ED searches Rajesh Exports in Bengaluru after SEBI flags Rs 15.15 lakh crore misstatement

Enforcement Directorate raided Rajesh Exports' Bengaluru premises following a SEBI interim order alleging financial misstatements of Rs 15.15 lakh crore. The gold and jewellery major contests the findings, citing subsidiary Valcambi's global bullion business as the source of its outsized revenues.

— Filed Thu, 25 Jun, 2026, 01:48 IST · Source Moneycontrol · Results · Updated

ED searched Rajesh Exports' Bengaluru premises following SEBI's interim order flagging alleged financial misstatements of Rs 15.15 lakh crore. The gold exporter and jewellery manufacturer disputes the findings, attributing high revenues to subsidiary Valcambi's global bullion business.

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