Economy
CBI books Nokia officials for Rs 19.33 crore EPFO fraud
indiatoday7h
THE BRIEF
1
The CBI registered a case against two Nokia payroll officials, Vaibhav Verma and Kamaraju Mutyala, for allegedly siphoning Rs 19.33 crore from the Employees' Provident Fund Organisation.
2
The accused created 94 fictitious provident fund accounts during the 2023-24 period, which were identified following an internal forensic audit conducted by the company.
3
Nokia has suspended both employees and is cooperating with the investigation, which involves charges under the Bharatiya Nyaya Sanhita, the Prevention of Corruption Act, and the Information Technology Act.