In the garb of a compliant company, BGDL has created paper wealth now with a market cap of above Rs 12,000 crore, which is not founded on any genuine economic activity or production of any goods or services. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders
Sebi, last month, had imposed a market ban on Franklin Templeton's Asia Pacific head Vivek Kudva and his wife Roopa for redeeming units of Franklin Templeton MF schemes while in possession of non-public information
