Rajesh Exports Files 10-Point Reply To SEBI, Denies Rs 15.15 Lakh Crore Revenue Misrepresentation
Gold jewellery maker Rajesh Exports rejected SEBI allegations of revenue inflation and fraud, attributing the disputed Rs 15.15 lakh crore figure to its Swiss subsidiary Valcambi. The company also denied claims related to LIC share placement in its formal clarification.
Gold jewellery maker Rajesh Exports issued a 10-point clarification to SEBI, rejecting allegations of revenue misrepresentation. It attributed the Rs 15.15 lakh crore figure to its Swiss refinery Valcambi and denied fraud, inflated revenues, and LIC share placement claims.