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EPF fraud probe

EPF fraud probe

National · 4 updates

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

CBI Registers ₹1,816-Crore EPFO Investment Fraud Case Against Reliance Capital, Former Chairman Anil Ambani

CBI case against Anil Ambani, Reliance Capital over Rs 1,816 crore EPFO loss

CBI case against Anil Ambani, Reliance Capital over Rs 1,816 crore EPFO loss

CBI files EPFO cheating case against Anil Ambani

The CBI has filed a cheating case against Reliance Capital and Anil Ambani. This action stems from an alleged Rs 1,816 crore loss to the Employees’ Provident Fund Organisation. EPFO invested Rs 2,500 crore in Reliance Capital’s debentures which later defaulted. While the issue was settled earlier, ED findings prompted a new fraud case. Anil Ambani denies any wrongdoing in this matter.