Violation of ethics among Axis charges for dismissing top dealer Joshi3 min read 16 Jun 2022, 12:09 AM IST
The fund house has refrained from leveling an allegation of front running against the former fund manager.
The matter is being investigated by three outside firms Alvarez and Marsal, law firm AZB and auditor Deloitte.
For the firing of a top dealer, Axis Mutual Fund’s press statement on the dismissal of Viresh Joshi last month was sketchy on details, merely referring to his “conduct" and an “ongoing investigation". However, the fund house was more forthright in Joshi’s termination letter, citing multiple grounds, including violations of the company’s code of conduct and ethics.
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