Whistleblower files complaint against Invesco mutual fund

A whistleblower has filed a complaint against Invesco Asset Management (India), alleging irregularities in the management of its fixed income schemes.

The complaint has been filed with the Securities and Exchange Board of India (Sebi) as well as with the US Securities and Exchange Commission (US SEC). The complainant has also filed a case with the Bombay High Court, which is currently at a pre-admission stage, according to two people familiar with the matter.

The whistleblower worked as a fund manager with the fund house and was allegedly sacked a few days after the complaint was filed, said one of the persons.