EPFO attaches bank accounts of HMT

Taking stern action against the defaulters, Employees Provident Fund Organisation has attached the bank accounts of Ajmer unit of HMT machine tools for defrauding employees by not depositing their share of wages to the fund. In a release, EPFO said the total outstanding dues against HMT machine tools, Ajmer, had been assessed at Rs 5.15 crore, including the interest payable at 12 per cent. The establishment would also have to pay damages by way of penalty of 17-37 per cent for delayed payments depending on the period of delay. (PTI)