Skip to main content

Posts

Showing posts from April 11, 2022

Sebi doing inspection of Invesco’s debt funds

  Sebi doing inspection of Invesco’s debt funds   The capital markets regulator has initiated an inspection of the fixed income schemes of Invesco Asset Management (India) following a complaint by a whistle-blower, two people familiar with the development. Invesco said its business and portfolios remain 'unaffected'. The whistle-blower is a former fund manager of Invesco who complained to the Securities and Exchange Board of India (Sebi) about the mismanagement of schemes at the fund house. "Sebi received a complaint a few months ago and has started inspection of the debt schemes based on the allegations made by the whistle-blower. Once the inspection report comes in, the next course of action will be taken," said the first of the two persons cited above. "It's a sensitive matter and the Sebi chairperson is handling it directly," said another person familiar with the development. The exact nature of the violations could not be ascertained. The whistle-bl...