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CBI registers FIR in UPPCL PF scam in Uttar Pradesh

CBI registers FIR in UPPCL PF scam in Uttar Pradesh

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  9 March 2020 12:44 PM GMT

Lucknow: The CBI has finally registered an FIR involving a scam over “illegal investment” of employees’ provident fund. The PF money was allegedly invested in a private firm, Dewan Housing Finance Limited (DHFL), currently facing money laundering charges.

The FIR was registered on Friday night, almost five months after the Yogi Adityanath government had sought a CBI probe into the Rs 2,268 crore Employees’ Provident Fund (EPF) investment scam in the Uttar Pradesh Power Corporation Limited (UPPCL).

The FIR was lodged against Pravin Kumar Gupta, former secretary of the UP State Power Sector Employees’ Trust and Sudhanshu Dwivedi, former director, finance of UPPCL. The CBI has booked the two officials under charges of breach of trust, cheating, forgery for cheating, and using forged documents as genuine.

Following its investigation, the Economic Offences Wing (EOW) had also indicted former Managing Director A.P. Mishra along with Gupta and Dwivedi for fraudulently dealing with a private firm. The EOW, in its charge sheet, had stated that Mishra had forged signatures on dealings with private firms from 2016-17, which were against the norms, while Gupta and Dwivedi jointly took a decision to invest in DHFL against the norms. (IANS)

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