SEBI bans YouTuber Ravindra Balu Bharti for investment scam, fines ₹9.5 crore
New Delhi: The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute, from accessing the securities market until April 4, 2025. The action follows allegations of running an unregistered investment advisory business.
SEBI has also directed Bharti and his firm to refund ₹9.5 crore earned through unauthorised activities. Bharti, who has over 19 lakh subscribers across two YouTube channels, reportedly lured inexperienced investors with trade recommendations, investment advice, and execution services.
According to SEBI, Bharti’s company promoted "high returns" without disclosing associated risks and operated without mandatory registration. The regulator highlighted manipulative tactics, including selling multiple investment plans to individual investors, limiting their autonomy in decision-making.
In addition to the repayment order, SEBI has imposed a ban on Bharti, his company, and associates from engaging in any securities market activity until April 2025. They are also prohibited from offering investment advisory services without proper registration. A further penalty of ₹10 lakh has been levied on Bharti and his associates.
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BJP MLC CT Ravi booked for making obscene remarks on Min. Lakshmi Hebbalkar
Belagavi: An FIR has been lodged against Bharatiya Janata Party MLC CT Ravi at the Hirebagewadi Police Station here on charges of using obscene and derogatory language against Minister Lakshmi Hebbalkar in the Legislative Council on Thursday.
Ravi reportedly made the remarks during a protest by Congress members over Union Home Minister Amit Shah's alleged statement about Dr. B.R. Ambedkar. Congress leaders filed a complaint with Speaker Basavaraj Horatti, demanding C.T. Ravi's suspension, criminal action, and arrest.
ALSO READ: BJP MLC CT Ravi accused of using derogatory word against Minister Hebbalkar in Legislative Council
Chief Minister Siddaramaiah condemned the incident, stating that the use of such obscene language amounts to a criminal offense and sexual assault.
Meanwhile, KPCC President and Deputy Chief Minister D.K. Shivakumar, and several senior Congress leaders, including Law Minister H.K. Patil, Council Leader N. S. Boseraju, and others, met Speaker Basavaraj Horatti to press for action against C.T. Ravi. They were joined by Congress MLAs Nayana Motamma, Rupa Shashidhar, and Annapurna Tukaram, demanding strict action against the BJP leader for his remarks.
