SEBI Bars Arshad Warsi, Wife From Securities Market for Role in Pump and Dump Scheme

SEBI bars Arshad Warsi, wife from securities market for role in pump and dump scheme

In March 2023, Sebi had barred the Warsis in an interim order, but SAT later granted them partial relief.

Explained: Why Arshad Warsi, wife Maria Goretti were banned by Sebi for 1 year

Arshad Warsi and Maria Goretti bought shares of Sadhna Broadcast Limited (now known as Crystal Business System Ltd) from other individuals who were also named in the Sebi order.

SEBI Imposes Ban On Arshad Warsi, 58 Others Form Markets Over Alleged Pump-And-Dump Scheme

Sebi has unveiled a stock manipulation scheme involving Sadhna Broadcast, with allegations pointing towards the use of WhatsApp messages to coordinate the scheme

Sebi bars Bollywood actor Arshad Warsi, his wife and 57 others from securities markets for 1-5 years

Sebi has also levied penalties of Rs 5 lakh to Rs 5 crore on 57 other entities, including promoters of Sadhna Broadcast

Why did SEBI bar Arshad Warsi, wife Maria Goretti and 57 others from markets? Know here

Capital market regulator Sebi has barred Bollywood actor Arshad Warsi and his wife Maria Goretti from the securities markets. 57 others have also been barred for periods ranging from 1 to 5 years. The action by Sebi comes in a case related to misleading videos on YouTube channels, wherein the recommended investors to buy shares of Sadhana Broadcast. The regulator has also imposed a fine of Rs 5 lakh each on the actor and his wife Maria. The mark…

SEBI Bans Arshad Warsi, His Wife and 57 Others from Stock Market for 5 Years in Sadhna Broadcast Scam

SEBI Bans Arshad Warsi, His Wife and 57 Others from Stock Market for 5 Years in Sadhna Broadcast Scam The Securities and Exchange Board of India (SEBI) has banned actor Arshad Warsi, his wife Maria Goretti, and 57 other people from trading in the stock market for one to five years. This punishment comes after […]