CBI arrests PF commissioner

Image
IANS Chennai
Last Updated : Jan 18 2016 | 8:23 PM IST

The Central Bureau of Investigation (CBI) said on Monday it has arrested three officials of Employees Provident Fund Organisation (EPFO) including a regional commissioner on charges of bribery, the investigating agency said.

"The CBI has arrested Durga Prasad, regional provident fund commissioner, Chennai, two enforcement officers of EPFO and four private people in an alleged bribery of around Rs.14.5 lakh," a CBI official told IANS.

Later in a statement, the BI said a case has been registered against the EPFO's regional commissioner, two enforcement officers, a city based group of institutions and the conduit for the bribe.

According to CBI, Prasad had allegedly demanded Rs.25 lakh from a group of institutions as illegal gratification for favouring the group.

The favouring was in the matter of subterfuge of wages for the purpose of provident fund deduction/remittance in respect of the group employees.

The CBI had laid a trap and intercepted the vehicle in which Prasad was travelling soon after collecting the alleged bribe of Rs.14.5 lakh from a conduit.

The CBI has also arrested the estate officer-cum-public relations officer of the group of institutions as the bride was alleged handed over to the conduit by him.

Searches were conducted at the residence and office chamber of the EPFO's regional commissioner and also 18 other places including the premises of conduit which led to recovery of several incriminating documents and property documents.

The searches are still continuing.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 18 2016 | 8:10 PM IST

Next Story