Before Sebi's Rs 15 Lakh Crore Allegation, Rajesh Exports Had Already Raised Red Flags

Before Sebi's Rs 15 lakh crore allegation, Rajesh Exports had already raised red flags

Sebi's interim order against Rajesh Exports has brought fresh scrutiny to its reported revenues and subsidiary disclosures. The action has revived years of public questions over how the company matched vast turnover with thin profits.

Explained: 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.

Fictitious trades, opaque netting and no supporting documents: How auditors of Rajesh Exports failed to flag inconsistencies

PV Ramana Reddy, the proprietor at PV Ramana Reddy & Co, and PL Venkatadri, partner at BSD & Co, provided audit services to Rajesh Exports during the investigation period between FY21 and FY24

Under SEBI scanner, Rajesh Exports claims revenues ‘correct’, cites ‘confusion and communication gap’

Rajesh Exports has defended its financial filings after SEBI alleged revenue misrepresentation and restricted the company pending investigation.

SEBI Alleges Massive Revenue Inflation by Rajesh Exports, Company Denies Wrongdoing

India’s market regulator, the Securities and Exchange Board of India (SEBI), has alleged that gold exporter Rajesh Exports overstated the revenue of its Swiss refining subsidiary, Valcambi, by nearly $159 billion between April 2020 and March 2025. According to SEBI’s preliminary findings, the company reported revenue of 15.15 trillion rupees that was largely attributed to Valcambi, despite the subsidiary’s standalone financial statements showing…

Rajesh Exports rejects inflated revenue, LIC share placement allegation; terms it 'speculative'

New Delhi (PTI): Rajesh Exports on Friday rejected allegations of inflated revenues and share placement to state-owned LIC, terming them "speculative inferences" and asserting it is in the process of mitigating concerns raised by Sebi. In a regulatory filing, the Bengaluru-based gold jewellery maker reiterated that Sebi's interim order has only raised "suspicions on certain aspects" and there are "no conclusive adverse findings" on any of the co…