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Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
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economictimes.indiatimes.com
Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading
Rajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible revenue inflation of 97-99%. The regulator…
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thehindubusinessline.com
SEBI bars Rajesh Mehta from trading in Rajesh Exports shares
SEBI restricts Rajesh Mehta from trading in Rajesh Exports shares due to serious financial misrepresentation and ongoing investigations.
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Sebi bars Chairman Mehta from trading in Rajesh Exports shares
Securities and Exchange Board of India has barred Rajesh Mehta, chairman of Rajesh Exports, from trading company shares. A forensic probe uncovered alleged revenue inflation and…
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Rajesh Exports shares hit 5% lower circuit after Sebi says 97-99% revenue inflation. Check key details
Sebi has issued an interim order against Rajesh Exports and promoter Rajesh Mehta, alleging extensive financial irregularities and possible revenue overstatement. The regulator…
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Rajesh Exports shares crash as SEBI probes ₹15.15 lakh cr revenue gap
Rajesh Exports shares plummet 5% after SEBI bars promoter over alleged financial misrepresentation and fund diversion issues.
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newsbytesapp.com
Rajesh Exports shares crash after SEBI flags ₹15L crore discrepancy
Rajesh Exports' shares hit the lower circuit after SEBI barred the company and its promoter, Rajesh Mehta, from the securities market over a Rs 15.15 lakh crore revenue mismatch.
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Rajesh Exports effect: LIC shares slip 1% as firm holds nearly 11% stake
Regulator Sebi has issued an interim order against Rajesh Exports and its promoter, Rajesh Mehta. The company faces allegations of significant financial irregularities and…
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timesofindia.indiatimes.com
Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities
Rajesh Exports share price today: Shares of jewellery exporter Rajesh Exports Ltd came under heavy selling pressure on Thursday, slipping 5% and hitting the lower circuit after…
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Rajesh Exports dismisses SEBI allegations, says declared revenues are correct
Rajesh Exports Limited has denied allegations of revenue inflation made by SEBI. The company stated that the regulator's order is interim and its declared revenues are accurate.…
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Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?
Market regulator SEBI has taken action against Rajesh Exports and its Chairman Rajesh Mehta. The company faces allegations of significant financial misstatements and fund…
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Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports
SEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from trading securities. The regulator alleges a gigantic scam involving misrepresentation of revenues and fund…
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Rajesh Exports chair asserts accuracy of financials after SEBI allegations
Rajesh Exports' chairman defends financial accuracy amid SEBI allegations of inflated revenue from overseas subsidiaries.
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Rajesh Exports' ₹15 trillion discrepancy: Fraud or accounting error?
SEBI is investigating Rajesh Exports for allegedly inflating revenues by Rs 15 lakh crore, raising questions about the motive behind such discrepancies despite modest debt levels.
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‘Not a single rupee has been diverted’: Rajesh Exports Chairman on SEBI charges
Rajesh Exports Chairman denies SEBI's fund diversion allegations, asserting all company transactions are legitimate and documented.
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“This is a misunderstanding” says Rajesh Mehta in response to SEBI’s interim order
Rajesh Mehta refutes SEBI's allegations, claiming misunderstandings and asserting full cooperation in the ongoing investigation.
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Rajesh Exports’ ‘gilded’ accounts
SEBI's report reveals Rajesh Exports' major accounting irregularities, exposing a multi-layered deception undetected by auditors and investors.
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Mehta contests Sebi order on Rs 15L cr inflated revenue
BENGALURU/MUMBAI: A day after markets regulator Sebi banned Rajesh Mehta, the chief of Bengaluru-based gold refiner Rajesh Exports, for inflating the company's revenues over…
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thehindu.com
Rajesh Exports denies SEBI charge of financial misreporting
Rajesh Exports denies SEBI's financial misreporting charges as stock drops 5% following the interim order announcement.
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The curious case of Rajesh Exports: Massive revenues, meagre profits
India's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregularities and siphoning of funds. The…
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Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi order
Rajesh Exports shares tumbled for a second consecutive session on Friday, taking the two-day decline to about 10%, after Sebi's interim order alleged large-scale financial…