CA held, accused of playing key role in theft of PF funds at state-run firm
A chartered accountant has been arrested for his alleged role in the illegal transfer of Rs 4,122 crore belonging to the provident fund of a state-run utility for investments in private mortgage lender Dewan Housing Finance Corporation Ltd (DHFL).
Lalit Goyal, who worked with brokerage firm SMC, was arrested in Delhi late Thursday by the Uttar Police’s Economic Offenses Wing (EOW), which is probing the alleged illegal transfer of funds employees of UP Power Corporation Limited (UPPCL) had in their provident fund (PF).
Sources in the police alleged Goyal played a key role in facilitating the PF investments in DHFL and PNB Housing Finance, and fixing meetings. He is also accused of helping the co-accused in floating bogus companies on behalf of earning brokerages.
