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Former fund manager Viresh Joshi arrested for alleged front-running, an illegal trading scheme.
Former Axis Mutual Fund manager Viresh Joshi has been arrested for allegedly cheating investors through front-running, an illegal practice where traders use advance knowledge of client orders for personal gain.
The Enforcement Directorate (ED) alleges that Joshi and other traders exploited confidential trade information to generate illicit profits of over ₹200 crore.
Joshi, arrested on August 1, has been remanded to ED custody until August 8.
The ED has frozen assets worth ₹17.4 crore linked to the case.
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El ex gerente de fondos Viresh Joshi fue arrestado por presunto front-running, un esquema de comercio ilegal.