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ED flags ₹3,000 cr netting, ₹1,035 cr African mine gap at Rajesh Exports
Our read
Allegations of ₹600 cr siphoned via NRI benamidars and unsubstantiated offshore mine outlays effectively freeze Rajesh Exports as a credible counterparty for any near-term partnership or M&A dialogue.
The report,
ED alleges Rajesh Exports failed to produce documents on foreign transactions, including ₹1,035 crore African mine investment, flagged ₹3,000 crore netting, 40% stock discrepancy and ₹600 crore siphoned via NRI benamidars, following SEBI's revenue-inflation probe.
Reported figures
From the report. Source details below
- ₹17,000/month
- ₹7.7 lakh crore
- ₹15.15 lakh crore
The source
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