Axis mutual fund front-running: ED registers case under FEMA, conduct raids

The Enforcement Directorate is conducting searches at premises linked to Viresh Joshi, former chief trader of Axis Mutual Fund, in a forex violation case. Joshi was dismissed in May 2022 after allegations of front-running and broker payments. The Income Tax department had previously attached Rs 57 crore of his fixed deposits. The Enforcement Directorate is conducting searches at premises linked to Viresh Joshi, former chief trader of Axis Mutual Fund, in a forex violation case. Joshi was dismissed in May 2022 after allegations of front-running and broker payments. The Income Tax department had previously attached Rs 57 crore of his fixed deposits.  Economic Times

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