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Bombay HC Quashes FIR Against Former Axis Mutual Fund Chief Dealer In Alleged Front-Running Case
The Bombay High Court quashed an FIR against former Axis Mutual Fund chief dealer Viresh Joshi in an alleged front-running case, holding that prosecution under the SEBI Act can begin only on a SEBI complaint. The court urged SEBI to act promptly if the allegations warranted action and left other independent offences open.
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