$158 Billion Revenue? India’s Gold Giant Cannot Account for 99.8% of Earnings, SEBI Says
India’s market regulator alleges that Rajesh Exports, the gold main behind Swiss refiner Valcambi, misrepresented about $158 billion in income over 5 years. SEBI says that determine equals 99.8% of the income the corporate credited to its subsidiaries. The Securities and Exchange Board of India (SEBI) issued the interim order on June 3. It barred…
