Sebi extends deadline for Franklin Templeton MF audit by about a month

As per earlier timeline, Chokshi & Chokshi was to complete by first week of July but given the tedious nature of the probe, it will be allowed to submit its finding by end July or first week of August

The Securities and Exchange Board of India (Sebi) has granted more time to auditor Chokshi & Chokshi which is looking into the dealings of six schemes shut down by Franklin Templeton Mutual Fund (MF), said people with the knowledge of the development.

As per the earlier timeline, the chartered accountant and forensic audit firm was to complete the investigation by the first week of July. However, given the tedious nature of the probe, the auditor will be allowed to submit its finding by end July or first week of August, added a source.

“Initially, Sebi had given Chokshi & Chokshi