Rajesh Exports experienced a 5% drop in its stock price following allegations of financial misrepresentation amounting to ₹15.15 lakh crore. The company has firmly rejected the scam allegations. This development has led to increased market scrutiny, with investors paying close attention to institutional investors such as the Life Insurance Corporation of India (LIC). The situation reflects heightened sensitivity in the Indian equity markets towards corporate governance and transparency issues among large-cap companies. Alleged ₹15.15 lakh crore financial misrepresentation sparks market panic; investors scrutinise institutional giants, including LIC. The update was published on 5 Jun 2026, 8:17 pm. Rajesh Exports, Life Insurance Corporation of India remain central to this update.