Following the registration of an FIR by the Chennai Police, Franklin Templeton has responded for the first time by saying they have not yet seen the copy of the FIR.
The Economic Offences Wing (EOW) of the Chennai Police has registered a first information report (FIR) against the beleaguered Franklin Templeton Asset Management India Pvt Ltd (FTAMIL) and Franklin Templeton Trustee Services Pvt. Ltd. (FTTSPL) for hatching criminal conspiracy to defraud three lakh investors by causing wrongful loss to them and unlawful gain to themselves by committing various offences under the IPC.
The FIR also names Santosh Das Kamath, MD and Chief Investment Officer, FTAMIL, Sanjay V. Sapre, whole time member, FTAMIL, and their directors Jayaram Subramaniam Iyer, Vivek Kudva, R.V. Subramaniam, Pradip P. Shah among others.