SEBI opposed 2000-2001 securities scam convict, Ketan Parekh's, plea to travel abroad for four months. SEBI cited his history of misusing foreign travel permissions to engage in fraudulent trades and alleged “sinister motive” to stay abroad. Parekh, debarred from the stock market for 14 years over his role in the scam, is facing criminal charges before a special SEBI court.