SEBI flags ₹15.15 trillion accounts misstatement at Rajesh Exports; promoter barred
SEBI's interim order alleges India's largest gold jewellery exporter misrepresented 99.8% of subsidiary revenue across FY21-FY25, with the probe centred on Swiss arm Valcambi's accounts mismatch. Promoter Rajesh Mehta has been barred from trading.
SEBI's interim order alleges Rajesh Exports, India's largest gold jewellery exporter, misrepresented ₹15.15 trillion (99.8%) of subsidiary revenue across FY21-FY25. Promoter Rajesh Mehta barred from trading; probe centres on Swiss subsidiary Valcambi's accounts mismatch.