As these three officers were at the helm of affairs when the PF scam happened, the CBI had sought sanction from the Uttar Pradesh government to investigate the alleged role of three senior bureaucrats. The agency has sought the nod of the state government under Section 17 (A) of the Prevention of Corruption Act which mandates prior sanction from the competent government before initiating any investigation against a government officer.
Prior to the CBI investigation, EOW was investigating the scam in 2019 and sent former MD AP Mishra, director of finance Sudhanshu Trivedi, and PK Gupta to jail. This was followed by several arrests including agents of the brokerage firm and CAs.
The Dewan Housing Finance Corporation (DHFL) is facing multiple probes after a report suggested that the company, through layers of shell companies, allegedly siphoned off ₹ 31,000 crores out of the total bank loan of ₹ 97,000 crores.
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