Supreme Court allows Ketan Parekh to go aboard

New Delhi, Oct 1 (IANS) The Supreme Court Friday permitted former stock broker Ketan V. Parekh, one of the key players in the mid-1990s’ securities scam, to travel abroad for two months for the treatment of his ailing daughter.

Overruling objections of Additional Solicitor General Harin Rawal, appearing for the Central Bureau of Investigations (CBI), a bench of Justice Harjit Singh Bedi and Justice C.K.Prasad granted Parekh the permission.

Parekh’s daughter Venessa, 20, is suffering from post-viral encephalitis since she was one and half months old.

When the court asked what were the CBI’s grounds for opposition, Rawal said Parekh has been convicted in a case and he may not return.

Parekh’s counsel Kamini Jaiswal said that earlier also after his conviction, Parekh went abroad and came back. She offered to provide the court with the itinerary of her client and the addresses of the places where he would be staying.

The apex court said Parekh would be allowed to leave the country after he submits the details of his travel schedules to the trial court.

The two months for travel will be counted from the date the trial court will clear his travel plan, the court said.

Parekh and two others have been sentenced to a year in jail each for siphoning Rs.477 million from a Canara Bank subsidiary in the 1992 scam.