The Arshad Warsi Stock Market Scandal

The Actor Arshad Warsi Stock Market Scandal

By Abhi Singh www.balakvalue.in Image Credit: Getty Images

Actor Arshad Warsi was allegedly duped of Rs 1.5 crore in a stock market scam.

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Warsi claimed that he had invested in a company that was later found to be fake.

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He alleged that the scam was orchestrated by two brokers who promised him high returns.

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Warsi filed a complaint with the Economic Offences Wing of the Mumbai police in 2013.

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The police later arrested the two brokers, who had reportedly cheated several others in a similar manner.

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The two accused were released on bail, and the case is still ongoing in court.

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Warsi claimed that the scam had a significant impact on his finances and forced him to sell his car and other assets.

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The actor has since urged people to be cautious while investing in the stock market and to do proper research before making any investments.

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