 "Franklin Templeton MF")
The Enforcement Directorate on Thursday conducted searches on the residences of Franklin Templeton India’s former and current executives in Mumbai and Chennai in relation to the closure of some funds in April 2020.
The federal agency conducted searches on Chief Investment Officer Santosh Kamath, former Asia-Pacific distribution head Vivek Kudva, his wife Roopa Kudva, who is also managing partner, Omidyar Network India, as well as on former India president Sanjay Sapre, among others, informed sources.
The searches are in connection with irregularities regarding withdrawals of investments from six debt schemes before they were closed on April 23, 2020, which the
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