SEBI barred Rajesh Exports Limited and promoter-chairman Rajesh Mehta from the securities market following an investigation into alleged financial irregularities, disclosure lapses, related-party transactions, and possible manipulation of financial statements involving an alleged revenue misrepresentation of nearly Rs 15.15 lakh crore.
![[Stock Market Crash] Plea Seeks Probe by Centre and Sebi: SC](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/MicrosoftTeams-image-57.png?resize=447%2C367&ssl=1)
An application has been filed in the Adani-Sebi investigation case, urging the Supreme Court to direct the Government and Sebi to submit a comprehensive report on the share market crash and investor losses after the Lok Sabha 2024 results. The plea emphasizes the need for transparency, regulatory efficiency, and restoring investor confidence amidst market irregularities.
