Bombay High Court Quashes FIR Against Former Axis Mutual Fund Dealer in Front-Running Case
The Bombay High Court quashed an FIR against Viresh Joshi, former chief dealer at Axis Mutual Fund, in a case alleging a ₹2.52 lakh crore front-running fraud affecting 6.6 million investors. The court ruled that prosecution under the SEBI Act requires a complaint from SEBI or its authorized officer, not police FIRs. The FIR, based on a complaint by an investor, was dismissed due to this legal bar. The court urged SEBI to take prompt action if warranted, while investigations by the Economic Offences Wing and Enforcement Directorate continue.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 62/100.
Outlets measured: hindustantimes, freepressjournal. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
freepressjournal broke this story on 15 Aug, 09:32 pm. Other outlets followed.