Sebi confirms interim curbs on Rajesh Exports, promoter over alleged fund routing
Sebi has imposed interim restrictions on Rajesh Exports and its promoter Rajesh Mehta for alleged financial misrepresentation.
The regulator found issues regarding the reported consolidated revenue of ₹15.4 lakh crore.
Rajesh Exports' standalone revenue reported by its subsidiary Valcambi SA was significantly lower at ₹3,027.3 crore.
Despite opportunities to respond, the company and promoter failed to adequately rebut Sebi’s preliminary findings.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
