The Gold That Wasn't There: Inside SEBI's Case Against Rajesh Exports
From The Morning Brief by The Economic Times
June 9, 2026 · 18 min · Episode 972
About this episode
The episode discusses SEBI's allegations against Rajesh Exports for financial fraud involving inflated revenues and non-existent gold mines.
SEBI has accused Rajesh Exports and its promoter Rajesh Mehta of one of India's most brazen alleged financial frauds — inflating revenues by fifteen lakh crore, claiming ownership of African gold mines that don't exist, and siphoning funds through a web of overseas entities while auditors looked the other way. On this episode of The Morning Brief, Anirban Chowdhury, N Sundaresha Subramanian, and JN Gupta of Stakeholders Empowerment Services break down how the alleged scheme worked, what investors actually stand to lose, and whether a company that has already shed eighty percent of its market cap has any reason left to come clean. You can follow Anirban Chowdhury on his social media: X and Linkedin Check out other interesting episodes like: ET Deep Dive: Swipe Left on Reality , India wants manufacturing at 25% of GDP — will AI in factories help? , Tanay Kothari Wants To Kill The Keyboard , From Doer to Director: The LinkedIn Playbook for the AI Agea , Semaglutide Goes Generic: Big Pharma’s Moat Breaks and much more . Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online , Spotify , Apple Podcasts , JioSaavn , Amazon Music…
People in this episode
Host: Anirban Chowdhury
Guests: N Sundaresha Subramanian, JN Gupta
Topics covered
- financial fraud
- SEBI
- Rajesh Exports
- investor loss
- market cap
- gold mines
Keywords
- SEBI
- Rajesh Exports
- financial fraud
- investors
- market cap
- gold mines
- Rajesh Mehta
Mentioned in this episode
Organizations: SEBI, Rajesh Exports, Stakeholders Empowerment Services
Places: India, Africa
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