Letter: The owner of three factories located in Ashwini Kumar Road has been booked to darken Rs 19.42 lakh from the Provident’s fund account from at least 155 employees over the past three years.
Complaints in this case was submitted on Monday by Shasshank Dalal, an officer in the Organization of the Employee Provider Fund (EPFO), letter, with Detection of Crime Branch (DCB).
The wing of economic violations will investigate this case.
According to complaints, before 2016-17, the bank account details and KYC verification are not needed to open the Provident Fund (PF) account and only the bank details needed only if employees want to withdraw money from the PF account.
Taking advantage of these rules, owners of three silk factories, Shree Saibaba Mills and Shree Sai Santa Silk Mills – allegedly embezzling money from their employees’ PF accounts.
The money was withdrawn without the knowledge of employees between 2018 and 2020.
Epfo officers Shashank Dalal in his complaint stated that the owner of the three factories itself was applied to withdraw money from their employees’ PF accounts and gave the bank account number they had opened.
especially for this purpose.
Dalal stated that the owner sucked RS 19.42 lakh of around 155 employees for three years.
Letter: RS 19 Lakh Sucking from the Provident 155 Fund Account
