FIR against Faridabad firm for siphoning off Rs 33 lakh from staff PF

A company in Faridabad has been accused of siphoning off over Rs 33 lakh from Provident Fund (PF) amount deducted from the wages of its employees.

A company in Faridabad has been accused of siphoning off over Rs 33 lakh from Provident Fund (PF) amount deducted from the wages of its employees.

The PF deducted from the salaries is treated to be the amount held in trust by the employer and is to be deposited with the government by the 20th of the next month.

However, during inspection of the books by the provident fund department, it was found that the company located at sector-24, has deducted the PF amount from the salary of employees but has not deposited the same with the department, inspector cum enforcement officer provident fund SK Hassija said.

The company continued the default during December 2013 to August 2014, he said.

Hassija filed an FIR with the police accusing the company's chairman and managing director of criminal breach of trust.

On the basis of the complaint by the officer, a case was registered at Mujesar police station on Friday.

The total amount of the workers' money used by the company is Rs 33,06,230, he said in the FIR.

In July 2013, the company, which owed Rs 120 crore to a bank was sealed by bankers. The chairman's son had then attempted to break the seal and a case was registered against him and 100 workers.