ED raids Rajesh Exports over Rs 600 cr manipulation probe, 40% stock mismatch and zero CFO salary since 2020
Enforcement Directorate has raided gold and jewellery exporter Rajesh Exports, flagging Rs 600 crore suspected share price manipulation, a 40% stock mismatch and missing foreign transaction records. Executive pay irregularities — MD drawing Rs 17,000/month, CFO unpaid since 2020 — surface against Rs 7.7 lakh crore reported revenue, after SEBI barred promoters for misreporting.
ED has raided gold and jewellery exporter Rajesh Exports over irregular executive pay, suspected Rs 600 crore share price manipulation, missing foreign transaction records and a 40% stock mismatch, following SEBI's earlier order flagging revenue misreporting and barring promoters.