EPFO Fraud - a complete case study of how money was withdrawn illegally from several accounts across India

Incidents of illegal money withdrawal from Employees' Provident Fund Organisation (EPFO) accounts have been coming to the fore from different parts of the country, In the last few months, over the last few months.

In Mumbai's Kandivali, EPFO employees took advantage of the exemption given during Covid-19 and withdrew money from closed companies, the investigation on which has now reached the Central Bureau of Investigation (CBI). 

After the news of the embezzlement of money from the PF account of the employees of the airline company, a case from Chandigarh has now come to the forefront.

Harkesh Kumar Rana, an employee of Punjab Small Industries and Export Corporation, faced the same situation as Rs 5 lakh 39 thousand withdraw illegally from his provident fund account. When Harkesh Kumar wanted to know about the withdrawal of such a huge amount, it was found that fake mobile numbers, different account numbers, and fake Aadhaar numbers were used to withdraw money from his EPF account.

Another case of EPFO illegal withdrawal is from the same company where 41 lakh rupees withdraw from the EPF account of Sukhdev Singh, a retired employee of Punjab Small Industries and Export Corporation.

According to the complaint lodged with the Chandigarh Police, crores of rupees have been withdrawn through fake documents in the provident fund accounts of about 10 employees.

This is not the only case of irregularities in EPFO. In the month of July-August, 8 employees of the Mumbai region were suspended. They were charged with scams up to Rs 100 crore.

Apart from this, money was also withdrawn from the PF account of the employees of the airline company that was closed in October. The use of fake documents has come to the fore in all and evidence of collusion of employees has also been found.

In this entire matter, a member of the Central Board of Trust of EPFO, on the condition of anonymity, said that the Labour Ministry has been made aware of these matters.

The EPFO Chairman has also not acted yet, it is necessary to strengthen the system of EPFO to keep the money of the common people safe and to keep the trust of the people.