SEBI cracks down on Rajesh Exports, bars promoter Rajesh Mehta, bars him from stock markets
SEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale financial misrepresentation and fund diversion. The regulator claimed the firm inflated consolidated revenues by over Rs 15 lakh crore through overseas subsidiaries Gold refiner and jewellery manufacturer Rajesh Exports Ltd (REL) allegedly inflated its consolidated revenues by more than Rs 15 lakh…
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