 "Sebi")
Axis Asset Management Company (AMC), Axis Mutual Fund (MF) Trustee and four former officials of the AMC have settled a case with the Securities and Exchange Board of India (Sebi) related to the 2022 front-running incident.
Chandresh Kumar Nigam, Darshan Kapadia, Jinesh Gopani, Pawan Jhangiani and the two institutions have jointly paid ₹6.3 crore to settle the matter pertaining to alleged lapses in maintaining dealing room confidentiality.
According to Sebi's settlement regulations, cases can be settled without admitting or denying the allegations.
While Nigam was the chief executive officer (CEO) of the AMC when the front-running incident took place, Gopani
