Axis Mutual Fund probe: I-T dept raids ex-fund manager Viresh Joshi's house

The Income Tax department conducted raids on premises linked to former chief trader and fund manager of Axis mutual fund Viresh Joshi on Saturday, reported to The Economic Times. The I-T department also conducted raids on premises linked to middlemen and several brokers on allegations of suspected tax evasion.
 
Joshi was sacked in May by the Axis Asset Management Company over allegations of front running.
 
The I-T dept officials also questioned Joshi and the brokers involved in the case, ET reported quoting sources, who added that the I-T action came based on the information shared by market regulation