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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Goa MLA blames idli-sambar for ‘decline’ in international tourist numbers in coastal state
Panaji, Feb 27 (PTI): The sale of idli-sambar in beach shacks is causing a “decline” in international tourist footfall in Goa, claimed BJP MLA Michael Lobo on Thursday.
Addressing a press conference at Calangute in North Goa, Lobo said the government alone cannot be blamed if fewer foreigners visit the coastal state as all stakeholders are equally responsible.
Lobo rued that Goans have rented their beach shacks to businessmen from other places.
“Some people from Bengaluru are serving ‘vada pav’ in the shacks, some are selling idli-sambar. (That's why) International tourism has been declining in the state for the past two years," he said.
The legislator, however, did not elaborate on how the popular South Indian breakfast dish is affecting tourism in his state.
“There is a hue and cry because of the drop in tourist numbers. In the coastal belt, be it North or South, there has been a sharp fall in the arrival of foreign visitors. A lot of factors are responsible for this,” Lobo said.
Everyone, as stakeholders, should bear the responsibility for it, he said.
Lobo said some foreigners visit Goa every year, but younger tourists from abroad are going away from the state.
“The tourism department and other stakeholders should hold a joint meeting and study the reasons why foreign tourists are not ready to come to Goa,” he said.
Lobo said because of the war, Russian and Ukrainian tourists have stopped coming to Goa. “The tourists from former USSR countries have stopped visiting Goa,” he said.
The MLA said the state should sort out the crucial issues concerning tourism, including differences between the cab aggregators and local tourist taxi operators.
“If we don’t put a system in place, we will see dark days in the tourism sector,” he cautioned.
