Ex-Axis Fund Manager Arrested for Alleged Front-Running Scheme

Viresh Joshi, who used to manage money for Axis Mutual Fund, was arrested.

The authorities say he used information about future trades to make money for himself before his clients could trade, which is called front-running.

This is against the law and can hurt other investors.

Joshi allegedly made a lot of money this way.

He is accused of cheating investors and has been taken into custody.