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    • News From Press IT seizes over Rs 55 crore unaccounted cash in raids connected to sacked Axis Mutual Fund manager

    IT seizes over Rs 55 crore unaccounted cash in raids connected to sacked Axis Mutual Fund manager

    Source: ET Aug 6, 2022

    The income tax (IT) department has seized unaccounted deposits exceeding Rs. 55 crore in the raids conducted on Viresh Joshi, the former chief trader and fund manager of Axis Mutual Fund. Along with Joshi, the department had also searched a few middlemen and several brokers linked to him over suspected tax evasion.

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