SEBI begins ₹18 crore recovery proceeding against 'Baap of Charts'

SEBI has initiated recovery proceedings worth ₹18 crore against influencer Mohammad Nasiruddin Ansari, owner of 'Baap of Charts'. In 2023, SEBI barred him from trading in the securities market. Ansari and his team allegedly hid a ₹3 crore trading loss over 2.5 years, duping investors under the pretext of providing educational training related to securities market and promising guaranteed returns.