Rajesh Exports SEBI Scam 2026
- Company: Rajesh Exports Limited (Bangalore)
- Owner: Rajesh Mehta
- Allegation: ₹15.15 Lakh Crore ka fake revenue dikhaya — 5 saal tak
- SEBI ne kya kiya: June 3, 2026 ko 109-page interim order jaari kiya — Rajesh Mehta ko stock market se ban kiya
- LIC connection: LIC ke paas Rajesh Exports ki 10.8% hissedari hai
- Company ka jawab: “Sab sahi hai, SEBI ke saath communication gap hai”
YEH SCAM KYA HAI? SEEDHA SAMJHO
Socho ek dukaan wala bol raha hai ki uski dukaan se ₹15 lakh crore ka maal bika — lekin uski dukaan itni badi hai hi nahi.
Bilkul yahi hua Rajesh Exports ke saath.
SEBI — yani Securities and Exchange Board of India — ne June 3, 2026 ko ek bada khulasa kiya. Unhone kaha ki Rajesh Exports ne pichle 5 saalon mein — FY 2020-21 se FY 2024-25 tak — apni company ka revenue ₹15.15 Lakh Crore inflate karke dikhaya.
Matlab — asli kamai itni thi nahi, lekin kagazon mein itna zyada dikh raha tha.
Yeh India ke corporate history mein sabse bada alleged fraud hai.
RAJESH EXPORTS HAI KYA? PEHLE YEH JANO
Rajesh Exports ek Bangalore ki company hai jo gold refining aur jewellery business mein hai. Rajesh Mehta aur unke bhai Prashant Mehta ne 1989 mein apne garage mein 10 logon ke saath shuru kiya tha.
Phir 2015 mein unhone Switzerland ki gold refining giant Valcambi SA kharid li — aur ek garage ki dukaan bann gayi duniya ki sabse badi gold processor.
Fortune India 500 mein 7th rank, Fortune Global 500 mein 462nd — yeh company India ki shaan thi.
Lekin ab wahi shaan sawal mein hai.
SEBI NE KYA PAKDA? NUMBER SAMJHO
SEBI ne ek simple comparison kiya:
Valcambi (Switzerland ki subsidiary) ki actual revenue: ₹3,027 Crore (5 saalon mein)
Rajesh Exports ne report ki revenue: ₹15.15 Lakh Crore (usi period mein)
Fark: ₹15 Lakh Crore se bhi zyada
SEBI ne pucha — yeh extra paise kahan se aaye?
Jawab nahi mila.
Rajesh Exports ki 97% se 99% revenue sirf Valcambi se aati thi. Lekin Valcambi ke records mein itna paisa tha hi nahi.
SEBI NE KYA ACTION LIYA?
June 3, 2026 ko SEBI ne 109-page ka interim order jaari kiya jisme:
- Rajesh Mehta ko stock market se ban kiya gaya — woh ab Rajesh Exports ke shares kharid ya bech nahi sakte
- Company bhi securities market mein participate nahi kar sakti jab tak jaanch poori nahi hoti
- African gold mining assets mein ₹1,035 Crore ka investment bhi sawaal mein hai — company documents nahi de payi
SEBI ne kaha yeh aarop “egregious and unheard of” hain — matlab itna bada fraud pehle kabhi nahi dekha.
LIC KA KYA CONNECTION HAI?
Yeh sabse badi tension wali baat hai.
LIC — Life Insurance Corporation of India — yani hamari-tumhari policy ka paisa — Rajesh Exports mein 10.8% hissedari rakhti hai.
Congress ke Jairam Ramesh ne pucha: “LIC itne bade fraud mein itni badi hissedari rakhte hue bhi kuch nahi jaani? Kya LIC ko political pressure mein yeh investment karwayi gayi?”
Jawab abhi tak nahi aaya.
COMPANY NE KYA KAHA?
Rajesh Mehta ne June 3, 2026 ko kaha: “Yeh interim order hai aur isme jo likha hai woh sach nahi hai.”
BSE filing mein company ne kaha: “Hamari declared revenue bilkul sahi hai. Revenue overstating nahi hua. SEBI ke saath koi communication gap aur confusion hai. Hum SEBI ke findings ko dekh rahe hain aur jald hi detailed statement denge.”
Matlab — company SEBI ke allegations se puri tarah inkaar kar rahi hai.
INVESTORS KO KYA NUKSAAN HUA?
SEBI ke mutabik — is alleged fraud ki wajah se shareholders ka ₹12,726 Crore ka wealth erase ho sakta hai.
Interim order aane ke baad hi Rajesh Exports ka share ₹109.38 se girkar ₹103.92 pe aa gaya — ek din mein 5% ki girawat.
Aur yeh toh sirf shuruat hai — final report abhi aani hai.
TIMELINE — KAB KYA HUA
2015: Rajesh Exports ne Switzerland ki Valcambi SA kharidi — gold refining empire bana
2020-2025: Allegedly fake revenue reports filed ki gayi — 5 saal tak
2025: SEBI ne investigation shuru ki — Rajesh Exports ne shareholding patterns submit nahi kiye
June 2, 2026: SEBI ka interim report publicly aaya
June 3, 2026: SEBI ka official 109-page order — Rajesh Mehta ban
June 3, 2026: Markets mein panic — shares girey
June 2026: Jaanch jaari — final report baaki
YEH INDIA KA SABSE BADA CORPORATE FRAUD KYU HAI?
India ke kuch bade scams yaad karo:
Satyam Scam (2009): ₹7,000 Crore
Nirav Modi PNB Scam (2018): ₹13,500 Crore
Vijay Mallya (2016): ₹9,000 Crore
Rajesh Exports Allegation (2026): ₹15,15,000 Crore
Haan — yeh teeno se milakar bhi 100 guna zyada hai. Agar yeh sabit hota hai toh yeh India ka sabse bada corporate fraud hoga — kabhi bhi, kisi bhi company ka.
AAGE KYA HOGA?
- SEBI final order dega — tabhi pata chalega ki company guilty hai ya nahi
- Company court ja sakti hai order ko challenge karne ke liye
- LIC aur banks ki bhi jaanch ho sakti hai
- Agar fraud sabit hua toh Rajesh Mehta ko jail bhi ho sakti hai
Yeh case abhi sirf shuru hua hai — aane wale mahine mein aur bade khulase ho sakte hain.
FREQUENTLY ASKED QUESTIONS
Q: Kya Rajesh Exports band ho jayegi?
A: Abhi nahi — yeh interim order hai. Company operate kar rahi hai lekin stock market se ban hai. Final order ke baad hi pata chalega.
Q: Mera LIC policy ka paisa safe hai?
A: LIC ek bahut badi aur government-backed institution hai. Ek company mein 10.8% hissedari se LIC ko koi bada nuksaan hone ki ummeed nahi hai. Lekin situation pe nazar rakhni chahiye.
Q: Rajesh Mehta kaun hain?
A: Rajesh Mehta Rajesh Exports ke Executive Chairman hain. Ek Gujarati Jain family se belong karte hain — Bangalore mein garage se shuru karke duniya ki sabse badi gold company banai. Abhi SEBI ke order ke baad woh controversy mein hain.
Q: SEBI ka interim order aur final order mein kya fark hai?
A: Interim order ek temporary action hai — jaanch ke dauran protection ke liye. Final order tab aata hai jab poori jaanch complete ho. Interim order mein likha hua 100% proven nahi mana jaata.
Q: Kya yeh dusre investors ko affect karega?
A: Stock market ke investors ko short term mein affect kar sakta hai — specially jo Rajesh Exports ke shares rakhte hain. Broader market pe zyada impact hone ki ummeed nahi hai.
NICHODH — EK LINE MEIN
Duniya ki sabse badi gold company par India ke sabse bade regulator ne sabse bade fraud ka aarop lagaya hai — lekin company inkaar kar rahi hai. Sach kya hai — yeh SEBI ki final report hi batayegi.
KotaHub pe aate raho — is case ki har update yahan milegi sabse pehle.