Sebi bars Rajesh Mehta from trading in Rajesh Exports, keeps curbs in place
New Delhi, Oct. 14 -- The Securities and Exchange Board of India (Sebi) has backed its restrictions on Rajesh Exports Ltd and its managing director Rajesh Mehta, directing them to cooperate with an ongoing investigation into the company's financial disclosures and transactions, while barring Mehta from dealing in the company's securities until further orders.
In a confirmatory order issued on Wednesday, Sebi said the company and Mehta must provide documents, information and explanations sought by the investigating authority. Rajesh Exports must also ensure truthful, accurate and complete disclosures in its financial statements, related-party transactions and other material information under applicable securities regulations.
The regulat...
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