Sebi launches Rs 18 crore restoration proceedings towards ‘Baap of Charts’ finfluencer, others
Sebi’s crackdown on Ansari and his agency follows a 2023 ban from buying and selling within the securities market.
The regulator discovered Ansari appearing as an funding adviser with out registering with it. Within the October order, the market watchdog held that Ansari was selling himself as a inventory market skilled on varied social media platforms and luring traders to enrol for varied ‘academic programs’ supplied by him and inducing them to spend money on securities market by promising them the prospect of creating income with close to certainty if the advice is adopted.
Sebi issued demand notices to them on Might 29, 2025 demanding cost of the quantity together with curiosity, prices, and bills, inside 15 days of receiving the discover.
Furthermore, the Restoration Officer had issued an Attachment Order on July 08, 2025 in respect of all demat accounts/all funds/folios/schemes held by the them. The officers additionally hooked up the defaulters’ financial institution accounts together with lockers, by way of a separate order.
Sebi issued one other order on August 22, 2025 directing the banks to remit the quantity out there within the defaulters’ financial institution accounts to Sebi.The Mutual Funds had been additionally directed to redeem the models of mutual funds held of their title and to remit the quantity to Sebi.
Additionally Learn: Sebi fines ‘Baap of Chart’ Rs 17.2 crore
“The Hon’ble SAT, via an order issued on September 9, 2025, directed Mr. Rahul Rao Padamati to remit 50% of the funds he obtained, amounting to Rs. 1.20 Crores, inside a interval of 4 weeks from the date of the aforementioned order. Nonetheless, Mr. Rahul Rao Padamati has did not adjust to this directive,” a four-page order issued on Monday stated.
The Sebi order additionally famous that the quantity of their checking account was inadequate to pay their dues in full, thus prohibiting them from disposing, transferring, alienating, or charging all of the immovable and movable properties they held.
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