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An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit
Indian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary findings also point to missing documentation for African mine investments and fictitious trades. The company denies wrongdoing, calling the revenue interpretation misplaced. Shares fell following the probe's announcement.
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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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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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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 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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rsi.ch
Rajesh Exports sotto accusa in India, controlla la ticinese Valcambi - RSI
Il gruppo aurifero avrebbe sovrastimato per diversi anni il proprio fatturato consolidato, trasmettendo un’immagine “gonfiata e fuorviante”
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thehindubusinessline.com
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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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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timesofindia.indiatimes.com
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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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…
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Rajesh Exports denies wrongdoing, says SEBI order stems from 'confusion' over Valcambi revenues
Rajesh Exports has responded to SEBI's interim order, denying allegations of revenue misrepresentation. The company states its reported revenues are accurate and genuine. It…
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An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit
Indian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary findings also point to missing…