SEBI Alleges Massive Financial Misrepresentation at Rajesh Exports; Company and Promoter Barred from Securities Market
SEBI, India’s capital markets regulator, has alleged that Rajesh Exports carried out one of the biggest acts of financial misrepresentation in recent memory. On June 3, 2026, the regulator stated that the company reported nearly ₹15.15 trillion ($158.3 billion) more in revenue than it had actually earned, allegedly inflating these figures through obscure overseas entities. […]