CBI arrests gang for Rs 1.83 crore PF account fraud using Aadhaar details

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PF-Aadhaar rip-off: CBI arrests gang for Rs 1.83 crore PF account fraud utilizing Aadhaar particulars

In a surprising case, the Central Bureau of Investigation (CBI) has apprehended a gang concerned in siphoning off cash from others’ Provident Fund (PF) accounts by manipulating Aadhaar Card particulars. The incident raises issues concerning the safety of PF accounts and calls for elevated vigilance to stop such fraudulent actions.

Gang exploited unlinked EPF-Aadhaar accounts:

According to CBI officers, the arrested particular person, Priyanshu Kumar, alongside together with his associates focused people who had not linked their EPF accounts with Aadhaar. By registering distinctive account numbers of their institutions, the gang manipulated Aadhaar particulars and fraudulently claimed withdrawals from real beneficiaries’ PF accounts. The gang managed to siphon off roughly Rs 1.83 crore from 11 PF accounts by means of 39 faux claims.

The gang established institutions in numerous cities and registered the UAN (Universal Account Number) of real beneficiaries. They introduced beneficiaries as staff of their institutions for a single day to realize management over their KYC (Know Your Customer) particulars. Manipulating Aadhaar info, the gang efficiently withdrew funds from unsuspecting people’ PF accounts. During the investigation, the CBI seized incriminating proof similar to paperwork, cellphones, ATM playing cards, checkbooks, and passbooks from eight premises throughout Bihar, Jharkhand, and Delhi.

How to safeguard your PF accounts?

In the digital period, fraud strategies proceed to evolve, making consciousness and proactive measures essential. It is crucial to hyperlink your PF account with Aadhaar so as to add an additional layer of safety and make unauthorized claims tough. Regularly monitoring your PF account and promptly reporting any suspicious exercise to the EPFO (Employees’ Provident Fund Organization) can assist forestall potential disturbances and fraudulent transactions.

Read extra: Bank Locker Rules: How to safe it guaranteeing security of your belongings


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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