The Uttar Pradesh Government on Saturday night issued an order ensuring the return of state power employees' provident fund invested in scam-hit housing fiance company DHFL.
The government order issued by Principal Secretary (Power) Arvind Kumar said all legal options would be explored for the recovery of the money.
Over Rs 2,600 crore of the power employees' provident fund (PF) was reportedly invested in the scam-hit Dewan Housing Finance Corporation Limited (DHFL), prompting the state government to order a CBI probe.
The order issued on Saturday also spelled out ways and means that will be adopted for ensuring the return of the employees' money.
Earlier this week, employees of Uttar Pradesh Power Corporation Limited (UPPCL) had observed a 48-hour protest against the PF scam and had sought a government guarantee for the safe return of their money.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
)