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The Economic Times

Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports

SEBI Rajesh Exports LIC Rajesh Mehta Jairam Ramesh REL

New Delhi: The Congress on Thursday flagged that LIC owns around 10.8% of Rajesh Exports, that is currently under SEBI scanner, and said this raises the question of whether LIC's acquisition of such a "substantial stake" was driven by instructions from the ruling ecosystem.

Congress leader Jairam Ramesh said SEBI has, in an interim report dated June 3 2026, alleged a "gigantic scam" involving a high-flying company called Rajesh Exports which is in the gold refining and jewellery business.

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