<h1>Ex-Fund Manager Arrested for Front-Running, Money Laundering Under PMLA and FEMA Sections</h1> A former fund manager of a major mutual fund company was arrested under anti-money laundering laws for allegedly engaging in front-running, an illegal practice involving trading on advance knowledge of client orders, resulting in investor losses estimated at Rs 2 lakh crore. The Enforcement Directorate initiated searches across multiple cities and is investigating under the Prevention of Money Laundering Act and Foreign Exchange Management Act provisions. The accused reportedly used a terminal abroad and mule accounts to execute illicit trades from 2018 to 2021. The probe revealed involvement of multiple traders and brokers who generated illicit profits exceeding Rs 200 crore, which were laundered through shell companies and family-owned accounts. Authorities have frozen assets worth Rs 17.4 crore linked to the case. The investigation follows an FIR filed by local police alleging exploitation of confidential trade information to cheat investors.