Sebi asks this Youtuber, who gives stock market training, to deposit Rs 12 crore

Financial educator Ravindra Balu Bharti has been instructed by the Securities and Exchange Board of India (Sebi) to transfer more than Rs 12 crore, earned through illegitimate means. Bharti must deposit the funds into an interest-bearing Escrow Account in a nationalized bank. Sebi specified that the Escrow Account will hold the amount in Sebi's favour, with no withdrawals permitted without the regulator's consent.

mrsindia mrsindia
Apr 7, 2024 - 23:04
0 439
Sebi asks this Youtuber, who gives stock market training, to deposit Rs 12 crore
Financial educator Ravindra Balu Bharti has been instructed by the Securities and Exchange Board of India (Sebi) to transfer more than Rs 12 crore, earned through illegitimate means. Bharti must deposit the funds into an interest-bearing Escrow Account in a nationalized bank. Sebi specified that the Escrow Account will hold the amount in Sebi's favour, with no withdrawals permitted without the regulator's consent.