Manipulation via Youtube: Sebi penalises Arshad Warsi, wife, 29 others

Sebi noted that Arshad Warsi has made a profit of Rs 29.43 lakh and his wife has earned a profit of Rs 37.56 lakh

The Securities and Exchange Board of India (Sebi) on Thursday barred 31 entities, including actor Arshad Warsi, his wife Maria Goretti and promoters of Sadhna Broadcast from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company's shares.

The company's promoters who have been restrained from the securities market for their involvement are Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media. In addition, Sebi has impounded illegal gains to the tune of Rs 41.85 crore made by the entities after misleading videos were uploaded on YouTube channels.