SEBI Alleges Massive Revenue Inflation at Rajesh Exports, Promoters Face Market Ban
India’s Market Regulator Flags Serious Financial Irregularities Rajesh Exports, one of India’s largest gold and jewellery companies, has come under intense regulatory scrutiny after the Securities and Exchange Board of India (SEBI) alleged that the company significantly misrepresented its financial statements over several years. In an interim order issued this week, SEBI claimed that Rajesh…