Ex-DHFL manager, others arrested in UPPCL’s PF scam

Ex-DHFL manager, others arrested in UPPCL’s PF scam
07/12/2019 , by , in News/Views

Seven people were arrested by the Economic Offence Wing (EOW) of the Uttar Pradesh Police on Friday in connection with the Rs 2,600-crore provident fund scam, a senior official said. Those arrested included Amit Prakash, former regional manager of the DHFL Lucknow branch who had a role in registering different people and firms, Additional Chief Secretary Awanish Awasthi said.

Other accused persons were identified as Manoj Kumar Agarwal, Vikas Chawla, Sanjay Kumar, Shyam Agarwal, a chartered accountant , Arun Jain and Pankaj Giri alias Neeshu who worked in connivance with Shyam Agarwal, he said.

Over Rs 2,600 crore of the state power employees’ provident fund (PF) was reportedly invested in the scam-hit Dewan Housing Finance Corporation Limited (DHFL), prompting the state government to order a CBI probe.

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