ED flags Rajesh Exports: Rs 7.7 lakh cr revenue, but CFO unpaid since 2020, MD on Rs 17,000/month
Enforcement Directorate has questioned the authenticity of Bengaluru-based jewellery and gold refining major Rajesh Exports' Rs 7.7 lakh crore cumulative revenue, citing implausibly low executive compensation — nil CFO salary since 2020 and MD drawing just Rs 17,000 per month — as a governance red flag.
ED has flagged governance irregularities at Bengaluru-based jewellery and gold refining major Rajesh Exports, questioning the authenticity of its Rs 7.7 lakh crore cumulative revenue alongside implausibly low executive pay — nil CFO salary since 2020 and MD drawing Rs 17,000/month.