India's fourth-largest company Rajesh Exports is under investigation by SEBI for possible financial fraud. Probes have uncovered accounting irregularities and potential siphoning of funds.
The company's top management has stated it was unaware of overseas operations. It attributes those activities to promoter Rajesh Mehta. Auditors involved in the review are also under scrutiny for their conduct. The investigation continues to examine the firm's financial practices. Rajesh Exports has reported massive revenues alongside meagre profits in recent periods.
