Rajesh Exports Shares Plunge 5% as ED Probes Unusual Salary Practices

Shares of $RAJESHEXPO d hit the 5% lower circuit on Thursday amid concerns over an ongoing Enforcement Directorate (ED) investigation. The probe has uncovered alleged irregularities, including suspected share price manipulation, missing records of foreign transactions, and questionable remuneration practices for top management. According to sources, the ED is examining unusually high salary payouts that deviate from industry norms. The development has triggered investor unease, leading to a sharp sell-off in the stock.