HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case

Mumbai: The Bombay High Court on Friday issued a notice to the Central Board of Investigation in a plea related to an alleged multi crore mutual fund scam case against Viresh Joshi, a former manager at Axis Mutual Fund, and others, in connection with the multi-crore ‘front-running’ fraud. A bench of justice Revati Mohite-Dere and justice Dr. Neela Gokhale was listening to a plea file by Soni Parmar, through advocate Pratap Nimbalkar. HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case The Sion police had earlier registered a first information report based on a complaint by Parmar. It also alleges that an investigation conducted by the Securities Exchange Board of India, brought to light Joshi and others’ role in front-running trades, based on non-public information provided by Joshi to stockbrokers.