Sebi has confirmed and continued its interim directions against Rajesh Exports Ltd and promoter Rajesh Mehta, saying the company failed to effectively rebut prima facie findings relating to financial misrepresentation, incomplete disclosures, non-cooperation with the investigation and routing of company funds through personal accounts.
In a confirmatory order dated October 14, the market regulator said Rajesh Mehta will continue to be restrained from buying, selling or otherwise dealing in the securities of Rajesh Exports, directly or indirectly, until further orders. Rajesh Exports has also been directed to continue making true, fair, accurate and complete disclosures of its financial statements, related-party transactions and other material information under securities laws.
