Rajesh Exports Scam: Years Of Red Flags Before SEBI’s Fraud Allegation

Long before SEBI’s interim order alleging inflated revenues of Rs 15.15 lakh crore, Rajesh Exports had raised eyebrows for years. The Bengaluru-based gold giant reported massive turnovers running into several lakh crore rupees but posted thin profits and unusually low expenses. Market observers and analysts had repeatedly questioned its financials since 2014.