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Parekh denied bail

Calcutta, Feb. 13: Calcutta High Court on Thursday rejected the bail plea of Ketan Parekh, arrested for his alleged involvement in the Rs 120-crore Calcutta Stock Exchange scam.

Parekh was first arrested in Mumbai on December 2. The Mumbai Metropolitan Magistrate had granted him bail with a condition to appear before its counter part at Calcutta by December 20.

Calcutta Police finally arrested him on January 20.

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