and are restrained from associating with any registered intermediaries.

A SEBI probe uncovered a front-running scam involving ex-broker Ketan Parekh, Singapore-based trader, and 20 others, exploiting non-public information

SEBI barred Ketan Parekh, Rohit Salgaocar, and others from Indian capital markets for a front-running scam, impounding ₹65.77 crore. Parekh, notorious for the 2001 stock scam, faces fresh restrictions alongside key associates.

SEBI debars Rohit Salgaocar and Ketan Parekh, impounding ₹66 crore, for orchestrating a front-running scheme in stock markets.

Regulator has barred the infamous stock operator for front-running trades pertaining to a US based FPI, directed disgorgement of illegal gains of Rs 66 crore