SEBI orders financial influencer Ravindra Bharti to deposit ₹12 crore for unlawful gains, bans involvement in investment advisory.

India's market regulator, SEBI, ordered financial influencer Ravindra Balu Bharti to deposit over ₹12 crore ($1.6 million) in an interest-bearing escrow account after investigating unlawful gains. SEBI found that Bharti's firm, RBEIPL, was operating an unregistered investment advisory business, compromising investor confidence and abusing the system for personal gains. Bharti and his associates are temporarily banned from providing investment advisory services or dealing in securities.

Articles

Times of India

The Week

Hindustan Times

The Hindu

Free Press Journal

ANI

-- show less --

Related Stories