Sebi bars Rajesh Mehta from trading in Rajesh Exports
In short
Sebi kept Rajesh Mehta barred from trading in Rajesh Exports securities and said a forensic audit must be fully complied with. The summary says the case involves alleged revenue misrepresentation of ₹15.15 trillion between FY21 and FY25.
This matters because the trading ban and audit pressure stay in place for Rajesh Exports. It is not stated whether the allegations have been proven.
What the reporting says
Sebi issued a confirmatory order keeping Rajesh Mehta barred from trading in Rajesh Exports securities and requiring full compliance with a forensic audit. The action follows allegations of a ₹15.15-trillion revenue misrepresentation between FY21 and FY25. The reporting does not state the final findings of the audit or any penalty beyond the curbs.
Why it matters
Sebi issued a confirmatory order against Rajesh Mehta, keeping restrictions on trading in Rajesh Exports securities and pushing for full compliance with a forensic audit. The action is tied to allegations of a ₹15.15-trillion revenue misrepresentation between FY21 and FY25. The source does not say whether any wrongdoing has been established or when the probe will conclude.