Brief by Shorts91 Newsdesk / 08:43am on 25 Jun 2026,Thursday Business
The Enforcement Directorate (ED) has uncovered multiple suspected financial irregularities during searches at premises linked to Rajesh Exports in Bengaluru and Mumbai. Investigators said the company failed to provide records for foreign transactions and documents related to a claimed ₹1,035 crore investment in African mines. The ED also flagged nearly ₹3,000 crore in opaque trade set-offs, a 40% mismatch in gold stock records and suspected share manipulation. It further noted that the company's Managing Director reportedly received a monthly salary of only ₹17,000 despite revenues of ₹7.7 lakh crore. The investigation under FEMA is ongoing. (PC: The Indian Express)
