Influencer Ordered To Pay Rs 12 Crore, Here's Why
SEBI's directive extends beyond Bharti himself, encompassing RBEIPL and several other associated individuals. As part of the interim order, SEBI has barred them from offering investment advisory services or participating in securities trading activities until further notice.
In a bid to safeguard investor interests and maintain market integrity, the Securities and Exchange Board of India (SEBI) has taken decisive action against a financial influencer, requiring the return of unlawfully acquired gains totaling over ?12 crore.
The individual at the centre of SEBI's scrutiny is Ravindra Balu Bharti, known for his role as the founder of Ravindra Bharti Education Institute Pvt. Ltd. (RBEIPL), established in collaboration with his wife, Shubhangi Bharti, in 2016. RBEIPL operates in the domain of stock market education under the brand "Bharti Share Market."
SEBI's directive extends beyond Bharti himself, encompassing RBEIPL and several other associated individuals. As part of the interim order, SEBI has barred them from offering investment advisory services or participating in securities trading activities until further notice.
The regulatory investigation uncovered a series of deceptive practices wherein investors were lured with promises of exceptionally high returns, reaching an alarming 1000 per cent.
In response to these findings, SEBI emphasized the importance of maintaining transparency and disclosure in the capital market to uphold investor confidence. The regulator's measures aim to ensure that India's capital market continues to grow sustainably, fostering trust and reliability among the investing public.
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