Rajesh Exports denies SEBI's revenue inflation, LIC placement allegations as 'speculative'
Bengaluru-based jeweller pushed back on SEBI's 109-page interim order, defending Valcambi SA subsidiary revenues and rejecting claims of dubious LIC share placement. Company says it is addressing regulator's concerns with documentation.
Rajesh Exports rejected SEBI's interim order allegations of inflated revenues and dubious LIC share placement as speculative. The Bengaluru jeweller defended Valcambi subsidiary revenues, denied wrongdoing, and said it is addressing SEBI concerns with documentation.