Debt scheme redemptions: SEBI to charge key officials of Franklin MF with fraud

Market regulator SEBI may invoke ‘fraud’ charges against some senior executives of Franklin Templeton Mutual Fund (FTMF) and the asset management company (AMC) for redeeming their personal investments from the beleaguered six debt schemes based on ‘confidential and non-public information,’ sources told BusinessLine. The officials are likely to be held guilty for violation of the Prevention of Fraudulent and Unfair Trading Practices (PFUTP) norms, conflict of interest and other code of conduct issuess, the sources said. The SEBI order is expected within the next fortnight.

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