Rajesh Exports: SEBI Flags 97-99% Revenue Inflation, Bars Promoter

SEBI alleges 97-99% of Rajesh Exports' revenue over five years was inflated — about ₹15.15 lakh crore.

Promoter-chairman Rajesh Mehta barred from securities markets; a fresh forensic audit ordered.

₹3.39 billion of company funds allegedly routed to Mehta's personal accounts for derivative trades.

SEBI pegs shareholder wealth erosion at roughly ₹12,726 crore, hitting small investors hardest.

This was once a Fortune Global 500 firm that owns Switzerland's Valcambi, the world's largest gold refiner.

Read the full story on GeneralNews Read full article →