The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities.
Viresh Joshi has filed a lawsuit accusing the asset management company of unfairly terminating his employment in connection with a suspected front-running case.
Axis Mutual Fund has terminated the employment of their chief dealer & fund manager Viresh Joshi. Sumaira Abidi brings you up to speed on the latest developments & the recommendation for unit holders.