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BKF
575 posts

BKF
@bkfcorp
journey from 0 to 50k payout, I will succeed or die trying. 100% transparent. Started 05/20/2026
Paris, London 가입일 Mayıs 2026
82 팔로잉104 팔로워

🚨 INDIA MAY HAVE JUST WITNESSED ONE OF ITS BIGGEST ACCOUNTING FRAUDS EVER.
SEBI alleges that Rajesh Exports, one of India's most well known gold companies and a Fortune Global 500 firm, faked $158 billion in revenue, 99.8% of everything it ever claimed to earn over the last 5 years.
Rajesh Exports owns a Swiss gold refiner called Valcambi SA through overseas subsidiaries.
The parent company booked the full value of refined gold as its own revenue, even though it never owned the gold. It only held it temporarily for refining on behalf of customers.
Valcambi's own audited financials show it generated less than 0.5% of what Rajesh Exports was claiming as group revenue.
When SEBI asked for subsidiary financial records, Rajesh Exports repeatedly refused, citing Swiss privacy laws. SEBI is legally authorised under those same laws to request the records.
SEBI also found $1.3 billion in recorded transactions with a firm called Affluence Shares and Stocks.
Affluence told SEBI directly that Rajesh Exports was never its client, no agreement existed, and no trades were ever executed.
SEBI alleged those entries were fabricated to match gold derivative trades the owner was running through his personal account using company funds transferred without board approval.
Owner Rajesh Mehta has been banned from all securities market activity and a forensic audit has been ordered.
LIC, India's largest state insurer, owns 10.8% of the company.
The company has denied all charges and plans to contest the order.


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🔴 6/4/26 Thursday. 3 red trades 1 breakeven. Followed plan. Plan did not work out. Only trade that partially worked out was one not in plan but saw great confirmations for. Would have worked out well if I just left it & didn't try to follow plan.
Recap: youtu.be/nAs_lF1gmsg

YouTube



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