https://www.taxtmi.com/news?id=51387 Allegations describe a scheme where a former fund manager and other traders exploited confidential Axis Mutual Fund order information to execute proprietary trades ahead of fund orders, using mule accounts and an overseas terminal to generate illicit gains. Authorities allege proceeds were layered through shell entities and family-owned accounts, prompting anti-money-laundering and foreign-exchange civil inquiries, multi-city searches, asset restraints and custodial steps under the anti money laundering framework. en-us Sun, 03 Aug 2025 15:01:05 +0530 Sun, 03 Aug 2025 15:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51387 Allegations describe a scheme where a former fund manager and other traders exploited confidential Axis Mutual Fund order information to execute proprietary trades ahead of fund orders, using mule accounts and an overseas terminal to generate illicit gains. Authorities allege proceeds were layered through shell entities and family-owned accounts, prompting anti-money-laundering and foreign-exchange civil inquiries, multi-city searches, asset restraints and custodial steps under the anti money laundering framework. News - Sun, 03 Aug 2025 15:01:05 +0530 https://www.taxtmi.com/news?id=51387