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Rajesh Exports shares hit 5% lower circuit for third session on alleged Rs 15.15 lakh crore fraud
Rajesh Exports shares hit lower circuits for a third straight session after Sebi alleged massive revenue inflation and financial irregularities. The regulator barred promoter Rajesh Mehta from trading and flagged auditor lapses. The company denied wrongdoing, attributing discrepancies to accounting interpretation issues at subsidiary Valcambi SA.
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economictimes.indiatimes.com
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…
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theprint.in
Rajesh Exports & its dense web of subsidiaries, revenues, 'fake' transactions that SEBI seeks to detangle
SEBI alleges the gold refiner-exporter misrepresented revenues, kept books opaque, made contradictory submissions, routed funds via promoter-controlled accounts, and so on.
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thehindubusinessline.com
Rajesh Exports plunges another 5% despite rejecting ‘scam’ allegations
Rajesh Exports' shares fall 5% amid financial misrepresentation allegations, despite the company's strong denial of any wrongdoing.
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Congress seeks answers from govt over alleged ₹15.15 lakh-crore revenue misrepresentation at Rajesh Exports
Congress demands government accountability over alleged Rs 15.15 lakh-crore revenue misrepresentation by Rajesh Exports following SEBI's findings.
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Rajesh Exports order puts auditors, audit committee under the scanner
Rajesh Exports faces scrutiny as auditors and board fail to verify overseas revenues amid a massive misrepresentation allegation.
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Rajesh Exports: Sent 400 GB docs to SEBI, regulator couldn't locate files; will resubmit in 15 days
Rajesh Exports to resubmit 400 GB of documents to SEBI after regulator failed to locate them, clarifying revenue classification errors.
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newsbytesapp.com
Rajesh Exports shares hit lower circuit for 3rd consecutive day
Rajesh Exports' stock hit its 5% lower circuit at Rs 94.50 for the third consecutive session after Sebi alleged fund misrouting and inadequate disclosures by the company.
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Rajesh Exports shares hit 5% lower circuit for third session on alleged Rs 15.15 lakh crore fraud
Rajesh Exports shares hit lower circuits for a third straight session after Sebi alleged massive revenue inflation and financial irregularities. The regulator barred promoter…
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Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Chairman Rajesh Mehta says there was “zero diversion of funds” and the company is ready to clarify the transactions.
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Will cooperate fully with fresh forensic audit, won't challenge Sebi interim order: Rajesh Exports
Rajesh Exports Ltd will cooperate with a new forensic audit ordered by Sebi. The company faces allegations of inflating revenues by Rs 15.15 lakh crore. Chairman Rajesh Mehta…
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timesofindia.indiatimes.com
‘Rajesh Exports will not contest Sebi order’
BENGALURU: Rajesh Exports chairman Rajesh Mehta, who is under Sebi’s scanner over allegations that the company inflated its revenues by Rs 15.2 lakh crore between FY21 and FY25,…