SEBI Bars Arshad Warsi, Wife in Sadhna Broadcast Pump-and-Dump Case

The Securities and Exchange Board of India (SEBI) has barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 others from the securities market for one to five years for their role in a pump-and-dump scheme involving Sadhna Broadcast shares.

The couple allegedly promoted the stock through misleading YouTube videos and coordinated trades, inflating prices before selling.

Warsi made ₹41.7 lakh and Goretti ₹50.35 lakh in illegal gains. Both have been fined ₹5 lakh and ordered to return their unlawful gains.

In total, SEBI has directed all 59 entities to disgorge ₹58.01 crore in illegal profits, along with 12% annual interest until full repayment.