India's markets regulator on Thursday alleged that former stockbroker Ketan Parekh and 21 others made millions of dollars in illegal trade gains by using inside information from an unnamed overseas entity.

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,

Ketan Parekh was earlier banned by SEBI in 2003 for 14 years for insider trading and price rigging. Read more at straitstimes.com.

Sebi has barred Ketan Parekh and two others from securities markets for front-running, involving illegal gains of Rs 65.77 crore.

The market regulator also impounded Rs 65.77 crore gained wrongfully by Parekh, Rohit Salgaocar, a Singapore-based trader, and others through the scam.