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Madras HC wants SFIO, ED to probe Franklin Templeton scam: CFMA ​ By IANS | ​ 5 Views Madras High Court. (File Photo: IANS). Image Source: IANS News Chennai, April 1 : The Chennai Financial Market and Accountability (CFMA), an investor protection group, said on Thursday that the Madras High Court has proposed a probe by the Serious Frauds Investigation Office (SFIO) and the Enforcement Directorate (ED) into the Franklin Templeton Mutual Fund (FTMF) scam. The investigation would be in addition to the EOW and SEBI probe into the matter, the CFMA said in a statement. Notably, the FTMF had abruptly shut six debt schemes in April last year involving over Rs 26,000 crore, leaving three lakh unit-holders in the lurch by using Covid-19 as an excuse for the mismanagement of the schemes and to escape from its criminality.

Tamil naduJustice sanjib banerjeeJustice senthilkumar ramamoorthyFranklin templetonMadras high courtSerious frauds investigation officeFranklin templeton mutual fundSecurities exchange board of indiaChennai financial marketEnforcement directorateEconomics offences wingChief justice sanjib banerjeeEconomic offences wingSecurities exchange boardChief secretaryHome secretary