New Delhi, May 30 -- Bollywood actor Arshad Warsi, his wife Maria Goretti and 57 others have been barred by the stock market regulator Securities and Exchange Board of India (SEBI) from accessing the Indian equity market for a period of up to five years in a stock manipulation case.

The case pertains to Sadhna Broadcast Ltd (SBL) - a little-known company whose shares were artificially inflated and offloaded onto unsuspecting retail investors through a coordinated stock manipulation scheme.

The regulator imposed a fine of Rs.5 lakh each on Warsi and his wife Maria. The couple were restrained by the markets watchdog from the securities market for 1 year, the SEBI order on Thursday evening said.

More to come.

Published by HT Digital Cont...