Overview

• Parekh has sought phased permission to travel from October 4, 2025 to February 3, 2026 to the UK, UAE, Singapore, Thailand, Sri Lanka, South Africa, the European Union and Georgia, citing family reasons and two weddings.
• SEBI’s filing says he has misused past travel permissions to coordinate fraudulent trades via WhatsApp groups such as “Jack-ST” and “Jack-Saro” while using multiple unregistered SIM cards and aliases including “Jack”, “Boss”, “Bhai” and “Wellwisher”.
• An ex parte interim order dated January 2, 2025 again debarred Parekh for alleged front-running, directed a deposit of Rs 65.77 crore in alleged wrongful gains and restrained trading, which prosecutors note he has not challenged.
• The regulator highlights 151 logged interactions between Parekh and Singapore-based Rohit Salgaocar through WhatsApp and internet calls and flags that Singapore is among the destinations requested.
• SEBI warns that foreign travel could ease evasion through jurisdictions without extradition treaties and through encryption or cryptocurrency, as Special Judge R. M. Jadhav is expected to rule on the plea on Tuesday under bail terms requiring court approval for overseas trips.