India, June 8 -- SEBI order, Canara Bank's recovery efforts and LIC's investment together put spotlight over the company

Controversial businessman Rajesh Mehta, who led Rajesh Exports and was caught recently by Securities and Exchange Board of India (SEBI) for inflating the revenue of more than Rs 15 lakh crore, is already a large defaulter of Canara Bank with more than Rs 2,458 crore loan dues.

The Pioneer on March 16 reported that Rajesh Exports owes more than Rs 2,285 crores, citing Canara Bank's January 2026 data of large defaulters filed to the rating agency TransUnion CIBIL.

As per a detailed analysis of the TransUnion CIBIL data filed by Canara Bank, Rajesh Exports owes a total of Rs 2,458 crores and the loan amount is split int...