Rajesh Exports chairman Rajesh Mehta denied fund diversion in subsidiary ACC Energy and Elest Ltd, saying Sebi “has not understood the accounting entries.” The regulator’s interim order flagged a circular fund-routing scheme and alleged ₹15.15 trillion in misreported revenues. Mehta said the company is ready to clarify. Sebi has barred him from trading.
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“Sebi Misread Accounts”: Rajesh Exports Denies Irregular Fund Flows
