Rajesh Exports Chairman Refutes Fund Diversion Allegations
Rajesh Mehta, the chairman of Bengaluru-based gold refiner Rajesh Exports, officially denied allegations of fund diversion involving ACC Energy this week, asserting that the Securities and Exchange Board of India (SEBI) misinterpreted the company’s accounting entries. The regulatory scrutiny follows an investigation into the financial flows between Rajesh Exports and its subsidiary, which has raised concerns among investors regarding corporate governance and transparency. Mehta stated that there has been
