Monday, August 15, 2022
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IT seizes over Rs 55 crore unaccounted cash in raids connected to sacked Axis Mutual Fund manager

The income tax (IT) department has seized unaccounted deposits exceeding Rs. 55 crore in the raids conducted on Viresh Joshi, the former chief trader and fund manager of Axis Mutual Fund. Along with Joshi, the department had also searched a few middlemen and several brokers linked to him over

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Sebi carries out search and seizure operations to probe Axis MF front-running Case

The Securities and Exchange Board of India (Sebi) carried out 'search and seizure' at 16 entities including offices of Axis Mutual Fund, stock brokers and individuals as part of the ongoing probe into suspected wrongdoings by two former fund managers of Axis MF, said a person with direct knowledge

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After Viresh Joshi, Axis Mutual Fund sacks second fund manager under probe for front-loading

Axis Mutual Fund has fired Deepak Agrawal, the second fund manager facing probe for front-loading and insider trading. Last Wednesday, India's seventh-biggest asset manager by way of pooled cash under management had sacked its chief dealer Viresh Joshi for the same charges. The fund house, however, has not specified

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Axis Mutual Fund sacks its chief dealer Viresh Joshi facing probe for front-running

Axis Mutual Fund, India's seventh-biggest asset manager by way of pooled cash under management, has sacked its chief dealer Viresh Joshi who is facing probe for suspected irregularities. "Axis AMC has been conducting a suo moto internal investigation since February 2022, using reputed external advisors to assist with this

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Under scanner for front running? Axis Mutual Fund sends two of its fund managers on leave

Axis Mutual Fund is believed to have sent two of its top fund managers, Viresh Joshi and Deepak Agrawal, on leave. According to ET NOW, the decision to send them on leave came after allegations of front running. Sebi is believed to have taken cognisance of the case and launched

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