investment scam between UPPCL and DHFL. According to reports, this arrest came in handy upon the issuance of the state government approval, ordering that the CBI look extensively into the matter and work together with state’s economic offences wing, directed by Uttar Pradesh’s Chief Minister, Yogi Adityanath. However, the state’s police affirms that they would look deeper into the case as previous investigations proves that there are still some other suspects at large. As at the time of this report, the Director General of the Uttar Pradesh’s Police OP Singh confirmed that the total arrests made relating to the case sums up to five, but they believe there are still some others at large. The newly arrested culprits named Abhinav Gupta and his friend Ashish Chowdhury were reported to have been arrested on the same day. According to sources, Abhinav happens to be the son of one of the primary suspects, Praveen Kumar Gupta. Actively, he is said to be one of the key players in the perpetuated scam as he helped in transferring the PF funds to the housing finance firm DHFL. In early November, A. P Mishra, a former managing director of the Uttar Pradesh Power Corporation Limited was arrested in relation to the scam case and the arrest triggered chaos between the present administrative UP Power Minister, Shrikant Sharma and the opposition, especially with the Congress. Extensively, a lot of angry employees, alongside their family members have gone ahead to stage a foot-march protest from UPPCL guest house to Shakti Bhawan in a bid to voice out their disappointments about how a tainted company like DHFL could afford to be careless enough to have allowed a scam of such aptitude to be carried out. Meanwhile, the power minister in the state, Srikant Sharma, have cleared the air a bit by confirming that the decision to invest employees money in DHFL was initiated on the 21th of April, 2014, as at the time when Akhilesh Yadav was in power as chief minister. However, the investment didn’t kick off until March 17, 2017, after which the BJP government was initiated two days later.Recently, the Uttar Pradesh Economic Offences Wing (EOW) announced the arrest of two other culprits in connection with the UP power corporation’s Rs 2,600-crore PF
In his statement, he claimed that the state’s government acted on the case immediately it brought into limelight. He, however, further affirmed the government would take strict action against the officials involved in the scam, including confiscating their properties.
Also, the former UP CM, Akhilesh Yadav assured that the state government was really bothered about the case and are doing everything possible to expose every single hidden facts. The authorities are making investigation to see through and make sure that no stone is left unturned to ascertain every single penny spent since the government took the decision to begin investing EPF money of UPPCL employees in DHFL, exactly the same time Yogi Adityanath became the CM.