Franklin Templeton Mutual Fund, which, in April, spooked the markets by shutting six debt schemes, could face Securities and Exchange Board of India (Sebi) heat as a forensic auditor has submitted adverse findings against the fund house.
According to sources, the audit report, submitted to the market regulator on Friday, has shown certain lapses in the dealings of the wound-up schemes.
In May, Sebi had appointed Chokshi & Chokshi, an accounting and audit firm, to examine any regulatory violation, for ensuring that the winding up process was done in a fair and transpar.....
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.