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UPPCL EPF investment scam: Addresses of 5 out of 14 brokerage firms found fake -Rohit K Singh

-Hindustan Times

In a startling revelation, the addresses of five out of 14 investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for investment of employees’ provident fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW).

These 14 firms were hired by UPPCL authorities since March 2017 for investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an EOW official.

However, only two investment brokerage firms were found to be genuine while the addresses of five were found fake, he said.

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