Rajesh Exports to cooperate with SEBI forensic audit, won't contest interim order on Rs 15.15 lakh cr revenue inflation

Bengaluru-based gold jewellery major Rajesh Exports said it will fully cooperate with SEBI's fresh forensic audit and won't challenge the interim order alleging revenue inflation of Rs 15.15 lakh crore across FY21-FY25 routed via Swiss subsidiary Valcambi SA. A 400 GB data trove and 30-day compliance window are in play.

— Source publishedWed, 10 Jun, 2026, 18:37 IST·First seen Wed, 10 Jun, 2026, 18:59 IST·Source ET Small Business

What happened

Bengaluru gold jewellery firm Rajesh Exports will cooperate with SEBI's fresh forensic audit and not challenge the interim order alleging revenue inflation of

Key facts

  • Rs 15.15 lakh crore
  • 400 GB
  • 30 days
  • Rs 500 crore

Why this matters

Any jewellery or bullion-refining M&A touching Valcambi or Indian gold exporters needs deepened forensic diligence on round-tripping and Swiss-subsidiary revenue pathways before LOIs move forward.