Rajesh Exports, a listed entity is in the eye of the storm after the Securities and Exchange Board of India (SEBI), in its 109-page interim order, stated that 97% to 99% of the nearly Rs 15 lakh crore revenue reported by the company was "inflated, egregious, and unheard of." The obvious question is: how did everyone miss this? Accountants, auditors, regulators, compliance teams, risk managers, and governance structures, where did the system fail? This points to an unprecedented level of oversight failure across multiple layers.