Rajesh Exports tumbles 9% in two days as ED raids deepen accounting crisis
Enforcement Directorate searched nine premises tied to alleged Rs 3,000 crore trade receivable adjustments and undisclosed African gold mining stakes. Action follows SEBI's interim order flagging Rs 15.15 lakh crore in revenue misreporting and barring promoter Rajesh Mehta, compounding pressure on the Bengaluru gold major.
Rajesh Exports shares fell 9% over two days as ED searched nine premises over alleged Rs 3,000 crore trade receivable adjustments and unrecorded African gold mining investments, following SEBI's interim order alleging Rs 15.15 lakh crore revenue misreporting and barring promoter Rajesh Mehta.