SEBI bars Rajesh Exports chief; auditors missed Rs 15 lakh crore misreporting across FY21-FY24
India's largest gold jewellery exporter under regulatory scanner after SEBI flagged fictitious trades, opaque netting, and missing supporting documents that auditors PV Ramana Reddy & Co and BSD & Co failed to challenge. Wider probe ordered into FY21-FY24 books.
SEBI found auditors of Rajesh Exports, India's largest gold jewellery exporter, failed to flag fictitious trades and Rs 15 lakh crore in misreporting across FY21-FY24. The regulator barred the company's chief and ordered a wider probe.
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- Moneycontrol — Same time