EPF scam: Govt asked to find out if other depts also invested in DHFL

| | Lucknow
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EPF scam: Govt asked to find out if other depts also invested in DHFL

Friday, 08 November 2019 | PNS | Lucknow

Uttar Pradesh Vidyut Upbhokta Parishad has asked the Yogi Adityanath government to probe whether any other department on the state has also invested money in the DHFL like UP Power Corporation Limited invested Rs 2,267 crore of power employees provident fund in the scam-hit DHFL.

Vidyut Upbhokta Parishad chairman Awadhesh Prasad Verma in a statement here on Thursday said the annual financial report of DHFL for the year ending March 31, 2019, said the total fixed deposits of the company stood at Rs 6,963 crore and it was not accepting any further fixed deposits or renewing the old ones as the institution’s rating had been downgraded.

“But if we deduct Rs 2,267 crore deposit made by the UPPCL Employees Trust in the DHFL, the company has not disclosed the depositors of the remaining Rs 4,600 crores. This money could be invested by other government departments of the state,” he said.

Verma also asked the government to probe into the role of the consultant who had advised the UPPCL to invest in DHFL.

“UPPCL spends around Rs 200 crore on the consultants for various projects and it cannot be ruled out that some consultant could have advised the UPPCL to invest in DHFL,” he stated.

The Vidyut Upbhokta Parishad chairman said the role of all members of the Trust should also be examined and no one, whether engineer or IAS officer, found guilty in the scam should be spared.

“The government should also check whether the trustees have invested in DHFL or they have disproportionate assets,” he said.

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