Industry

SEBI penalises officials of FTAMC

SEBI imposed a penalty totalling ₹15 crore on senior officials of Franklin Templeton AMC (FTAMC) and trustee for violating norms in the case of winding up of six debt schemes in 2020.

A fine of ₹3 crore has been levied on Franklin Templeton Trustee Services Pvt. Ltd. and ₹2 crore each on Franklin Asset Management (India) Pvt. Ltd. president Sanjay Sapre and CIO Santosh Kamat.

In addition, SEBI imposed a penalty of ₹1.5 crore each on Kunal Agarwal, Sumit Gupta, Pallab Roy, Sachin Padwal Desai and Umesh Sharma, who were the fund managers at the time of violation.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Aug 1, 2021 5:28:50 PM | https://www.thehindu.com/business/Industry/sebi-penalises-officials-of-ftamc/article34816048.ece

Next Story