India Regulator Alleges Jewelry Maker Rajesh Exports Inflated Revenue by $158 Billion
India's markets regulator alleged in an order that jewelry maker Rajesh Exports inflated its reported revenue scale by 15.15 trillion rupees ($158.3 billion) over several years.
Rajesh Exports is a jewelry maker. The order said the alleged overstatement was driven largely by unverified overseas entities and spanned multiple years.
From the sources (3 posts)
@polymarketJUST IN: India’s markets regulator alleges Rajesh Exports inflated its revenue by $158 billion through misrepresented numbers.
@reutersIndia markets regulator finds $158 billion of misrepresented numbers at Rajesh Exports
@reuterslegalThe India markets regulator in an order on Wednesday alleged that jewellery maker Rajesh Exports inflated its revenue scale over years, largely via unverified overseas entities, to the tune of 15.15 trillion rupees ($158.30 billion). https: