Veteran journalist, author, and publisher Paranjoy Guha Thakurta explains the case involving Rajesh Exports, which is currently under the scrutiny of Securities and Exchange Board of India.
Thakurta was speaking about the issue in a webinar titled : The Rajesh Exports Scam : Cronyism, Regulatory Failure and Crises of Accountability organised by Centre for Financial Accountability.
The webinar was moderated by social activist Anjali Bhardwaj, while the speakers included Paranjoy Guha Thakurta, Abir Dasgupta, and Amitanshu Verma.
On June 3, 2026, the Securities and Exchange Board of India (SEBI) issued an interim order accusing Rajesh Exports of inflating its revenues by approximately Rs 15.15 lakh crore between the fiscal years 2021 and 2025.
As reported by Indian Express, SEBI said nearly 99.8% of certain revenues reported by subsidiaries may have been inflated. SEBI also alleged that between 97-99% of reported revenues could not be independently verified and were linked to transactions involving overseas entities.
