Pune: The Shivajinagar Police have registered a case against the directors of Vishal Expert Pvt. Ltd. for allegedly embezzling ₹1.95 crore meant for employees' Provident Fund (PF) contributions. The company reportedly deducted PF amounts from employees' salaries but failed to deposit the funds into the Employees' Provident Fund (EPF) account, misusing the amount for personal gains.
The complaint was lodged by EPF Inspector Dipali Tilwankar at the Shivajinagar Police Station. The case has been registered against Shivani Suhas Jarange (Director), Bali Hang Subba (Additional Director), Tushar Shrirang Lande Patil, Shrirang Lande Patil, Savita Shrirang Lande Patil, and Satish Chhagan Dhawale. All accused individuals are residents of Rasmiraj Apartment, Shivajinagar, Pune.
Alleged Financial Misconduct
According to police reports, between July 2022 and December 2024, Vishal Expert Pvt. Ltd. deducted a total of ₹93,90,475 from employees' salaries as Provident Fund (PF) contributions. However, instead of depositing the amount into the EPF account, the company withheld the funds.
Additionally, as per EPF regulations, employers are required to match employees' contributions and cover additional charges, bringing the total outstanding amount to ₹1,95,63,490. The directors allegedly misused the amount for personal gain, thereby committing fraud and violating employee trust.
A case has been registered under relevant sections of financial fraud and criminal breach of trust. The investigation is being led by Assistant Police Inspector Sanjay Pandhare of the Shivajinagar Police Station.