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EPFO Fraud Mumbai: There may be a mess of more than 1000 crores, investigation is going on

A case of rip-off of greater than Rs 1000 crore by EPFO ​​staff has come to mild from the account of a closed aviation firm within the Mumbai workplace of Staff’ Provident Fund Organization (EPFO).

Prabhakar Banasure, member of EPFO’s Central Board of Trustees mentioned, “We count on EPFO ​​to lose as much as Rs 1,000 crore resulting from this specific fraud,

It’s being instructed that the pension and contribution quantity of about 497 staff of a closed aviation firm has been blown away.

The federal government has additionally suffered a giant loss on this rip-off case. The federal government’s revenue tax has additionally been evaded.

Officers mentioned that the quantity of injury is being ascertained. An inner investigation is occurring for this. It’s being instructed that quickly a last report will probably be submitted to the EPFO ​​central physique.

In accordance with media stories, in view of the necessity of the folks throughout the Corona interval, the federal government had directed the EPFO ​​for early cost. Benefiting from this, an enormous rip-off was carried out.

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