India: EOW Chennai registers FIR against Franklin Templeton

The Economic Offences Wing (EOW), Chennai, on Friday registered a first information report (FIR) against Franklin Templeton India, its trustee company, and senior management, including the fund manager, for allegedly defrauding the 300,000 unitholders stuck in its six shut debt schemes. The FIR is based on a complaint filed by the Chennai Financial Markets & Accountancy (CFMA), an investor group, in May this year.