The Lucknow bench of the Allahabad high court on Tuesday rejected the bail pleas of Sudhanshu Dwivedi and Vikas Chawla, accused in multi-crore Uttar Pradesh Power Corporation Ltd(UPPCL) provident fund (PF) scam.
Dwivedi had served the corporation as its director (finance) from June 2016 to June 2019 while Chawla had allegedly received Rs 5.69 crore as brokerage from a private firm Dewan Housing Finance Ltd (DHFL).
The employees’ PF of Rs 4,122.5 crore was invested in the Mumbai-based firm between March 2018 and October 2019 in violation of norms
