New Delhi, Oct 1 (IANS) The Supreme Court Friday permitted former stock broker Ketan B. Parekh, who has been convicted of money laundering, to travel abroad for two months for the treatment of his ailing daughter.

The apex court said he would be allowed to leave the country after he submits the details of his travel schedules to the trial court.

The two months for travel will be counted from the date the trial court will clear his travel plan, the apex court said.

Ketan Parekh and two others have been sentenced to a year in jail each for siphoning Rs.477 million from a Canara Bank subsidiary in a 1992 scam.