Avadhut Sathe SEBI Raid Explained | Media Reports of a ₹500 Cr+ Case

0:00 Avdhoot Sathe. Friends, today we will talk about the person who sold dreams to the common people in the name of financial education and today those dreams are being accounted for till 6:30 in the morning. There is a city named Karjat in Maharashtra, about 100 km from Mumbai and Pune. It falls at a distance of. Sir's academy is among them. There is a knock on the door of that academy. The rain is heavy. Some team is ready. What work have you come for? SEBI's Deputy General Manager has come to lead an operation. This one is very rare and comes in a Red Zora case with officials. This search and seizure operation continued for two days. Devices, records, trading data were all taken. This was not a routine notice game. This was a planned action.

0:47 According to media reports, there could be investigation into the illegal gains of Avdhoot Sathaye ranging from ₹400 to ₹500 crores. It will go deep now. Social media content is currently being examined. And yes, the initial order was about to come, but the regulator Nabi chose that the raid would be conducted. To tell you the truth, this scene will be shocking for many. But the anxiety that a fake influencer must be feeling today is many times more than the pain of those people who have invested their savings and their faith in these magical and apparently always profitable courses. There is no problem in studies. Teaching is a good thing. But what exactly happened in this case ? [MUSIC] Meet Avdhoot Sathe. This gentleman sends different types of

1:33 courses. The name is like Jio Get Edge Over Others. Their four-month online program costs around ₹85,000. Jio Paranormal costs around ₹7,000. Jio Plus costs around ₹2 lakh. Their mentorship is worth around ₹5 lakh. He has also earned a good amount of money from training in the last four years. These are official numbers from the MCA Ministry of Corporate Affairs website. In 2020-21, only around ₹1 crore 74 lakh was earned. In 2021, however, there is a lot of money in it. But now I will tell you the further numbers. ₹37 crores in 2021-22 Around 884 crores in 2022-23 Around 115 crores in 2023-24 The

2:20 number for 2024-25 is not available yet, but it is an estimate, our estimate is, it is our opinion, it may be close to 200 crores. The problem is not in teaching, not in training, but the way in which things are said, how FOMO is created, people's mind is spoiled, the problem is with that, now in this case, apart from teaching, Avadhu Sathe, in connivance with the operators of penny stocks, was accused of pushing them and making them invest the money of his own students. Stocks were boosted. Even stocks are those whose value is less than ₹ 10. No one has any interest or attention in these stocks for that matter. But now the second thing is that they take separate money for teaching, as per media reports. They are involved in penny stocks. Now front running is being done with these penny stocks by investing money in them.

3:07 Pump and dump scam is going on. Circular trading is taking place. That is something forbidding to investigate. But if Avdhu Sathe is involved in this then this money, this scam, this value will go to a different level. Meaning, Avadhu Satte was using his own students as scapegoats. Their social media, YouTube channels and website are still running and could be shut down anytime as the investigation progresses. Well, a very senior whole time member of SEBI, Kamlesh Vasne ji had recently said in an event that a big name of the industry has been targeted. The intent is to create deterrence. A solution has to be found. If you misguide people in the name of education without SEBI license then action will be taken. But why such a big step in this case ? See what happens normally is that whenever the regulator sees any such violation then it

3:54 sends a show cause notice (SCN). Then after that the dates are extended and talks take place. But here the evidence had to be secured. Devices, chats, ledgers, there was a risk that the proof could be tampered with. Therefore, a search and seizure operation was conducted in this case. Section 11C of SEBI regulations allows SEBI. Using these types of search and seizure operations, carrying them out. This doesn't mean it was a stunt. Permissions were taken from the court. The procedures were followed as per norms. The raid was executed properly. Proper planning was done before that. The job was to preserve evidence. Capturing the scammers was also a task. Now what signal does Seva want to give? The regulator has openly said that impact matters. Action on big names gives a big message to the market.

4:41 Marketing of tips, live calls or ash returns without registration is absolutely wrong. It is absolutely wrong to do any separate advice work or account handling in the name of education. Glamorizing the youth or pulling them into the market and then actually leaving them to their own devices just to look after one's earnings is also wrong. And with these kind of rates we can understand that it is not just about money and pain, although it should be, but the disrespect that these kinds of people face in society because of these kinds of acts and rates. Mental stress arises. This is all part of the detention. The name ends. The brand collapses. And honestly, as per the number of people whose lives have been ruined because of this, this is minimal. Your name will become a synonym with fraud. By taking such steps, SEBI wants to set an example that you should

5:28 understand, listen and be afraid, otherwise the same will happen to you too. Later on, you will not tell yourself even by mistake that we used to work in the stock market. And earlier also a monetary fine of ₹53 crore has been imposed against Asmita Patel. An overall penalty of ₹14 crore may be imposed in future. A penalty of Rs 17 crore was imposed against father Upchar Mohammad Nasir. Apart from this, many more influencers have come. There used to be a research analyst named Harendra Sahu. His RA license was also cancelled. Then there are many other people involved in the recent past with whom such exemptions have been made. Friends, we have to understand that this story is not about an academy. This is a pattern. Capture the trust first. 30 years of experience will build the community. Our family, our commission, photographs of the batch, success stories,

6:13 these videos on their channels, then creating scarcity and urgency, limited seats, fees are going to increase. That means, after this next group that is coming , we will not conduct classes at all. Classroom, Live Chats on Telegram, YouTube and from there, training on specific scripts through specific examples. And when the questions come how are you doing it? So one would wash one's hands off the matter by saying that it was only for educational purposes. And a common man has no idea what is going on behind the scenes. The stocks which are being told to them. Is there any collusion with the owners of those companies ? Is this an attempt to carry out a scam to push those stocks up ? Has a position already been created in small stocks and a front running scam is being carried out by making students do the same trades?

6:59 If the regulator receives a collision trace from the operator or sees a front running pump end up style trail then the investigation moves to the next gear. In this case, you must understand that you will not be let off with a small penalty or a small value. Stebby's strategy now is on quality hits. Grab the big prizes. Give a message to the industry. This action happened today. It could happen to someone else tomorrow. And this ongoing crackdown isn't just a headline. Hopefully, I am assuming this. Well, what will happen next? Now after this raid, an order will come in which restrictions, suspensions, disgorgement, the amount earned can be returned along with interest of 12%, 18%, monetary penalty can also come separately, which according to

7:46 me should be at least 30 to 40% on top of that. In high profile cases we have seen PR worth ₹6 crores happening like in Sundar's case. We have also observed other values over a period of time. But what is our own expectation or opinion in this case? If this eligible scale of Rs 400-500 crore is even partially sustained, there should be a heavy disclosure. Interest up to 18% should be charged and significant penalty as mentioned above should be charged i.e. 30 to 40%, 50%, only then it becomes an example. Otherwise, generally fake influencers or these types of scammers feel that they have to give back as much money as they have earned. I will give it. We will hide some money later. I will take it in cash. Will show you some other business also. I will change the account. I am saying all this with the hope that this crackdown

8:33 becomes regular and does not send wrong signals to the settlement culture. However, all the people who were caught before this did not get a chance to return. And you guys should also understand friends that the biggest asset in the market is your trust. Those who try to sell that trust, their shop should be closed. There has been a raid today. An order will arrive tomorrow. The real work is ours. Insist on verification. Check the SEBI license and do not trust the license holder blindly. Guaranteed returns, someone else's profit screenshot, account handling cannot be done even by those with SEBI license. Stay away from second high. Especially when someone promises overnight success. Showed his own cars and watches. These are all pretenses. A rich man knows how to laugh. An empty vessel makes more noise.

9:20 Look at me, look at me. He screams. Be the owner of your own risk. Because the loss is yours, not the influencer’s. If you are a victim, document your case , email, keep receipts, complain to Chat Lock Investor Helpline. The regulator becomes strong only when your voice is on record. And I would like SEBI to take this case to the end. Not just money, a systematic message should be sent. And scammers must be scared now after seeing this video. I don't think so. If you are laughing then your time will also come. No one knows who's going to knock at your door next time. That's it for now in this video. Now we will keep telling you in the video what will happen to Satthe in future. For now, the rate has been set on this gentleman's house.

10:07 Whatever kind of documentation, their software proofs, hardware, computers, laptops, mobiles, everything has been configured. His name has appeared in penny stocks. The names of the companies that were involved will also be revealed. Where does it go? Only time will tell what kind of scam turns out to be. But the only thing you can do is be aware and make sure that at least you are going in the right direction. That's it for now in this video. See you soon in the next video. B bye.