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 Jaswanth Rai Mehta is an Indian billionaire businessman, based in Bangalore. He is the owner and executive chairman of the jewellery company Rajesh Exports. As of April 2017, Forbes estimated his net worth at $2.6 billion, making him the 61st richest person in India.. On June 3, 2026, the Securities and Exchange Board of India (SEBI) barred Rajesh Exports and its promoter-chairman Rajesh Mehta from accessing the securities market. The regulator alleged massive financial misrepresentation spanning five financial years and involving a staggering Rs 15.15 lakh crore in reported revenues.
Rajesh Exports' shares plummet amid allegations of a ₹15.15 lakh crore fraud, sparking regulatory concerns in the gold and jewelry industry.
VTechX HubHe is the owner and executive chairman of the jewellery company Rajesh Exports.
SourceAs of April 2017, Forbes estimated his net worth at $2.6 billion, making him the 61st richest person in India..
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