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.
Sebi has imposed a 5-year ban and Rs 25 crore fine on Anil Ambani and 24 others, including former officials of Reliance Home Finance Ltd, for fund diversion. The scheme involved fraudulent loans to entities connected to Ambani, resulting in significant losses for over 900,000 shareholders. The entities involved have also been fined by Sebi.
