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.
Today, On 27th November, Gautam Adani and several executives from Adani Green faced allegations of securities law violations related to a bribery scheme in India. The U.S. SEC’s complaints and criminal indictments indicate serious legal challenges for the Adani Group, leading to significant financial losses and declines in stock prices for Adani Green.
