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ED Probes Franklin Templeton, Its Officials for Money Laundering
IANS
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The enforcement directorate (ED) has registered a case of money laundering against Franklin Templeton and its senior officials.
A senior ED official related to the probe told IANS, We have registered a case of money laundering against Franklin Templeton and its senior officials.
The official said the agency registered the case on the basis of an FIR (first information report) lodged by the economic offences wing (EOW) of the Chennai police.
Notably, the EOW of the Chennai police had registered an FIR against the beleaguered Franklin Templeton Asset Management India Pvt Ltd and Franklin Templeton Trustee Services Pvt Ltd for hatching a criminal conspiracy to defraud three lakh investors by causing wrongful loss to them and unlawful gain to themselves by committing various offences under the IPC (Indian Penal Code).
In relief to unit holders of the shut schemes of Franklin Templeton India, SBI Funds Management Pvt Ltd will distribute the available cash of Rs 9,122 crore in the funds, as of January 15, among them in the coming week.
In relief to unit holders of the shut schemes of Franklin Templeton India, SBI Funds Management Pvt Ltd will distribute the available cash of Rs 9,122 crore in the funds, as of January 15, among them in the coming week.The Franklin India Ultra .
In relief to unit holders of the shut schemes of Franklin Templeton India, SEBI Funds Management Pvt Ltd will distribute the available cash of Rs 9,122 crore in the funds, as of January 15, among them in the coming week.The Franklin India Ultra .