Rajesh Exports hits 5% lower circuit as ED alleges FEMA breaches, gold stock mismatch
Bengaluru jeweller's stock fell to ₹97.02 after ED searches across 9 locations flagged a 40% gold stock mismatch and missing trade records for FY21-FY25, compounding SEBI's claim of ₹15.15 lakh crore inflated revenue via Swiss unit Valcambi.
Rajesh Exports stock hit a 5% lower circuit at ₹97.02 after ED searches alleged FEMA violations, missing trade records, and a 40% gold stock mismatch, following SEBI claims the jeweller inflated revenue by ₹15.15 lakh crore via Swiss unit Valcambi.