ED searches at nine premises linked to Bengaluru-based gold exporter over ‘financial irregularities’ | India News
3 min readNew DelhiJun 24, 2026 01:15 AM IST The Enforcement Directorate (ED) on Tuesday carried out searches at nine premises linked to gold exporter Rajesh Exports Ltd (REL) in Bengaluru and Mumbai as part of an investigation into alleged financial irregularities, with preliminary findings pointing to suspected benami share transactions, a significant mismatch in gold inventory, and questionable overseas dealings. According to sources, investigators have uncovered evidence suggesting multiple transactions in Bengaluru-based Rajesh Exports’ shares via alleged benamidars, through which more than $20 million may have been siphoned out of the country. The searches also revealed a major discrepancy in the company’s gold holdings, with the physical stock of the metal found during the operation allegedly around 40% lower than the quantity reflected in the company’s books of accounts, sources said. The latest action comes days after the Securities and Exchange Board of India (SEBI) issued an interim order accusing Rajesh Exports of inflating revenues by about Rs 15.15 lakh crore between FY21 and FY25 and barred the company and its promoter-chairman Rajesh Mehta …









