$158 Billion Revenue? India’s Gold Giant Cannot Account for 99.8% of Earnings, SEBI Says
India’s market regulator alleges that Rajesh Exports, the gold major behind Swiss refiner Valcambi, misrepresented about $158 billion in revenue over five years. SEBI says that figure equals 99.8% of the revenue the company credited to its subsidiaries. The Securities and Exchange Board of India (SEBI) issued the interim order on June 3. It barred...
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