Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports
- Posted on June 4, 2026
- By Business News Today
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- 1 min read
Congress questions LIC's 10.8% stake in SEBI-probed Rajesh Exports
SEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from trading securities. The regulator alleges a gigantic scam involving misrepresentation of revenues and fund diversion. LIC holds a significant stake in Rajesh Exports, raising questions about its acquisition. Investigations are ongoing, and a new forensic auditor will be appointed.
