Haridasan, who is currently Managing Director and Co-Head of Equities at Axis Capital, has more than 20 years of experience in financial markets across different asset classes.
The Income Tax Department has conducted raids at the premises belonging to former Chief Trader and Fund Manager of Axis Mutual Fund, Viresh Joshi, in connection with alleged tax evasion.The raids were conducted on Saturday. Joshi was sacked in .
The mutual fund promoted by Axis Bank terminated the services of its fund managers, Viresh Joshi and Deepak Agrawal who were alleged to have made illicit gains through front-running activities in May.
Axis AMC, which is the seventh-largest asset management company of the country, suddenly finds itself in a soup with allegations of serious violations by its fund managers. It needs to clear the air soon on what went wrong and what it is doing to fix the problem
The legal notice, among other things, states that the termination was not in line with the laid down policies and without issuing a show cause notice to present his side of the arguments