Fund Manager Arrested for Front-Running: Bail Plea Filed

A fund manager named Viresh Joshi was arrested because he is accused of front-running, which is like using insider information to make trades that benefit him.

The government thinks he made a lot of money illegally.

Joshi says the fund actually did well while he was working there.

He also says he didn't make the trading decisions.

He followed all the rules and that he has cooperated with the investigation.

The government is still investigating and Sebi previously said that Joshi was involved in front-running and must return some money.