In SAT, ex-Axis MF's Joshi seeks Sebi files

Viresh Joshi, a former fund manager at Axis Mutual Fund (MF), on Wednesday in his appeal before the Securities Appellate Tribunal sought certain documents from the Securities and Exchange Board of India (Sebi) in a case related to his alleged involvement in front running.

- Priyanka Gawande

The case pertains to a series of allegations including front running, receiving bribes from brokers and placing trade orders at inflated prices against certain entities a mix of companies and individuals -of Axis MF, in "complete disregard for investors' interests". Front-running includes buying a stock prior to an expected large transaction by an MF that is likely to raise the share price.