Market regulator Securities and Exchange Board of India (SEBI) has passed an interim ex-parte order against Rajesh Exports Ltd. (REL) and its Chairman and Managing Director, Rajesh Mehta, citing prima facie findings of financial misrepresentation, fund-routing irregularities and non-cooperation during an ongoing investigation. SEBI alleged that in the interim order, REL misrepresented consolidated revenues aggregating to approximately Rs 15.15 lakh crore, representing 99.80 percent of the total revenue.