Archive · 5 Sep 2025
Court Denies Bail to Ex-Axis Fund Manager Viresh Joshi
A court in Mumbai has refused to grant bail to Viresh Joshi, who used to work at Axis Mutual Fund.
He is accused of using secret information about trades to make money for himself.
The court believes he shared this confidential data for his own benefit, engaging in a practice called front-running.
This involves using private knowledge of upcoming stock trades to buy or sell shares before the public, in order to make money.
The court's decision reflects the seriousness of the allegations.
A court denied bail to Viresh Joshi.
Joshi is a former chief trader and fund manager at Axis Mutual Fund.
He was arrested on August 2.
Joshi is accused of misusing confidential trading information.
The allegations involve preemptive trading of stocks for personal gain (front-running).
- Who
- Viresh Joshi, former chief trader and fund manager of Axis Mutual Fund.
- What
- The court denied bail to Viresh Joshi.
- When
- Joshi was arrested on August 2.
- Where
- Mumbai
- Why
- Due to allegations of misusing confidential information for personal gain through illegal trading.
- Defendant
- Viresh Joshi, Former Chief Trader and Fund Manager, Axis Mutual Fund
- Charges
- Misusing confidential trading information
- Allegation
- Sharing sensitive information for personal gain
- Action
- Preemptively traded stocks for personal profit (front-running)
- Arrest Date
- August 2
- Court Decision
- Bail denied
