Axis MF front-running case: Sebi bars former MF dealer Viresh Joshi for 7 years, imposes ₹3 crore penalty

Sebi has barred former Axis Mutual Fund chief dealer Viresh Joshi from the securities market for seven years over his alleged role in a front-running case. The regulator also imposed a ₹3 crore penalty on Joshi and took action against 20 other individuals linked to the matter.

Sebi has banned Viresh Joshi and Prijesh Kurani from the securities market for seven years. This action stems from a front-running case involving Axis Mutual Fund trades. The regulator also ordered Rs 30.56 crore in impounded funds to be treated as disgorgement. Joshi allegedly…