SAT gives partial relief to Arshad Warsi, his wife in misleading YouTube video case

The Securities Appellate Tribunal has set aside a Sebi order to ban actor Arshad Warsi and his wife Maria Goretti from the securities market with certain conditions in a case related to uploading misleading videos on YouTube, recommending investors to buy Sadhna Broadcast’s shares.

Sebi, on March 2, barred 31 entities, including the couple and promoters of Sadhna Broadcast from the securities market for involving in an alleged “pump and dump” scheme, whereby through an orchestrated scheme, the entities through a coordinated involvement made illegal gains by way of the alleged fraudulent and manipulative scheme.