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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 ...
Viresh Joshi who was working in Axis Mutual Fund as Chief Trader and fund manager was sacked in May 2022 over front running allegations
In the recent past, India’s mutual fund industry has been hit by several charges of front-running. The Securities and Exchange Board of India (Sebi) has acted in three cases, including its ongoing investigation into Axis Mutual Fund. Mint explores the crisis.
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
Former Chief Trader and Fund Manager of Axis Mutual Fund Viresh Joshi is on the radar of the Income Tax Department amid allegations of irregularities.Joshi has been accused of taking bribes from the brokers in lieu of sharing mutual fund's ...