India, March 10 -- A special court under the Prevention of Money Laundering Act (PMLA) has taken cognisance of an Enforcement Directorate (ED) prosecution complaint alleging the money laundering of over Rs.106 crore linked to an alleged front-running scheme involving confidential trading information from Axis Mutual Fund. The court has issued summons to six accused, including former chief dealer Viresh Joshi and his family members.

In an order passed last week, additional sessions judge RB Rote said the material placed before the court showed a prima facie case for proceeding against the accused for the offence of money laundering under the PMLA. The court observed, "considering the allegations in the prosecution complaint. it prima-faci...