SEBI finds REL blocked forensic audit access to ERP systems and books of accounts
This is an interim order by SEBI regarding Rajesh Exports Limited (REL) and its director Rajesh Mehta, examining allegations of financial misrepresentation, non-disclosure of subsidiary financials, and non-cooperation with a forensic audit.
Rajesh Exports Limited (REL), Rajesh Mehta
- SEBI found prima facie that REL failed to provide access to ERP systems and books of accounts to the Forensic Auditor.
- SEBI noted that REL refused to share data for foreign subsidiaries, citing Swiss data protection laws.
- SEBI observed that REL failed to upload financial statements of its subsidiaries on its website as required by law.
- SEBI found that REL provided complete documentation for only 2.03% of a sampled INR 7,021.36 crore transaction value.
- SEBI noted that REL claimed an 'Investment in Gold Mines in Africa' which was found to be misrepresented.
- SEBI directed the Noticees to comply with the interim order provisions (specific directions are in Section F, not fully detailed in the provided text excerpt).
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Document details
| Official title | Interim Order in the matter of Rajesh Exports Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KV/CFID/CFID-SEC6/32431/2026-27 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |