SEBI has initiated action against Rajesh Exports for allegedly fabricating consolidated revenues worth ₹15.15 lakh crore between FY21 and FY25. This scandal has significantly impacted LIC, whose investment value in the company dropped by ₹290 crore. Additionally, Canara Bank has classified its ₹509 crore loan to the firm as a stressed asset and initiated an auction process to recover the dues. Foreign institutional investors have also been reducing their stakes as the company's share prices continue to plummet. https://kannada.asianetnews.com/business/rajesh-exports-scam-lic-canara-bank-lose-money-sebi-allegations-san/articleshow-m7gzouf #creator program