Mumbai| Bollywood star Arshad Warsi, known for his performances in movies like ‘Munna Bhai MBBS’, ‘Golmaal’ & ‘Ishqiya’, issued a clarification on Twitter. On Thursday hours Securities and Exchange Board of India (SEBI) banned the actor and his wife Maria Goretti from the securities market in connection with a YouTube pump-and-dump scheme.
In a tweet, the 54-year-old actor said he and his wife Maria Goretti have no knowledge about stocks and invested in Sadhna Broadcast Limited after taking advice.
“Please do not believe everything you read in the news. Maria and my knowledge about stocks is zero, took advice and invested in Sharda [Sadhna], and like many others, lost all our hard earned money,” Arshad Warsi said.
Apart from Arshad, Securities and Exchange Board of India (SEBI) barred 31 entities, including actor Arshad Warsi, his wife Maria Goretti, YouTuber Manish Mishra and promoters of Sadhna Broadcast – Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media – from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company’s shares.
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