by the government to an interim board to oversee revival of the scandal-hit IT company.
Besides, Parekh also served as Chairperson of Sebi's Primary Markets Advisory Committee during Bhave's tenure, while he was also on a committee on bond markets.
"I have not known anyone as clean as Bhave. I have worked with him in different capacities. Being in financial world, I worked with Bhave for many years and I can say that I've never met anyone as upright. He is clean as a whistle and CBI is going after the wrong person," said Parekh.
Parekh, however, dismissed suggestions that the latest CBI move could be part of some larger political conspiracy ahead of general elections.
"I don't see that possibility," he said, when asked whether the bureaucrats and regulators were being targeted as part of some conspiracy ahead of elections.
"Asserting that CBI was "going after a wrong person," Parekh said he had "heard of some cases when he (Bhave) was pressurised to do things which were not right and to give favours to people, but he never heeded to any of them.
"He never did anything wrong and he did not even get an extension as Sebi Chairman."
"So many people including Jairam Ramesh have criticised the move and you can ask anyone who has had working relationship with him and he would say the same thing," he added.