Sebi uncovered a sophisticated front-running scheme involving Ketan Parekh and Rohit Salgaocar, using confidential information from a US fund. They illicitly profited ₹65.77 crore. The 18-month investigation revealed a coordinated network exploiting insider information, leading to show-cause notices and impounding of unlawful gains. Sebi barred Parekh and Salgaocar from trading.
