CBI Charges EPFO Employees With Fake Claims
- by Team
CBI’s Fraud Investigation team found three EPFO officials, including an officer, at the centre of a multi-crore scam involving more than $40bn in EPFO-sponsored grants and loans. “A fraud investigation unit of the Central Board of Direct Taxes has found three officers of the Enforcement Authority of the EPFO, who are involved in the fraud,” CBI spokesperson Ranjit Kumar told PTI. Kumar said the unit had recovered Rs 4. 5 crore from one of the officers and Rs 2. 2 crore from another. “The three officers are alleged to have fraudulently used some of the EPFO funds to buy gold jewellery. Also, the officer has allegedly taken the EPFO cheque to purchase five luxury cars, besides receiving Rs 1. 76 lakh as interest free loan,” he said. The scam is being probed under UAPA (Unlawful Activities Prevention) Act, the CBI said.
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CBI has booked three employees of Employees Provident Fund Organisation (EPFO) for causing immense losses by settling fake claims.
CBI today has charged three staff of EPFO with creating fake claims of “lack of cash” to make EPFO pay.
The FIR seeks arrest and attachment of the accused and prosecution for perjury and criminal conspiracy in connection with the scheme to deceive EPFO of Rs 50,000 crore of the fund.
The raids were conducted after a complaint by the NITI Aayog, under the Prevention of Money Laundering Act (PMLA) alleging that there were fake claims by the EPFO and the employee benefits company (EBC) of Rs 50,000 crore in connection with the National Rural Health Mission (NRHM).
The raid on the EBC is the first raid since July.
Earlier on August 7, 2013, when the raids started, the CBI seized documents and other data which had been seized on June 24 and the documents relating to the alleged fraud case.
The raid on the EBC is the first raid since July.
According to the complaint, between 2009 and early 2010, the CBI conducted an investigation into the alleged fraud by the EBC, EPFO and NIC under the Prevention of Money Laundering Act, but there was no arrest.
The complaint said that there was a “preparation of the fraud case” with the help of the EBC.
In 2008, the EBC issued a press release claiming that there was an “issue of the transfer of Rs 2,000 crore” to the EPFO in connection with the Rs 50,000 crore National Rural Health Mission.
The press release also said that the EPFO transferred “Rs 2,000 crore to the EBC”.
Detection of 91 PF accounts by projected employees of B. Vijay Kumar Jewellers
Using a large database of more than 60,000 transactions from 1,000 companies under the scope of employee leasing, we have built a dataset of the top employees of all B. Vijay Kumar Jewellers. The dataset contains information about the employees’ personal and professional information with their salaries, their age, the salary they are earning, their gender, date of joining the company and the company name. We have analyzed the data for 91 employees having at least 5 consecutive years of joining the company and have selected the top 10 employees who have more than 10 consecutive years of joining the company. Since all these employees have salary data, we have used logistic regression models to predict their salary based on their personal and professional information. We have used this data along with other existing information such as sales, number of employees, location, etc. , to model the salaries of the top 10 employees and have found that the top 10 employees have average salaries which are 5% lower than the average salary of all employees. The top 10 employees account for 8. 27% of all employees. They also have the highest average age at the time of joining B. Vijay Kumar Jewellers. The top 10 employees (5’0’-7’0’) account for 8. 27% of all employees and have their average salary which is 4. 36% less than the average salary of all employees. The top 10 employees also have the highest number of employees at the time of joining B. Vijay Kumar Jewellers (1. 09% of all employees). It also accounts for 9. 27% (or 6 times more than the average) of all employees.
Dasgupta Y, Bhattacharya A, Maniyara KV, Gunes C.
PF Account Fraud: An Investigation by a Senior Social Security Assistant.
“PF Account Fraud: An Investigation by a Senior Social Security Assistant.
The following article is excerpted from Paul Allen’s book “The American Dream: A Documentary History of Our Time”, published by Random House, Inc.
In mid September 2009, I was a high school senior in the Chicago area, and I was interested in computers, computer networks, and computer systems. I was very concerned about how my parents spent my hard-earned money because we did not have a computer at home. I was also interested in computers, networking, and the internet. I was thinking about the fact that my mother and father owned a business that was computer related and that in this same business and we had to buy computer equipment to use and in fact we could easily get a computer for less money then I did.
My parents owned two computers that were not computer related. My father purchased two computers from a company called Network Associates, Inc. My father was a computer consultant who helped people with computers and computers network their personal and business accounts. We never talked about computers at home and I asked my father why they had two computers and he said that they were for business accounts and that he would not be able to run the computers at home.
My father told me that when he bought the computers to run, they were not computer related and there was no need for computers in his business. I asked my dad when the computers were purchased but he said that he did not ask me and he did not recall. I then asked my father what the computers were going to be used for and he told me “I do not know”.
I asked my father what company he had purchased the computers from because I did not know this and did not know if Network Associates, Inc. was a business or if they were personal accounts. I did not know the prices because I could not afford them. My father told me that the computers were never set up to use internet so he did not have internet access. I asked my father if they had internet access and he told me that the computers had internet access.
The computers were never set up to be used for the internet.
Tips of the Day in Software
The title of this blog post might sound a bit odd, but it’s about the things I like about C and C++, and the things I’m not so keen on.
This is a summary of some of what I like about C, and what I don’t so much like about C++.
C (C++) is a very different language, with a very different paradigm.
C++ is a very different paradigm.
C++ is a very different language, with a very different paradigm. Although C is a dialect of C++, it is not a dialect of C++, but a subset.
C++ has no built-in types or library classes.
C++ has different features such as template features, but it is much simpler.
It has a lot of extensions.
It has a lot of extensions.
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Spread the loveCBI’s Fraud Investigation team found three EPFO officials, including an officer, at the centre of a multi-crore scam involving more than $40bn in EPFO-sponsored grants and loans. “A fraud investigation unit of the Central Board of Direct Taxes has found three officers of the Enforcement Authority of the EPFO, who are involved in…