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SEBI Action on Arshad Warsi: Big news related to Securities Exchange Board of India (SEBI) is coming out. In fact, SEBI has banned Bollywood actor Arshad Warsi and his wife Maria Goretti for trading in the stock market. After which Arshad Warsi has presented his clarification. Know why this action has been taken on them. What has he said about this.
what did warsi say on twitter
Actor Warsi has given his reaction for the first time on SEBI’s action in Share Pump & Dump. He has expressed his pain on Twitter regarding the ban on trading in the stock market against him and his wife Maria Goretti. He has written on Twitter that, me and my wife have no knowledge about the stock market and like other investors, my hard earned money has been lost in a jiffy.
SEBI banned trading
Earlier, Sebi completely barred Sadhna Broadcast Promoters Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media from trading in securities market besides Arshad, Maria, YouTuber Manish Mishra. Is. All of them have been found guilty of posting misleading videos to investors through YouTube and increasing or decreasing the price of shares of a particular company.
information on twitter
Please do not believe everything you read in the news. Maria and my knowledge about stocks is zero, took advice and invested in Sharda, and like many others, lost all our hard earned money.
— Arshad Warsi (@ArshadWarsi) March 2, 2023
Bollywood actor Arshad Warsi has written on Twitter that, please don’t believe the news going on about me. Mary and Maria’s knowledge about the stock is zero. Like other investors, we also took advice and invested in Saradha. Just like other investors lost their money, in the same way I have also lost my earnings. Despite this, action is being taken against me.
how much was earned
SEBI’s interim order states that Arshad Warsi has earned a profit of about Rs 29.43 lakh from the Share Pump & Dump case. And his wife Maria has made a profit of Rs 37.56 lakh. Despite this, Arshad claims that he has no knowledge about the stock market.
what is the whole matter
SEBI received a complaint that certain entities were rigging the share prices of Sadha Broadcast Limited and Sharpline Broadcast. Their sales have also increased. After this SEBI started investigation and it has been found that some people are trying to increase the value of shares of these companies illegally. When their price becomes very high, they earn huge profits by selling the shares kept with them. Many YouTube videos are misleading investors in this matter.
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