The agency said its investigation found missing overseas transaction records, a 40% stock mismatch, alleged share manipulation involving offshore benamidars, and more than ₹600 crore allegedly moved out of India.
India’s ED (Enforcement Directorate, financial crimes agency) said its probe into Rajesh Exports identified multiple alleged irregularities, including missing records tied to overseas transactions, ₹3,000 crore in suspicious trade set-offs, and a 40% stock mismatch. The agency also cited alleged share manipulation involving offshore benamidars (proxy holders for another person) and said more than ₹600 crore was allegedly moved out of India. The findings point to potential concerns spanning trade documentation, inventory reconciliation and cross-border fund flows, areas that often draw scrutiny in financial crime investigations.