How did 2 auditors contribute in helping Rajesh Exports inflate revenue by ₹15 lakh crore?
Auditors PV Ramana Reddy and PL Venkatadri contributed in helping Rajesh Exports, the world's largest gold processor, in inflating revenue by ₹15 lakh crore. They misrepresented 64% of the company's total standalone revenue and didn't seek finer details like invoices, and recorded MD Rajesh Mehta's personal derivative trades as that of the company. They also misrepresented intra-group investments.