• Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer
Wednesday, September 20, 2023
NewsLiveNation
No Result
View All Result
  • Login
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
  • Contact us
  • Business
    • Economy
    • Finance
    • Insurance
  • Health
  • Lifestyle
    • Travel
  • News
    Michael Richards Net Worth

    Michael Richards Net Worth (2023): Car, Career, Awards.

    Twitter

    yesu_x Twitter: Biography and real identity

    Marcel Young: the son of legendary rap singer Dr. Dre

    Lou Sulola Samuel: A Child Supermodel

    Lou Sulola Samuel: A Child Supermodel

    Michael Other’s Tiffany Roy Bio

    Michael Other’s Tiffany Roy Bio

    Coronavirus variants detected via covid-19 tests, labs suggest

    Coronavirus Variant Detected via Covid-19 Tests,Labs Suggest

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Entertainment
    • National
    • Politics
    • World
  • Opinion
  • Science
  • Tech
No Result
View All Result
Morning News
No Result
View All Result
Home Economy

FIR lodged against Franklin

newslivenation by newslivenation
September 25, 2020
in Economy
0
FIR lodged against Franklin
0
SHARES
37
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Mumbai: The Economic Offences Wing (EOW), Chennai, on Friday registered a primary info report (FIR) against Franklin Templeton India, its trustee firm, and senior administration, together with the fund supervisor, for allegedly defrauding the 300,000 unitholders caught in its six shut debt schemes. The FIR relies on a criticism filed by the Chennai Financial Markets & Accountancy (CFMA), an investor group, in May this 12 months.

This comes against the backdrop of the Karnataka excessive court docket ending listening to the arguments within the 4 investor petitions filed against the asset administration firm (AMC) against its choice to wind down the schemes.

The excessive court docket was listening to the instances collectively and has requested all events, together with the Securities and Exchange Board of India (Sebi), to make their closing submissions.

Sebi has additionally given a replica of the forensic audit report of those schemes to the court docket in a sealed envelope. The forensic audit, in keeping with a Mint report on 14 September, discovered that the fund supervisor didn’t take corrective steps when underlying bonds began turning illiquid, its short-term funds held long-term securities, and there have been extreme redemptions in months earlier than the shutdown. Concern was additionally not raised for it being the only real lender to 26 issuers. On 23 April, Franklin Templeton determined to close down its suite of six debt schemes due to extreme illiquidity and redemption pressures. These schemes had mixed asset underneath administration in extra of ₹25,000 crore.

CFMA on Friday additionally stated that it’s considering submitting a category motion go well with against Franklin Templeton world for restoration and to assert damages. It has urged all aggrieved buyers to return collectively for submitting the go well with, “particulars of which might be introduced quickly”.

Subscribe to Mint Newsletters

* Enter a sound e mail

* Thank you for subscribing to our e-newsletter.

Topics

[ad_2]

Source hyperlink

Table of Contents

  • READ ALSO
  • AMarkets Review 2021: Best Platform for Forex and CFD Trading
  • Government To Study Vodafone Arbitration Case Award

READ ALSO

AMarkets Review 2021: Best Platform for Forex and CFD Trading

Government To Study Vodafone Arbitration Case Award

Tags: Franklin TempletonFranklin Templeton debt issuesFranklin Templeton debt schemeFranklin Templeton Mutual Fund

Related Posts

AMarkets Review
Economy

AMarkets Review 2021: Best Platform for Forex and CFD Trading

November 17, 2021
Government To Study Vodafone Arbitration Case Award
Economy

Government To Study Vodafone Arbitration Case Award

September 25, 2020
S&P 500, Dow extend longest losing spree in a year as coronavirus cases top 7 mn
Economy

S&P 500, Dow extend longest losing spree in a year as coronavirus cases top 7 mn

September 25, 2020
Harley Close To Deal With Hero After Stopping Local Manufacturing: Report
Economy

Harley Close To Deal With Hero After Stopping Local Manufacturing: Report

September 25, 2020
Indian Economy To See Record Contraction In 2020-21 Before Sharp Recovery: S&P
Economy

Indian Economy To See Record Contraction In 2020-21 Before Sharp Recovery: S&P

September 25, 2020
Markets recoup losses, climb over 2% on hopes of govt measures
Economy

Markets recoup losses, climb over 2% on hopes of govt measures

September 25, 2020
Next Post
Paris Knife Attack Near Former Charlie Hebdo Office Is Probed as Terrorism

Paris Knife Attack Near Former Charlie Hebdo Office Is Probed as Terrorism

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

How To Make Self-Care A Part Of Your Routine

How To Make Self-Care A Part Of Your Routine

October 4, 2022
John Krasinski Net Worth

John Krasinski Net Worth: Is he richest actor of The Office?

July 24, 2023
How to Remove Weather From Taskbar?

How to Remove Weather From Taskbar?

January 12, 2023
Alvin Louise Martin

Alvin Louise Martin: Everything you need to know about Whoopie Goldberg’s ex-husband. Where is he now? 

June 1, 2022

EDITOR'S PICK

Google Adds COVID-19 Related Travel Planning Features in Search

Google Adds COVID-19 Related Travel Planning Features in Search

August 14, 2020
Waze Integration Added For Apple CarPlay Homescreen 

Waze Integration Added For Apple CarPlay Homescreen 

December 8, 2020
Vasundhara Raje Asked Congress MLAs To Support Ashok Gehlot: BJP Ally

Vasundhara Raje Asked Congress MLAs To Support Ashok Gehlot: BJP Ally

July 16, 2020
Don’t Believe Anyone Is ‘Born Genius’, Says Indian Math Wizard Who Won Gold

Don’t Believe Anyone Is ‘Born Genius’, Says Indian Math Wizard Who Won Gold

August 26, 2020

About

newslivenation.in


newslivenation.in is an open platform for people who loves to read and write. You can gather information or share your views in your words here. We will always be happy to provide the most recent facts, technological news etc. Happy reading!

Follow us

Insurance

Senior Citizens’ Guide to International Travel Insurance

September 18, 2023
animal

How to Get Rid of Ground Squirrels (2023): Everything You Need to Know

September 16, 2023
Health

How to Make Alkaline Water (2023): Top to Toe Information

September 20, 2023

Senior Citizens’ Guide to International Travel Insurance

  • Contact us
  • Privacy Policy
  • Sitemap
  • Disclaimer

Copyright © 2023 All Rights Reserved | Powered by Newslivenation

No Result
View All Result
  • News
  • Politics
  • National
  • Business
  • Finance
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

Copyright © 2023 All Rights Reserved | Powered by Newslivenation

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In