Axis Mutual fund, 5 others settle case of front running with Sebi

MUMBAI: Axis Mutual fund, along with five other entities, has settled a case of front running by its former head of dealing Viresh Joshi by paying Rs 6.3 crore to markets regulator Sebi. Along with the fund house, the trustee company, Chandesh Nigam, its former MD, and three others were involved in the settlement process. They had filed the settlement application on a ‘suo motu’ basis.