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Don’t hire the Best—An Essential Guide to Picking the Right Team: By Abhijit Bhaduri

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EPFO passes order against G4S, raises demand of Rs 133.76 cr

Retirement fund body EPFO has raised a demand of Rs 133.76 crore on G4S Secure Solutions, globally known security services provider, for its failure to deposit provident fund dues to its employees.

While passing the order against G4S, the Employees' Provident Fund Organisation (EPFO) said that the company and its management "has indulged in subterfuge to deprive all of its employees of their rightful social security benefits as contemplated under the EPF & MP Act, 1952..."

G4S, it said, has been "creating false, fake and hypothetical allowances like HRA and conveyance allowances only to reduce its statutory liability and to maximise gains".

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