Mumbai EPFO staff siphoned off over Rs 21 crore during COVID-19 pandemic

In a significant surprising incident, a gaggle of staff at a Mumbai workplace of the Employees Provident Fund Organisation (EPFO) siphoned off greater than Rs 21 crore through fraudulent withdrawals, a report by Indian Express acknowledged.

The fraudulent transactions had been achieved between March 2020 and June 2021 and greater than 817 financial institution accounts of migrant employees had been taken for this mischievous job. The complete quantity withdrawn from PF is Rs 21.5 crore after which it was deposited to their accounts.

Reportedly, this cash was fraudulently withdrawn from the pooled fund of EPFO, which has obtained deposits by registered organisations each month. Notably, particular person PF accounts haven’t been misused. 

The authorities has already given a deadline of August 31 for linking your Universal Account Number (UAN) to your Aadhaar card and never doing so will additional end in blocking the entry to the Employee Provident Fund (EPF) together with its services.