Axis MF frontrunning case: Axis Bank awaits probe report; will not take action against mutual fund... - Moneycontrol

The bank is standing by Axis Mutual Fund CEO and MD Chandresh Nigam after suspending two other fund house officials in connection with frontrunning allegations, say sources. But Nigam’s continuance might run afoul of the regulator.

Axis Bank will wait for the findings of an investigation into frontrunning allegations at Axis Mutual Fund before taking a final decision on penalising erring officials, according to people aware of … [+6628 chars]

full article...