While Sebi’s action against alleged front-runner Viresh Joshi, a former chief dealer at Axis Mutual Fund, is commendable, the intricate nature of the operation suggests the catch was more fortuitous than inevitable
I hereby revoke the direction of restrain from buying, selling or dealing in the securities market or associating themselves with securities market, either directly or indirectly, in any manner, issued through the interim order and the confirmatory order qua Archana and Mukesh Parekh with immediate effect, Sebi's Whole-Time Member (WTM) SK Mohanty said.
These search and seizure operations were carried out at multiple locations in Jaipur, Kolkata, Noida and Pune, the sources said, without divulging any identity due to the investigation process still being underway.