ED seizes Rs 12.96 Lakh in foreign currency after raids against former Axis Bank Mutual Fund manager

The Enforcement Directorate has charged Viresh Joshi, a former chief trader at Axis Mutual Fund, with sharing sensitive market information with brokers in Dubai for kickbacks. Searches in Mumbai and Kolkata uncovered foreign currencies and documents related to overseas properties. Joshi allegedly earned illegal profits amounting to Rs 30.56 crore through front running activities.