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No evidence to show that Arshad Warsi induced investors in pump and dump case: SAT partly sets aside SEBI order

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No evidence to show that Arshad Warsi induced investors in pump and dump case: SAT partly sets aside SEBI order

SAT held that SEBI had passed the interim order barring Warsi and others from dealing in the securities market, without considering the essential facts.

The Securities and Appellate Tribunal (SAT) partly set aside an interim order passed by the Securities and Exchange Board of India (SEBI) barring Bollywood actor Arshad Warsi and his wife Maria Goretti from accessing the securities market.

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