Air India staff unions seek probe into provident fund trusts

Air India Joint Actions Forum of Unions, representing 10,000 staff members, has approached civil aviation minister Hardeep Singh Puri seeking a forensic probe into the alleged mishandling of two provident trust funds that have incurred losses to the tune of ₹1,085 crore.

The forum’s May 25 letter reads, “It has come as a shock to all of us Unions, many of whom were not involved or aware of the day to day functioning of the Provident Fund trusts of Indian Airlines and Air India that huge losses have been incurred by both the trusts, due to questionable investments in companies like ILFS and Dewan Housing, among others, which collapsed.”