Sebi Imposes 5-Year Ban on Actor Arshad Warsi and 58 Others for Sadhana Broadcast Market Manipulation, ET LegalWorld
Regulators
3 min read
Sadhana Broadcast: Sebi bans actor Arshad Warsi, 58 others from mkts for up to 5 yrs
Securities and Exchange Board of India took action against Arshad Warsi and others. They are barred from the market for manipulating Sadhana Broadcast shares. The regulator found misleading YouTube videos promoted the stock. Warsi and his wife, Maria Goretti, face penalties. Other entities are also fined and must return illegal gains.
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