The Enforcement Directorate’s (ED) search of Rajesh Exports Ltd.’s premises revealed mulitple contraventions of the Foreign Exchange Management Act (FEMA), according to a post from the investigation agency on Wednesday.
The violations included missing records for overseas transactions, Rs. 3,000 Crore in opaque trade set-offs, a 40% stock mismatch, and share-manipulation involving offshore benamidars.
The law enforcement body stated that investigation is ongoing. During the course of the search action, various incriminating documents and digital evidences have been seized and/or recovered, the ED said.
ED searches 9 premises linked to Rajesh Exports Ltd. in Bengaluru & Mumbai. Investigation reveals FEMA contraventions including missing records for overseas transactions, Rs. 3,000 Crore in opaque trade set-offs, a 40% stock mismatch, and share-manipulation involving offshore… pic.twitter.com/QZTCUhiRgJ
— ED (@dir_ed) June 24, 2026
(This is a developing story.)
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