Actor Arshad Warsi and his wife Maria Goretti have found themselves in a soup among 45 other people and companies. The Securities and Exchange Board of India (SEBI), according to reports, barred them from taking part in the securities market on Thursday. Reports claim that some people have made fake and deceptive YouTube recommendations encouraging investors to purchase shares in Sadhna Broadcast Ltd. and Sharpline Broadcast Ltd. to make tremendous profits.
According to the media portal, there are two different interim orders outlining the results of the inquiry, and SEBI has confiscated unlawful earnings totaling 54 crores that were made as a result of the deceptive films. According to the order, Warsi made a profit of 29.43 lakh rupees, Goretti made a profit of 37.56 lakh rupees, and Iqbal Hussain Warsi made a profit of 9.34 lakh rupees. They have been categorized by SEBI and many other organizations as volume creators.
The Jolly LLB actor took to his Twitter handle to issue clarification on the matter. He wrote, “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 other, lost all our hard earned money.” However, the actor was badly trolled for his poor choice of words.
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