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Sahara India faces Rs 1,181 cr PF demand at Lucknow | Nagpur News – Times of India

NAGPUR: Subrata Roy’s Sahara India, which is already facing the heat from SEBI, now has a Rs 1,181 crore provident fund (PF) demand. Following a high court order, the Lucknow office of the Employees Provident Fund Organization (EPFO) has deemed all ‘commission agents’ of Sahara India as ‘employees’, requiring payment of their past PF dues as well as penalty for late payment. The demand of Rs 1,181 crore is just the assessment for 2010 to 2012, and the amount would be much higher when the dues of earlier and later years are calculated subsequently. The Sahara-EPFO story began in 2012.…

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