₹344 crore wiped off in 4 days due to Rajesh Exports' alleged scam

Rajesh Exports' shares hit the lower circuit on Monday, continuing to dip after SEBI alleged that the world's largest gold processor inflated revenue by ₹15.15 lakh crore. The shares have fallen nearly 11% since June 3, when SEBI released its report on the allegations, wiping off ₹344-crore investor wealth. The company's valuation now stands at ₹2,790 crore.