Actor Arshad Warsi and Wife Banned by SEBI for Misleading YouTube Videos

Actor Arshad Warsi and his wife, Maria Goretti, have recently found themselves in a significant legal predicament. They have been banned by the Securities and Exchange Board of India (SEBI) for their role in a case centered around stock price manipulation. This one-year ban is part of a larger directive that impacts multiple entities involved in similar misconduct.

The nature of the ban stems specifically from their participation in a pump-and-dump scheme associated with Sadhna Broadcast Limited. This scheme reportedly involved artificially inflating the stock price of Sadhna Broadcast before the couple and their associates sold off their shares for profit. Such actions are classified as serious violations of market regulations.

Moreover, SEBI discovered that Arshad Warsi and Maria Goretti, among others, used misleading YouTube videos to promote shares of Sadhna Broadcast. These videos misled retail investors into purchasing stocks under false pretenses. The regulatory body has thus issued not only a ban but also imposed fines of ₹5 lakh each on both Warsi and Goretti for their questionable activities.

This situation raises critical awareness about the broader implications of regulatory oversight in the securities market. The action taken by SEBI against a total of 57 entities highlights a crackdown on market manipulation practices, emphasizing the urgent need to safeguard investors from misleading online content and social media influences.

For more detailed information regarding this case and SEBI's regulations, you can visit SEBI's official website.