Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading
Capital markets regulator Sebi has passed an interim order against Rajesh Exports and its promoter Rajesh Mehta, alleging large-scale financial misrepresentation, non-cooperation with investigators and possible inflation of the company’s reported revenues. In a 109-page interim order issued on June 3, Sebi said its investigation and forensic review had uncovered prima facie evidence suggesting that…