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Rajesh Exports had ₹3,000 cr in opaque trade set-offs, 40% stock mismatch: ED
short by Ishita Ranganath / on Wednesday, 24 June, 2026
An Enforcement Directorate (ED) raid revealed that Rajesh Exports Ltd (REL) set off trade payables and trade receivables worth ₹3,000 crore from suspicious foreign parties, the agency said. It also found a difference of 40% between the stock recorded and the actual physical stock available. Further, ₹600 crore was siphoned out of India through share manipulation using benamidars, it added.