Rajesh Exports to fully cooperate with forensic audit, says no plan to challenge SEBI interim order
India, June 10 -- Bengaluru-based gold jewellery and refining company Rajesh Exports Ltd has said it will fully cooperate with the fresh forensic audit ordered by the Securities and Exchange Board of India (SEBI) and will not challenge the regulator's interim order.
The company's founder and chairman Rajesh Mehta stated in an interview that Rajesh Exports has been transparent with investigators and has already submitted all documents sought so far.
The clarification comes after SEBI raised serious concerns over alleged inflation of consolidated revenues by Rs.15.15 lakh crore over a five-year period from 2020-21 to 2024-25. The regulator has flagged that a significant portion of the company's reported revenue was attributed to overseas ...
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