BENGALURU - India’s federal financial crime agency on Thursday conducted searches on Franklin Templeton India’s former and current officers in Mumbai in relation to the closure of some funds in 2020, two sources told Reuters on Thursday.
The searches are in connection with Franklin Templeton closing six debt schemes in April 2020, which it had blamed on the lack of liquidity due to Covid-19‘s impact on the markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: