 "DHFL")
The Uttar Pradesh Police has arrested two senior officials of brokerage firm SMC in the alleged multi-crore UP Power Corporation Limited (UPPCL) employees’ provident fund (PF) scam.
In the scam, Rs 4,122 crore was illegally invested in private mortgage lender Dewan Housing Finance Corporation Limited (DHFL).
Fresh arrests were made by the economic offences wing (EOW) of the police after establishing the alleged complicity of the brokerage in the scam.
Those arrested have been identified as SMC deputy director Alok Garg and another senior official Mahesh Gupta.
According to sources, the duo had been subjected to intense interrogation over the
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