Rajesh Exports says ED search ends clean; no inventory or cash discrepancies found
The Bengaluru-based jewellery major said the Enforcement Directorate's search at its premises concluded without finding any discrepancies in inventory or cash. The action followed FEMA allegations and a parallel SEBI probe into suspected revenue inflation of up to ₹15.15 lakh crore. Shares slipped 4.96% to ₹97.75.
Rajesh Exports said ED's search at its premises concluded with no discrepancies in inventory or cash, following allegations of FEMA violations, missing foreign transaction records, and SEBI's probe into suspected revenue inflation of up to ₹15.15 lakh crore.