Pravesh Jain

Proud son of 56 parents living in old age home "Ghauraunda", Columnist, Commentator, Chairman Paras Group of Companies,

[Pravesh Jain @PRAVESHPARAS]

I have a old age home in the name of Gharonda..58 old persons above the age of 85 live there. No donations of any kind. Food to medicine to anything at no cost..Today mr Bhatia who is 96 living since 2004 phoned me to know How is everything. Tears flowed from my eyes.@LangaMahesh

[Nehr_who? @Nher_who]

"Due to extreme summer conditions,the water that we distribute evaporates on the way,which is why there is a water shortage in Delhi"

This is how CM Rekha Gupta justifies the water crisis in Delhi

I wonder how she can say such stupid things with a straight face

[Umashankar Singh उमाशंकर सिंह @umashankarsingh]

लंच के समय पानी पी ही रहा था कि दो निवालों के बीच आधे से ज्यादा ग्लास पानी evaporate हो गया… हाय री दिल्ली की गर्मी… 🥵

[Swati Chaturvedi @bainjal]

Offered without comments

[Pravesh Jain @PRAVESHPARAS]

@iamnarendranath आप @ANI के बारे ने क्या कहेंगे ।

[Pravesh Jain @PRAVESHPARAS]

Dr Shamika Ravi chief economics adviser to prime minister says what if rupee falls below 100 to a dollar? It is just a number. Madam I have also post graduation in economics from premier institute and have little knowledge on economics, of course not as much as you have.
A sharp INR slide triggers imported cost-push inflation: crude oil, electronics, and capital goods become costlier, transmitting directly into elevated diesel/petrol prices and logistics expenses via higher landed costs and working capital needs. These are normal.
More critically, corporates with External Commercial Borrowings (ECB) or foreign currency debt face severe exchange rate translation losses. Debt servicing in rupee terms surges, compressing EBITDA margins, elevating interest coverage ratios, and risking covenant breaches. This can precipitate corporate deleveraging stress, reduced capex, rating downgrades, and potential defaults—amplifying systemic credit risk. Rupee falling to a level of 100-102 is a psychological number. 100 is a magic number. 100 is a psychological number. Madam Shamika Ravi there are 100 ways to defend rupee falling and it’s not having any impact but kindly give reasonable argument not like andhbhakt. ऐसा नहीं कुछ भी , कुछ भी बोलोगी और चलेगा ।
Ultimately, rupee falling erodes investor confidence, pressures forex reserves, and risks a self-reinforcing depreciation-inflation spiral, undermining macroeconomic stability. @DILIPtheCHERIAN @iamnarendranath @JournoAshutosh @ashutosh83B @bainjal @rohini_sgh @suhasinih @vijaita @latha_venkatesh @ShereenBhan @suchetadalal @RBI @Smita_Sharma @sardesairajdeep @maryashakil @NidhiKulpati5 @NEETAS11

[Pravesh Jain @PRAVESHPARAS]

Rajesh Exports scam has sent a shock waves to investors, FIIs, foreign investors, financial regulators, banks, financial institutions and I suppose for govt too. My more shock is why stock market didn’t tumble down today even after interim order of SEBI @SEBI_India against Rajesh Exports for such a massive , massive scam. This scam is much bigger than Harshad Mehta scam of early 90s. Who are controlling market. Who is God father of Rajesh Mehta? I am not using the word Mr Rajesh Mehta purposely as I am in depression, anger and frustration.
I have got 20 valid questions which came to my mind and I kept on thinking whole day.
1. How did Rajesh Exports allegedly inflate revenues by 99.8% (rupees15.15 lakh crore) over FY21-FY25 without triggering red flags in annual audits or stock exchange filings?
2. What role did statutory auditors play in verifying transactions with overseas subsidiaries like Valcambi SA, especially when standalone filings showed negligible revenues?
3. Why did SEBI take until June 2026 to issue an interim order despite a shareholder complaint in March 2024 alleging financial misrepresentation?
4. During Madhabi Puri Buch’s tenure as SEBI Chairperson (2022-2025), what specific monitoring mechanisms for high-value exporters in the gems & jewellery sector failed to catch the scale of alleged misstatements?
5. How were consolidated financials accepted when group companies reportedly lacked supporting invoices, purchase records, or verifiable gold trade documentation?
6. What due diligence did the Canara Bank-led consortium perform before extending fresh or rollover loans, given earlier NPA classifications and disputed foreign exchange dealings?
7. Why did credit rating agencies continue assigning favorable ratings?
8. How much of the promoter’s personal benefit (e.g., rupees 339 crore allegedly routed to Rajesh Mehta’s accounts) came from public shareholder funds or bank borrowings?
9. What lapses occurred in disclosures of related-party transactions and subsidiary financials under LODR regulations?
10. Did institutional investors like LIC conduct independent forensic checks on the company’s gold mining/refining claims (including dubious African mine assertions) before increasing stakes?
11. How effective were internal controls and whistleblower mechanisms within Rajesh Exports, and were any alerts ignored by the board?
12. What systemic gaps in SEBI’s surveillance of export-heavy companies allowed fictitious overseas revenues to prop up market capitalization for years?
13. Were there violations in foreign exchange management (FEMA) or RBI guidelines on gold imports/exports that banks and regulators overlooked?
14. Why were retail investors and FIIs not protected earlier through circuit breakers, enhanced disclosures, or trading restrictions despite anomalous revenue growth?
15. What was the role of merchant bankers or intermediaries in past fund raises or bond issuances based on these inflated numbers?
16. How did the company’s claims of massive operational scale reconcile with physical gold supply chain realities tracked by customs and GST authorities?
17. Were there conflicts of interest or inadequate expertise in the audit committee and independent directors’ oversight?
18. What recovery prospects do banks and investors have now, and should there be a full forensic audit ordered by courts or CBI?
19. Does this case highlight broader weaknesses in India’s corporate governance framework for family-promoted multinationals in commodity sectors?
20. What policy reforms (e.g., mandatory subsidiary audits, real-time transaction reporting for exporters, or stricter promoter accountability) are needed to prevent similar scams in future?
@DILIPtheCHERIAN @latha_venkatesh @ShereenBhan @suchetadalal @bainjal @RBI @nsitharaman @PMOIndia @suhasinih @vijaita @iamnarendranath @LangaMahesh @NDTVProfitIndia @sardesairajdeep @BDUTT @canarabank @Swamy39 @NKSingh_MP @MishraPrac @rohini_sgh @NidhiKulpati5

[Pravesh Jain @PRAVESHPARAS]

@Jairam_Ramesh 10.8% at what cost LIC has taken is yet to be seen.

[Pravesh Jain @PRAVESHPARAS]

Noida Authority and UP administration , enough is enough! One hour of storm and heavy rain, and your city collapses: drains completely choked, roads turned into rivers, trees crashing down, and Sector 15A residents wading through the mess. You proudly market modern infrastructure, yet every downpour repeats Delhi’s shameful story — zero maintenance, blocked stormwater systems, and criminal negligence. Promises of smart planning lie shattered . Citizens pay high taxes and EMIs for this? Clean the drains properly, desilt before monsoons, enforce waste management, and fix this once and for all. Your “world-class” dream is drowning residents in reality. Act now or lose all credibility! It took me one hour to reach from Defence Colony, New Delhi to Sector 15 A Noida . Delhi was worse now even Noida has become more worse. @DILIPtheCHERIAN @iamnarendranath @JournoAshutosh @vijaita @bainjal @gupta_rekha @LtGovDelhi @dmgbnagar @CeoNoida @noidapolice @myogiadityanath @ChiefSecyUP @MCD_Delhi

[Pravesh Jain @PRAVESHPARAS]

@ANI Integrity and quality and ethics standards are missing in India. How could Rajesh Exports scam took place inspite of his putting hall mark in his manufacturing.

[Pravesh Jain @PRAVESHPARAS]

@harsh8848 Stock market is unaffected after massive scam has come to light.

[Pravesh Jain @PRAVESHPARAS]

Market cap game is bigger than actual profit or revenue. Many Jwellers who are listed in stock exchange are making fictitious billings so as to show more revenue and profits and earn much more through market cap and it doesn’t matter how much they lose as GST or Income tax. Here Rajesh Exports was also giving income tax but he was simultaneously availing exports incentives. Govt was happy that exports figures were going up and up. More surprising and shocking is that market remains unaffected today. Why ? Market cap ? We are borne corrupt. When is ED entering his (Mr Mehta) premises and his charted accountants who were auditing and certifying his Balance Sheets. @bainjal @LangaMahesh

[Pravesh Jain @PRAVESHPARAS]

@bainjal What picture you have shown Swati 😆. He looks like small jeweller. Would he be arrested or run away.

[Pravesh Jain @PRAVESHPARAS]

@ANI Lalit Modi Is fugitive and fraudster . Why go after his interview. Whatever he is speaking is bulshit . Madam @ANI take interview of Mr Mehta of Rajesh Exports .

[Pravesh Jain @PRAVESHPARAS]

In March 2024, a shareholder complaint triggered SEBI’s probe into Rajesh Exports. By June 3, 2026, SEBI’s interim order (109 pages) alleged the company fictitiously inflated consolidated revenues by rupees 15.15 lakh crore over FY21-FY25 via double-counting gold transactions without real sales or records.
The firm showed non-cooperation (denying ERP access, citing Swiss laws), fund diversion to promoter Rajesh Mehta’s accounts for personal trades, and governance lapses. SEBI barred Mehta from securities dealings, ordered fresh forensic audit, and flagged auditor issues. Who the hell Mehta is to delay or deny in cooperating with @SEBI_India
Bad effects on Indian stock market:
• Investor losses: Retail, LIC (10.8%), FIIs (14%) face sharp erosion; shares hit 5% lower circuit (~rupees 104), down ~79% in 5 years, wiping rupees 12,726 Cr shareholder wealth.
• Questions must be asked to LIC for its Due diligence. There looks to be possible political pressure; boosts scrutiny on export firms, may slightly dent govt export figures perception.
Since this scam started from 2021 then what was earlier @SEBI chief Madam Butch was doing ? Questions must be asked from her also.
-Hits mid/small-cap sentiment, raises governance fears, volatility, FII outflows risk, and there is an urgent need for ED raids as it is clear case of money laundering . ED must probe immediately .Need be he should be arrested immediately to know real story. It is not a small scam. It used to take place somewhere 1995-2000, when govt allowed value based free duty import licence. Then exporters used to do fictitious exports so as to get duty free import licence
Average investors suffer confidence loss in PSU/ institutional holdings.
This is a major accounting fraud case.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​it is just shocking. More shocking is why Mr Mehta is not cooperating? Take him to task. Our listed companies and corporate sector has governance role. @DILIPtheCHERIAN @iamnarendranath @JournoAshutosh @ashutosh83B @bainjal @rohini_sgh @ShereenBhan @latha_venkatesh @suhasinih @vijaita @RBI @nsitharamanoffc @PMOIndia @NKSingh_MP @TVMohandasPai @MishraPrac @jainsarthak4 @TweepleLeaf @LangaMahesh

[Pravesh Jain @PRAVESHPARAS]

@InvestorOfJAMMU Who is behind forcing LIC to increase its stake in Rajesh Exports to approx 10%.

[Pravesh Jain @PRAVESHPARAS]

TMC faces post-defeat implosion or explosion . After TMC’s crushing loss to BJP in the 2026 West Bengal polls (reduced to ~80 MLAs from dominance), internal revolt has erupted. Around 50 MLAs reportedly met secretly, backing expelled Ritabrata Banerjee as LoP, alleging forged signatures in Abhishek Banerjee, led decisions on key posts. What you actually need is 54 MLAs to avoid anti defection law.
Why the split? Primarily resentment against Abhishek’s hegemonic control, sidelining old guard, I-PAC-style centralization, and perceived dynastic Aunty-nephew rule after 15 years in power. Defeat exposed accumulated grievances cut money, full corruption at all levels. authoritarianism fueling rebellion.
Constitutionally valid (2/3 MLAs can claim symbol under anti-defection/EC rules, as in Shiv Sena). Morally opportunistic, but politics rewards winners. BJP unlikely to absorb many tainted rebels. Supreme Court/Election Commission will decide the symbol; Mamata’s era looks terminal as loyalty fractures. Long fight ahead, but momentum favors disintegration.
Regional parties are losing control because of family run party and huge corruption. Left, TMC, DMK, AIDMK, BSP, Muslim party is on collapse. Let’s see Smajvadi party and Aam Aadmi party in UP and Punjab assembly elections. Aam party is going to stay for long. Chadha or No Chadha.
Whatever may be , politics has become dirty and business. Worldwide few large corporate houses will have dominance in politics and governance. 80% people are happy with free ration or free electricity and water or free bus or 3000 per month to ladli behna or bhaiya or ladla jijaji. They are quite happy with this. I am also happy with my Dal roti and yellow rice with peas. @DILIPtheCHERIAN @iamnarendranath @JournoAshutosh @ashutosh83B @bainjal @rohini_sgh @suhasinih @vijaita @NidhiKulpati5 @LangaMahesh @MamataOfficial @abhishekaitc @sagarikaghose @MahuaMoitra @derekobrienmp @yadavakhilesh @ArvindKejriwal @RahulGandhi @TweepleLeaf @jainsarthak4