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Corruption in EPFO: Pension fund misuse and scam claims

Dialogue on previous corruption instances associated to Staff' Provident Fund Organization (EPFO) is gaining momentum on social media. The allegations have been made associated to misuse of pension funds and scams below the Staff' Pension Scheme 1995 (EPS-95). The claims made by Vijay Capote have heated up the difficulty much more.

Previous Scams and Abuse Claims:

Audit Report 2019: Use of EPS-95 pension fund for different functions revealed. Rip-off of 2020: Case of switch of pension fund quantity to faux accounts uncovered. Theft 2018: Case of theft of EPS-95 fund quantity and switch to faux account.

Vijay Capote claimed that these incidents not solely broke the belief of pensioners but additionally raised many critical questions associated to the pension fund.

Debate on social media:
Details about these incidents was shared on the pensioners' discussion board, which is creating stress on the federal government to take motion. If these allegations are true, then strict motion must be taken in opposition to the culprits. On the identical time, if it’s a hearsay, then the federal government ought to instantly reject it.

Authorities response:
Contemplating the claims of the incidents, a number of instances have been uncovered and motion has been taken. However there’s a want for additional critical investigation on this in order that the arrogance of the pensioners is maintained.

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