New Delhi: The Enforcement Directorate has registered a case against senior officials of Franklin Templeton in a money laundering case. This is the first case filed by an investigating agency against him in April 2020 following the unexpectedly discontinued 3 date schemes by Franklin Templeton.
The Enforcement Directorate has registered the case in the Economic Offenses Wing of the Chennai Police on the basis of an FIR lodged against Franklin Templeton. It was lodged in Chennai on 29 September 2020 under FIR 420. In this FIA, Franklin Templeton and his CEO have been accused of cheating investors and criminal conspiracy which has caused huge losses to investors and unlawful gain to mutual fund and its executives.
The forensic audit in this case also appears to go against Franklin Templeton. The forensic audit report conducted by Choksi & Choksi also states that there are 23 such cases when the top executives of the company and others holding positions in other positions held 53 in the period of March and April 2020 before the closure of 6 debt schemes. Crores were withdrawn.