Rajesh Exports Fraud Allegations Trigger Industry Reckoning and Regulatory Scrutiny
Rajesh Exports' shares plummet amid allegations of a ₹15.15 lakh crore fraud, sparking regulatory concerns in the gold and jewelry industry.
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Rajesh Exports Limited is an Indian multinational gold retailer headquartered in Bangalore, Karnataka. The company refines, designs, and sells gold and jewelry. It was ranked 7th on the Fortune India 500 list in 2020, with revenues of ₹2.90 trillion, and 462nd in the Fortune Global 500. The present managing director is Prashant Mehta and the executive chairman is Rajesh Mehta.
Rajesh Exports' shares plummet amid allegations of a ₹15.15 lakh crore fraud, sparking regulatory concerns in the gold and jewelry industry.
VTechX HubThe company refines, designs, and sells gold and jewelry.
SourceIt was ranked 7th on the Fortune India 500 list in 2020, with revenues of ₹2.90 trillion, and 462nd in the Fortune Global 500.
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