Mumbai: Many people, including Bollywood actor Arshad Warsi and his wife Maria Gorty, were banned from trading in the Indian stock market.
According to foreign media, the market regulator has said that the decision was made after an investigation into allegations of price manipulation.
According to reports, the market regulator said that the videos on social media on 4 channels were used to inflate the prices of some shares.
According to the Securities and Exchange Board of India (SEBI), some people uploaded false and misleading videos on social media inviting investors to buy shares of Sadhana Broadcast Limited and Sharpline Broadcast Limited for exorbitant profits. The advice was given.
According to SEBI, Arshad Warsi earned Rs 29 lakh and his wife Rs 37 lakh.
According to the Indian media, actor Arshad Warsi, who is involved in the case with his wife, has denied the allegations.
On Thursday, Arshad Warsi tweeted, “Please don’t believe everything in the news, Maria and I have zero knowledge of stocks.”
Arshad Warsi wrote that we invested in Sharda after taking advice and like many others our hard earned money was wasted.
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.
— Arshad Warsi (@ArshadWarsi) March 2, 2023