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.
Investor Dr. Aniruddha Malpani alleged Zerodha stopped him from withdrawing Rs 18 crore, calling it a “scam.” CEO Nithin Kamath clarified the Rs 5 crore limit is a standard safety rule to prevent risks.
