Insurers, banks order probes in the wake of Axis Mutual Fund controversy

After reports that two Axis MF executives were implicated in front running - or, purchasing or selling shares based on non-public information that could impact the price of the share - came out, most of the major private insurance companies have started investigations to check the prospect of any employee exploiting their systems, people aware of the development said.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/insurers-banks-order-probes-in-the-wake-of-axis-mutual-fund-controversy/articleshow/91843193.cms