Vote for BJP in urban local bodies" poll for "triple engine" govt in UP: Adityanath
UP: Man booked for attempting to rape 5-year-old girl
Congress to mark 100 days of Bharat Jodo Yatra with concert in Jaipur
BJYM, Hindu outfits put off planned protest march at AMU
Karachi battles gas crisis; residents face unannounced load shedding, 2-hr gas supply in a day
Elderly man in judicial custody dies during treatment in UP hospital
Himachal Pradesh skittle Haryana for 46, take 200-run lead on Day 1
Pak court grants protective bail to PM Shehbaz"s son Suleman in money laundering case
British Library celebrates India ties with exhibition on Hampi
Nine policemen suspended after suspect dies in police custody in UP
Gangster"s property attached in UP"s Pratapgarh district
Maoists torch construction company vehicles in Jharkhand’s Chatra district
Sino-India border situation "generally stable": China on Yangtse clash
Babar Azam not taking advice from seniors, claims Shahid Afridi
Qlite Global launches their exclusive Grand Experience Centre
"Disillusioned with central leadership": Sikkim BJP president says he has resigned
2001 attack anniversary: Ready to guard new Parliament if directed, say CRPF heroes
Class 2 student dies after scuffle with fellow students in UP
Three killed in accident in UP"s Lakhimpur KheriLakhimpur Kheri (UP), Dec 13 (PTI) Three motorcycle borne youths were killed and "
Abandoned girl child from Assam adopted by Spanish professor
The Lucknow bench of the Allahabad high court on Tuesday rejected the bail pleas of Sudhanshu Dwivedi and Vikas Chawla, accused in multi-crore Uttar Pradesh Power Corporation Ltd(UPPCL) provident fund (PF) scam. Dwivedi had served the corporation as its director (finance) from June 2016 to June 2019 while Chawla had allegedly received Rs 5.69 crore as brokerage from a private firm Dewan Housing Finance Ltd (DHFL).
Lucknow: The Lucknow bench of the Allahabad high court on Tuesday rejected the bail pleas of Sudhanshu Dwivedi and Vikas Chawla, accused in multi-crore Uttar Pradesh Power Corporation Ltd(UPPCL) provident fund (PF) scam. Dwivedi had served the corporation as its director (finance) from June 2016 to June 2019 while Chawla had allegedly received Rs 5.69 crore as brokerage from a private firm Dewan Housing Finance Ltd (DHFL).
The employees’ PF of Rs 4,122.5 crore was invested in the Mumbai-based firm between March 2018 and October 2019 in violation of norms. Justice Dinesh Kumar Singh pronounced the reserved order on Tuesday from his residence on both the bail applications moved separately, additional advocate general (AAG) Vinod Kumar Shahi said. On November 2, 2019, an FIR was lodged in connection with the scam under charges of embezzlement and cheating against one Praveen Kumar Gupta, former secretary of the UP Power Sector Employees’ Trust, and Sudhanshu Dwivedi in Hazratganj police station here. Name of Vikad Chawla came to light in connection with the case during the investigation.
The allegations were that the accused in violation of the relevant provisions of law had invested huge amount of two funds- Uttar Pradesh Power Sector Employees General Provident Fund and UPPCL Contributory Provident Fund in DHFL—a company incorporated under the Companies Act. The investigation revealed that the investment had been made by the accused for personal gain and that they received the huge amount from DHFL as commission, said in the court’s order. Opposing the bail pleas on behalf of the state government, AAG Shahi contended that the management and investment of the GPF/PPF amount of all the employees of the corporation was required to be carried out in conformity with the concerned rules and notification which was not done by the accused.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
