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EPFO seals bank accounts of Kolhapur Municipal Corp over default of PF installments

Kolhapur, Nov 20 (UNI) The Employees' Provident Fund Organisation(EPFO) on Wednesday sealed two bank accounts of the Kolhapur Municipal Corporation(KMC) after the latter failed to pay the PF installments.
Briefing mediapersons at the EPFO office in the Tarabai Park area here, Kolhapur Divisional Commissioner Saurabh Prasad said, "the KMC administration failed to pay the PF of its' contractual and temporary employees from January 2011-12. Hence, the EPFO ordered to seal the KMC's two bank accounts at IDBI bank (Shivaji Chowk branch) and Bank of Maharashtra (Ford Corner branch) with immediate effect," he apprised.
Earlier, the Central Industrial Court directed the KMC to pay 40 per cent of the defaulting Rs 4.94 crore PF to the EPFO.
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