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CBI Registers Case Over Alleged ₹20-Crore EPF Fraud, Probes Telecom Firm Officials And Unknown EPFO Staff

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  1. CBI registered a case against two officials of a telecom company and unknown EPFO employees over alleged ₹20-crore EPF fraud.

  2. The telecom company was an exempted establishment under EPF Act that surrendered its exemption in September 2023.

  3. Fraud involved adding fictitious members during surrender and withdrawing funds into fake accounts.

  4. EPFO received complaints via CPGRAMS about 70 fake members whose PF accumulations were transferred and settled.

  5. The establishment deposited ₹20 crore with EPFO that was allegedly dishonestly withdrawn through fake PF accounts.

8h ago · original ↗