The Securities and Exchange Board of India (SEBI) has issued an interim order barring jewelry manufacturer Rajesh Exports and its promoter, Rajesh Mehta, from participating in securities markets following allegations of a Rs 15 lakh crore revenue inflation scam. The regulator alleges that the company engaged in fraudulent financial reporting between the 2020/21 and 2024/25…
The Securities and Exchange Board of India (SEBI) has imposed a ban on Rajesh Mehta, the chairman of Rajesh Exports, following allegations that he inflated the company’s revenues over several fiscal years. The regulatory action, announced this week, marks a significant escalation in the ongoing investigation into the financial reporting practices of the world’s largest…
The Allegations and Initial Response Rajesh Mehta has publicly challenged a recent interim order issued by the Securities and Exchange Board of India (SEBI), characterizing the regulatory action as a fundamental misunderstanding of the facts. The statement, released late Tuesday, explicitly denies any wrongdoing and claims that the entity has not received formal communication from…
The Regulatory Scrutiny Rajesh Mehta, a prominent figure in the Indian jewellery sector and the former face of the Shubh and Laabh brands, is currently navigating a period of intense regulatory scrutiny as the Securities and Exchange Board of India (Sebi) probes his business operations. The investigation, which gained momentum earlier this year, has forced…
The Securities and Exchange Board of India (SEBI) issued an interim order this week barring Rajesh Mehta, the promoter of Rajesh Exports Limited, from trading in the company’s securities following an investigation into alleged financial misrepresentation. The regulatory action, announced in Mumbai, stems from findings that the gold refining and jewelry manufacturing giant failed to…
