Rajesh Exports yields to SEBI: no challenge to interim order, accepts fresh forensic audit
Bengaluru-based gold jewellery major Rajesh Exports will not contest SEBI's interim order alleging ₹15.15 lakh crore revenue inflation through Swiss arm Valcambi over 2020-25. Chairman Rajesh Mehta has committed to cooperating with a new forensic audit covering 5 years of accounts and 9 unresolved queries.
Gold jewellery firm Rajesh Exports will not challenge SEBI's interim order alleging ₹15.15 lakh crore revenue inflation across 2020-25 via Swiss subsidiary Valcambi, and will cooperate with a fresh forensic audit, chairman Rajesh Mehta said.