Rajesh Exports faces auditor independence questions over Swiss arm's accounts
Documents reviewed by Mint raise concerns over Rajesh Exports' audit trail, with a non-statutory KPMG Switzerland opinion for its Swiss arm Global Gold Refineries possibly used to prepare consolidated financials—drawing scrutiny on auditor independence amid SEBI interest.
Documents reviewed by Mint raise questions over Rajesh Exports' audit trail, with a non-statutory KPMG Switzerland opinion for its Swiss arm GGR possibly used to prepare consolidated financials, prompting auditor independence concerns.
Why this matters
Follows ED scrutiny of Rajesh Exports over a Rs 600 cr manipulation probe, a 40% stock mismatch, and Rs 7.7 lakh cr cumulative revenue alongside an unpaid CFO since 2020—now extending to auditor independence.
Retail-company signals steady at 3,979 over the past 90 days.