The Securities and Exchange Board of India (Sebi) on Thursday barred several social media influencers from the securities market and impounded their unlawful gains, in connection with pump-and-dump schemes in shares of Sharpline Broadcast and Sadhna Broadcast.
Arshad Warsi and his wife Maria Goretti Warsi profited ₹29.43 lakh and ₹37.56 lakh respectively from the scheme, Sebi said. Besides the Warsis, Sebi’s two interim ex-parte orders also restrained another 29 individuals from buying, selling or dealing in securities either directly or indirectly until further orders.
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