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.

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 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,

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