SEBI Bars Mehta From Rajesh Exports After Revenue Probe

The Securities and Exchange Board of India (SEBI) has restrained Rajesh Mehta, promoter and Executive Chairman of Rajesh Exports Ltd (REL), from buying, selling, or dealing in the company's securities. The interim order follows a probe that found prima facie evidence of large-scale financial misrepresentation, disclosure failures, and diversion of company funds.

SEBI estimated that REL had