Franklin Templeton taps govt channel via envoy, seeks fair hearing

Franklin Templeton (FT) has tapped diplomatic channels seeking a “just and fair” hearing by the Securities and Exchange Board of India (Sebi) in ongoing regulatory and legal proceedings involving liquidation of the asset manager’s six debt schemes in the country. “If we are hit with unfairly large penalties — whether by fine or disgorgement — that not only would discriminate against a major US-based global investment manager, it also would