Rajesh Exports, selected under the Union Government’s Rs 18,100-crore PLI scheme, signed a high-profile MoU with the Telangana government in 2022 for a Rs 24,000-crore AMOLED display unit. The company’s repeated delays and failure to execute projects have now come under scrutiny following SEBI restrictions.
Congress questioned LIC's 10.8% stake in Rajesh Exports after SEBI alleged massive financial misrepresentation and fund diversion. Jairam Ramesh sought accountability, while SEBI barred promoter Rajesh Mehta from trading and ordered a fresh forensic audit into the company
