Friction #18: Franklin Templeton’s brokerage puzzle and Mistry coming off second best in fight with Tatas

Franklin Templeton's unpaid brokerage in the six debt schemes is another unsolved puzzle. The futility of the legal fight between Tata Group and Mistry clan.

If you thought there were no more skeletons left in Franklin Templeton India’s closet, you need to think again. Having written a fair bit on the unethical behavior of its top management and fund managers in the run-up to the closure of its six debt mutual fund schemes, even I thought I was done with the asset management company for a while. But there is some new information that’s come to light. We will get to it in a bit. 

I’d like to state at the outset that the Rs 15,000-odd crore which has come into Franklin Templeton’s six wound …


Jayshree P. Upadhyay

Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.