Login Register
Follow Us

UP Govt for CBI probe into siphoning of PF

LUCKNOW: The Yogi Adityanath government has recommended a CBI enquiry into the siphoning of Rs 2,631 crore of provident fund money of power corporation employees in a Mumbai-based unsecure and unlisted firm.

Show comments

Shahira Naim

Tribune News Service

Lucknow, November 3

The Yogi Adityanath government has recommended a CBI enquiry into the siphoning of Rs 2,631 crore of provident fund money of power corporation employees in a Mumbai-based unsecure and unlisted firm.

UP Power Minister Srikant Sharma on Sunday confirmed the investment of UP Power Corporation Limited (UPPCL) employees’ provident fund in the tainted Dewan Housing and Finance Corporation Ltd (DHFCL) and CM Yogi Adityanath’s recommendation for a CBI probe.

The Lucknow police have also arrested UP Power Sector Employees Trust Secretary Praveen Kumar Gupta and former UPPCL Director (Finance) Sudhanshu Dwivedi and booked them under IPC sections 409 (criminal breach of trust by public servant) 420 (cheating), 467 (forgery) and 471 (using as genuine a forged document of electronic record).

CM Yogi has also recommended the Director General of the Economic Offence Wing (EOW) to investigate the case till the CBI takes over.

The investment of UPPCL employees PF started soon after the BJP government assumed office in March 2017 and continued till December 2018. Sources claim that the investments were made in the form of Fixed Deposits (FD) between March 2017 and December 2018. The company returned around Rs 1,000 crore after which it stopped payment.

However, shifting the blame on the previous Akhilesh Yadav government, Sharma alleged that the foundation of the scam was laid during the Samajwadi Party government in 2014 when the UPPCL trust empowered its secretary to invest the PF in companies from where higher returns could be expected.

Show comments
Show comments

Top News

View All

40-year-old Delhi man takes 200 flights in 110 days to steal jewellery from co-passengers, would assume dead brother’s identity

2 separate cases of theft were reported on separate flights in the past three months, after which a dedicated team from IGI Airport was formed to nab the culprits

Mother's Day Special: How region’s top cops, IAS officer strike a balance between work and motherhood

Punjab DGP Gurpreet, Himachal DGP Satwant, Chandigarh SSP Kanwardeep, Ferozepur SSP Saumya, IAS officer Amrit Singh open up on the struggles they face

Enduring magic of Surjit Patar: A tribute to Punjab’s beloved poet

A tribute to Punjab’s beloved poet, who passed away aged 79 in Ludhiana

Most Read In 24 Hours