Axis MF Fund Manager Charged of 106 Crore Fraud
The Enforcement Directorate (ED) has actually charged Viresh Joshi, a former fund manager at Axis Mutual Fund (MF), of orchestrating a 106 74 crore fraudulence during the pandemic.
- Joshi purportedly manipulated remote job problems to carry out front-running professions in between September 2021 and March 2022
- He is implicated of making use of secret information to benefit himself and connects with shell companies.
- The ED introduced its probe based on a December 2024 FIR, arresting Joshi in August 2025
- An unique court has extended Joshi’s judicial protection and acknowledged a prima facie instance for money laundering, issuing summons to all six accused.