Front‑running scam: ED raids in 7 cities linked to ex‑Axis MF employee, illegal gains of over Rs 200 crore exposed
The Enforcement Directorate (ED) on Friday, August 1, conducted search operations at several premises across seven cities, Delhi, Gurugram, Kolkata, Ludhiana, Ahmedabad, Bhavnagar, and Bhuj as part of an investigation into a large-scale front-running scam involving an ex-employee of Axis Mutual Fund. The action was conducted under the Prevention of Money Laundering Act (PMLA), 2002. The…