Forensic audit report findings not final, says Franklin Templeton

Clarifies that employees who made investments in the six wound-up schemes continue to hold substantial investments in these schemes

The findings of the forensic audit are not final and might change based on clarifications provided by Franklin Templeton to auditors, the asset manager told unitholders in a letter sent on Wednesday.

“The reports regarding the findings of the forensic audit/inspection are misleading, and we believe that it is improper to make any publication regarding the forensic audit/inspection report as the matter is under the consideration of the Karnataka High Court,” said Sanjay Sapre, president of Franklin Templeton India.

He clarified that employees who invested in the six schemes continue to have substantial holdings in them. The decision to exercise a ‘put’