Who's Avadhut Sathe, the finfluencer raided by Sebi

A Sebi enforcement team braved highly inclement Mumbai weather on August 20 to launch a search and seizure operation at finfluencer Avadhut Sathe's home and the academy.

- BENN KOCHUVEEDAN @Mumbai

Sathe was under regulatory radar for a long time, and the first complaint against him reached Sebi headquarters in 2023. Sebi has not named him officially or issued a statement, as has been the case when it acted against people like him.

All that Sebi whole-time member Kamlesh Varshney would tell journalists on Thursday was that: "Yes, we've carried out a big search operation on a big name in the finfluencer industry. I can't comment much further until we examine the evidence that has been collected."