Franklin Templeton gave Rs 518 cr loan to YES Capital

Schemes among the six wound up by the fund house had given the loan crore against non-convertible debentures (NCDs) to the firm in March 2019, according to ED's chargesheet

Franklin Templeton MF’s investments in YES Capital, a Rana Kapoor firm, have come under the glare of the Enforcement Directorate.

Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures (NCDs) to the firm in March 2019, according to the Enforcement Directorate’s (ED’s) charge sheet in the YES Bank fraud case.

The federal agency, in its report, listed 74 entities running under the three main holding companies of Rana Kapoor and his family — YES Capital, Morgan Credit, and RAB Enterprises.

“During the course of our investigation, we came across