Rajesh Exports -- II: Alleged Accounting Mirage & Forensic Unfolding

Rajesh Exports -- II: Alleged Accounting Mirage & Forensic Unfolding

This article traced how ₹15.15 lakh crore in reported revenues surfaced as a global accounting controversy.

SEBI bars Rajesh Exports, promoter over alleged Rs 15.15 lakh crore revenue discrepancy

New Delhi: The Securities and Exchange Board of India (SEBI) has barred Rajesh Exports and its promoter-chairman, Rajesh Mehta, from accessing the securities market through an interim order, citing alleged financial irregularities and misrepresentation of revenues over multiple years. According to media reports, the regulator's action follows an investigation that began after a shareholder complaint in March 2024. The complaint raised concerns a…

Rajesh Exports founder says Sebi made accounting error, to resubmit documents within 15 days

New Delhi: The founder and promoter of gold refiner and jewellery exporter Rajesh Exports has come out strongly against Sebi’s June 3 interim order, calling it the result of a fundamental accounting error rather than any wrongdoing by the company. Speaking to PTI, Rajesh Mehta said the regulator had mistakenly classified the company’s EBITDA figures as revenue, a confusion he said had led to the dramatically inflated allegation of Rs 15.15 lakh …