No adverse findings so far: Franklin Templeton MF on money laundering

Franklin Templeton Mutual Fund on Friday claimed that there were “no adverse findings” against it or its employees, days after the Enforcement Directorate registered a money laundering case against them and Sebi sent a show-cause notice.

It has filed a detailed response to the show-cause notice issued by the Securities and Exchange Board of India (Sebi) to the company and its key personnel who had redeemed their investments days or weeks before the closure announcement.

The fund house had shuttered its six debt schemes in April last year due to the severe market dislocation and illiquidity caused by the Covid-19 pandemic. With