InvestorQ : What is the latest on the Franklin Templeton case? When are people getting back their money invested in Templeton?
Khushi Patel made post

What is the latest on the Franklin Templeton case? When are people getting back their money invested in Templeton?

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Anjana Aiyar answered.
4 weeks ago
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Last week EOW Chennai wing had registered a FIR against Templeton Fund and the trustees for alleged criminal conspiracy to defraud 300,000 investors. EOW pointed out that they had caused wrongful loss to lakhs of investors and unlawful gain to themselves.

The FIR had specifically named Santosh Kamath, MD and CIO; Sanjay Sapre, whole time member; as well as their directors; Jayaram Iyer, Vivek Kudva, RV Subramaniam and Pradip P Shah. They all have criminal cases filed against them in this regard.

Templeton clarified that the schemes under winding up had already received more than Rs.8500 crore from maturities, prepayments and coupons since April 24 when the schemes had been locked up. They just needed more time to monetize and repay.

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