Rajesh Exports has been accused of irregularities in the revenue of ₹ 15.15 lakh crore. Congress has attacked the central government regarding this matter. Party leader Pawan Kheda said that the people of the country were waiting for Rs 15 lakh to be deposited in their account but Narendra Modi’s friend Rajesh Bhai committed a scam of Rs 15 lakh crore. Mehul Bhai, Vijay Bhai, Nirav Bhai, Lalit Bhai, Rajesh Bhai, all of them are friends of Narendra Bhai and this brotherhood is costing the country very dearly.
Pawan Kheda said in a press conference that SEBI has accused Rajesh Exports and its promoters of large-scale financial fraud and embezzlement of money. In this case, SEBI took 7 months to start the investigation. Finally, when SEBI opened its eyes, it gave the order. After this, buying and selling of shares of Rajesh Exports stopped.
LIC invested 1.99% in 2016
Kheda said that in 2016, LIC had invested 1.99% in Rajesh Exports. At the same time, by March 31, 2026, LIC has invested 10.80% in Rajesh Exports. Apart from LIC, small investors also invested heavily in this company. The market capitalization of Rajesh Exports in February 2023 was Rs 28 thousand crores.
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He said that on June 5, 2026, the market capitalization of Rajesh Exports fell to Rs 3 thousand crores. 25 thousand crore rupees of the country’s investors were lost in this scam. In March 2024, a shareholder complained but LIC continued to invest money in Rajesh Exports. This happened because Madhabi Puri Butch did not do anything on that complaint for 7 months.
Bought Switzerland’s gold refinery
Kheda said that in the year 2015, Rajesh Exports bought a gold refinery in Switzerland by investing $400 million but SEBI did not do any scrutiny. Rajesh Exports is a company that deals in gold jewelery and GEMS and has nothing to do with the energy storage sector. But on March 23, 2022, the Ministry of Heavy Industries of the Modi government awarded the work of 5 GW manufacturing capacity worth Rs 18,100 crore to Rajesh Exports.
The Congress leader said that apart from Rajesh Exports, there were 7 competitors in this bidding who were associated with the energy storage sector, but instead of giving them the work, the work was given to Rajesh Exports. Between the years 2020-21 and 2024-25, Rajesh Exports has shown work worth Rs 15.15 lakh crore on paper but no agency woke up.
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