Random liberal

@crouchingrhino Average IVC trader from Dholavira and Lothal.

Very classic Gujarati Jain pheno variant interestingly. Dad looks like this

@prithvii @buddhawi10 Don't you know, Marathas themselves are predecessors of steppemaxxed Rors

@buddhawi10 Tough choice, given the fact that the spiritual and biological predecessor of the Marathas, Malik Ambar, was an Ethiopian himself.

Who has sharper features; Ethiopians or Marathas?

They see us rollin, They hatin.

Harshad Mehta - Gujrat Rajesh Exports/Mehta - Gujrat Nirav Modi - Gujrat Mehul Choksi - Gujrat Am I missing anyone from Gujrat?

@s___napp @mikejava85 😭😭🤣 You are a total retard if you think this was 15 lakh crore scam😭😭 misrepresentation of revenue is completely different thing.

@Brainmaxxer09 @mikejava85 that guy has done 15 lakh crore on his own🤣🤣

Harshad Mehta to Rajesh Mehta, Nirav Modi to Mehul Choks , Why so many scammers come from 1 state

@Suresh_H_31 @KantInEastt Typical brain dead zombie vomiting talking points. 1) They are not caught today, Markets already knew about the misrepresentation, You generally get caught. 2) Dumbo, That's not how exports are calculated, Rajesh is Karnataka based company, KT's total goods Exp. are 45 Bill.

@Brainmaxxer09 @KantInEastt This is how most Indians are!! Proving to be smart, in real dumb. Giving knowledge as experts!! 1. This is just one company caught, that doesn't mean end of it 2. Exports means some product is made or improved in India, which contributes to GDP.

A company could fudged figures of $158 billion, imagine the scam with GDP numbers which are based on this

@way2badazz @KantInEastt Brain dead zombie, Just read what the original post says and if you have 2 brain cells you'd known the claim is complete retard. Market already knew about Rajesh, That's why their cap never picked up. Dumbo, Data manipulation is pan world problem, India is doing relatively well

@Brainmaxxer09 @KantInEastt Retard, it's not about how much percentage of Rajesh export amounts to in the Total Indian Market cap, it's about underlying scams now, how many such companies are hiding behind the facade, data manipulation is the real problem.

@Malay4Product How did you get at 12,675 cr. Investors lost? Numbers are not adding up. At max 3000 cr.

This might be one of the biggest accounting scam India has seen in years. Let me explain the whole thing, for anyone who has no idea what just happened. First, let's understand who is this company. Rajesh Exports is a company in Bengaluru that refines gold and makes jewellery. You may know its retail brand, Shubh Jewellers. It also owns Valcambi, a Swiss company often called the largest gold refinery in the world, which it bought back in 2015. For years it was talked about as one of India's biggest companies by sales. The man who runs it is Rajesh Mehta, the promoter and chairman. Now the weird thing; This company reported gigantic sales. In just the January to March quarter of 2026, it reported revenue of about ₹2.36 lakh crore. That is bigger than the sales of almost any company in India. But for all those enormous sales, it barely made any profit. It actually posted a small loss. And the whole company on the stock market was worth only about ₹3,200 crore. So a shop claims it sold goods worth lakhs of crores, but kept almost no profit, and the shop itself is valued at a tiny fraction of its sales. When the sales are huge but the profit and the company value are tiny, something is off. Now this mismatch was visible for years but let's understand how the investigation started. In March 2024, a shareholder complained to SEBI, the market regulator. The complaint was simple. The company was showing a huge pile of money that customers supposedly owed it, sitting unpaid for more than two years. That is a classic sign that the sales behind it might not be real. SEBI dug in, appointed investigators, and brought in a forensic auditor to go through the books. On June 3, 2026, it released its findings in an interim order. These are early findings, called prima facie, so the company has not been found guilty yet, and I will come back to that. But let's understand what SEBI says it found. Will try to keep this simple; 1. Most of the sales came from a foreign company whose own books showed almost nothing. SEBI says around 97 to 99% of the group's revenue was shown as coming from its overseas arms, mainly Valcambi in Switzerland. But Valcambi's own standalone audited accounts reported barely any revenue. So the group was claiming lakhs of crores in sales through a subsidiary that, on its own books, looked nearly empty. SEBI also says the company kept hiding these subsidiary accounts from the public. 2. Fake-looking sales tied to the promoter's personal trades. The company recorded about ₹11,487 crore of sales and ₹11,488 crore of purchases with a firm called Affluence. That was roughly two-thirds of its standalone sales. But Affluence denied doing any such business with the company. SEBI says these were not real trades at all. They were linked to Rajesh Mehta's own personal derivative trading, written into the company's books as if they were company sales, just to make the business look bigger. 3. Other income were presented as sales. SEBI says the company booked ₹867 crore and ₹716 crore of currency gains as if they were sales and purchases, and booked ₹204 crore of interest from mutual funds and fixed deposits as business revenue. These are not sales. Calling them sales makes the business look bigger than it is. 4. The gold mines in Africa that no one could verify. When the stock exchange asked about a ₹1,035 crore investment, the company said it was money put into gold mines in Africa. SEBI looked into it and could not verify this claim. The Swiss arm's own boss told SEBI that it does not own any gold mine, it only refines gold. 5. Quietly erasing old money owed. SEBI says the company wiped out about ₹2,914 crore of very old unpaid dues by secretly cancelling them against money it owed others, without properly explaining it. 6. Company money flowing through the promoter's personal accounts. SEBI says company funds were routed through the personal bank accounts of Rajesh Mehta and a family member, including for his personal trades, without board approval and without telling investors. News reports put one chunk of this at ₹339 crore, and the wider routing at around ₹926 crore. 7. Not cooperating. SEBI says the company ignored more than ten official notices over months, did not give full records, gave changing and contradictory numbers, and did not give the auditors proper access. SEBI says about ₹15.15 lakh crore of revenue over five years was misrepresented. It is important to understand what this means. That is not ₹15 lakh crore stolen from investors. It is the size of the sales that SEBI says were inflated or could not be verified. The company's market value fell by close to ₹28,000 crore from its peak, and the wealth lost by public shareholders is estimated at around ₹12,725 crore. The stock is down about 54% from its high last December, and it hit the lower limit again right after this order. As of now, SEBI has taken the following steps; > Rajesh Mehta is banned from buying, selling or dealing in the company's shares, directly or indirectly, until further orders. > Both the company and Mehta must cooperate with the investigation and hand over a long list of documents within 30 days. > The company must now make true and fair disclosures of its finances and its dealings with related parties. > SEBI will appoint a new forensic auditor, because the first one could not finish the job without cooperation. This is an interim order. It was passed without hearing the company first, which SEBI is allowed to do when it fears assets might be moved or records destroyed. The company and Mehta get 21 days to reply and ask for a hearing. So far the company has not made any public statement.

@Reed02x @bhushancool 🤣😭 Yeah, I'm ST tribal.

@Brainmaxxer09 @bhushancool Kya din aa gye hai, aaj kal koi bhi loduchand NIT me ghus ja rha hai 🤣 Reservation wala freeloader

Scam is main business of Gujarati…

@Reed02x @bhushancool Another proof of low IQ behaviour, What do you mean by Pakda gaya?😭😭🤣

@Brainmaxxer09 @bhushancool lodu tu to pakda gya 🤣😭 phle ye bta kis NIT se hai? Paise waise deke lower branch leli h kya. NIT ka naam badnam kr rhe ho, jab dimag kam hai to govt job kr lete, engineers ki laaz rkho kam se kam. Upar se PhD kr rhe ho aise dimag ke sath 😭 desh ka vinash kroge kya sirji

@Reed02x @bhushancool You seem to be obsessed with NITs, Typical tier 3 college behaviour. 😭🤣Math Gol hai, Niqqa thinks adjusting for inflation is some advanced Math.😭 I can't.

@Brainmaxxer09 @bhushancool Real data without adjustment and normalisation 😭 bhaishab are bhai tum kis department se engineering kr rhe ho ye to btao? NITians ke paisa itna kam dimag hota hai kya 🤣 IITKGP me islie sbhi NIT interns ka mazak bnate the. Maths gol hai par data chipka rhe har jgh

@Reed02x @bhushancool Ghochu, Even after adjusting for inflation, Ranking doesn't change much, Most of these scams are in close time period. Only Harshad Mehta would take Nirav Modi's place. Top 5 the same. If I'd put Adjusted data, Similar low IQ people like you would have claimed this is fake data.

@Reed02x @bhushancool So, You ain't even Paki! Than you are not even worthy of mockery, Just another Low IQ zombie. Carry on with your wishful thinking, 😭"bY 2030 mOrE gUjJu sCaMs wIlL cOmE oUt" Trust me bro, I know it, I heard it on Internet. Niqqa, I Literally gave you real data. Keep Coping.

@Brainmaxxer09 @bhushancool 😂 Ye NITian hai lmfao. NIT me kya environment engineering kri thi ya metallurgy? 🤣 are bhai ye kon se engineers paida kr rhi h NITs. Where on earth did you infer this analogy?

@catale7a Now I get why you guys were oppressed for 1 million years, You are Stupid.

Rajesh Exports ❌ Rajesh Doesn't Export 🫣 Modi Govt's annual capital expenditure (infrastructure, railways, roads, etc.): ₹12.22 lakh crore Rajesh Exports Fraud? ₹15.15 lakh crore You see the scale of the scam? 🤯

@Reed02x @bhushancool What a delusional wishful thinking 😭, Why the Fuck a Fucking Pakistani cares😭😭

@Brainmaxxer09 @bhushancool DW you'll see many more from GJ added to list by 2030. Also the scams are not adjusted by inflation. It is well know that Gujjus run the biggest frauds in India and abroad, about time when the kingpin falls, these scams will emerge in public domain very soon

@PrezzVerde Not even close to truth.

Gujarat contributes 5% of direct tax 8.2% of GST 100% of financial frauds in India.

@harsh8848 What a low IQ bullcrap, Exports are calculated from Custom and Shipping reports, If there were no net out wards transactions no Currency effect, They are actually underperforming in stock market even if 2% revenue is true, No major Bank Credits, this is barely attempted fraud.

Rajesh Exports isn't delusion, nobody believed these numbers were real. It's not even fraud as fraud requires concealment. This is collective perversion: an entire ecosystem, companies, auditors, lenders, regulators, policymakers, participating in a fiction because the fiction served interests. Export numbers, Currency, Stock market, Banking, GDP all benefitted.

@INCKerala One more thing, If you remove fake exports, their real revenue would be 12K crore, With P/S ration 0.5 their Market cap Should be 6K crore, But Right now due to SEBI probe it is just 3K crore, So actually they are under valued.

@INCKerala I lost 50 IQ points reading this post. First, Rajesh Exports is Merchandise Exports company not IT exports. It is completely different thing. Second, It is registered in Karnataka, And Total Merchandise Exports Calculated For Karnataka is 45 Billion, How can you be this stupid?

India’s IT exports in FY26: $246 billion. Rajesh Exports’ reported FY figure: $82 billion. That is nearly one-third of India’s IT exports. Since IT exports are around 10% of GDP, this figure alone works out to roughly 3.3% of GDP. So the question is simple: if this number is fake or inflated, how much of India’s export data and GDP calculation needs revision? And will our growth numbers also take a hit?

@vinayaravind So, actually they are under valued Because of their Stupidity of inflating fake revenue.

@vinayaravind If you are low IQ Retard than, Yes. But if you understand even basics of Finance than this is Barely a Failed Scam. Their actual revenue (if 97% fake revenue is true ) Would be 12K cr, So even if we take P/S ratio 0.5, their market Cap should be 6k Crore, But it is lower at 3K cr

Is this bigger than the Satyam scam?