Exclusive: Sebi conducts raids at 30 locations in Maharashtra, Gujarat in Axis Mutual Fund front running case

Market regualator Securities and Exchange Board of India (SEBI) has conducted raids at several location in respect to the Axis Mutual Fund case. The raids have been conducted on 16 suspicious organisations at 32 locations. Zee Business' Tarun Sharma brings this exclusive report.

The market regulator has conducted raids at loations in Maharashtra and Gujarat and the raids have been conducted at locations of share brokers and executives of Axis Mutual Fund.

The market regultor has ceased several documents, electronic devices and laptops.

SEBI has been receiving critical information on the alleged irregularities from internal systems.    

See Zee Business Live TV Streaming Below:

It has also found several indications on front running from NSE systems.  

See Tweet Here:

एक्सिस MF मामले में SEBI का एक्शन

▪️ कई शहरों में सर्च और जब्ती जारी
▪️ SEBI को अपने सर्विलांस सिस्टम पर अलर्ट मिला था
▪️ पिछले कुछ हफ्तों से SEBI की एक्सिस MF मामले की जांच#AxisMutualFund | #SEBI | @talktotarun pic.twitter.com/V7i7julT05

— Zee Business (@ZeeBusiness) May 27, 2022

SEBI's has undertaken an investigation after receiving inputs regarding front running activities that were happening in Axis Mutual fund. 

The market watchdog is now doing a detailed probe against Axis Mutual Fund for alleged irregularities.