Cities

Hyderabad: Directors of private firm arrested for PF fraud

Hyderabad: Hyderabad City Police on Monday arrested three administrators of a private firm on costs of dishonest their staff by deducting the quantities from their salaries towards provident fund (PF) and tax deduction at supply (TDS) and failing to remit the identical of their respective accounts.

As reported by media reviews, the accused have been recognized as Sanjay Kanodia (52), Seema Kanodia (48), and Bheemreddy Shamsundar Reddy (40).

Pervacio India Pvt. Ltd., a software program firm has round 61 staff. The administrators deducted almost Rs. 1 crores from their staff’ salaries in the direction of provident fund and TDS and didn’t remit the identical to the involved departments.

Three had been arrested on Monday and might be produced earlier than the courtroom to remand for judicial custody.

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