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Reading: Sebi cracks down on fininfluencer Asmita Patel & 5 others, confiscates unlawful positive factors over ₹53 crore
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StockWaves > Market Analysis > Sebi cracks down on fininfluencer Asmita Patel & 5 others, confiscates unlawful positive factors over ₹53 crore
Market Analysis

Sebi cracks down on fininfluencer Asmita Patel & 5 others, confiscates unlawful positive factors over ₹53 crore

StockWaves By StockWaves Last updated: February 8, 2025 1 Min Read
Sebi cracks down on fininfluencer Asmita Patel & 5 others, confiscates unlawful positive factors over ₹53 crore
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Market regulator Sebi has banned fininfluencer Asmita Patel and 5 others from the market whereas impounding unlawful positive factors exceeding ₹53 crore.

Sebi issued an interim order cum present trigger discover handed on Thursday, February 6 that prohibited six entities, together with Asmita Patel International Faculty of Buying and selling Pvt Ltd (APGSOT), Asmita Jitesh Patel, Jitesh Jethalal Patel, King Merchants, Gemini Enterprise and United Enterprises, from the capital market.

The market regulator requested the accused entities for a proof on why one other ₹104.63 crore shouldn’t be collected as charges for numerous programmes and shouldn’t be seized.

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