The Central Bureau Investigation probing the PF scam of Uttar Pradesh Power Corporation Limited (UPPCL) has sought sanction from the state government for prosecution of three former officials of the power corporation.

Among these officers are former chairman of UPPCL Sanjay Agarwal and Alok Kumar, and MD Aparna.

Sources said that the central agency has written a letter to the Home department to prosecute the corrupt officers in connection with this money laundering case.

From 2017 to 2019, the UPPCL invested more than Rs 4,100 crore in retirement fund housing finance company, Dewan Housing Finance Limited, out of which, UPPCL got only Rs 1,855 crore.

It was revealed that Rs 2,267.90 crore of General Provident Fund (GPF) and Contributory Provident Fund (CPF) of more than one lakh employees are stuck in Dewan Housing Finance Limited (DHFL). Subsequently, the state government had demanded a CBI inquiry into this investment.

The CBI had questioned Sanjay Agarwal, Alok Kumar and Aparna.

According to the CBI, the UPPCL had invested more than Rs 4,100 crore in the scam-hit DHFL and other non-banking companies after the approval of then chairman Alok Kumar and managing director Aparna. Alok Kumar was the chairman of UPPCL from 2017 to 2019 and Aparna was the managing director of UPPCL from 2017 to 2019.

In this case, more than half a dozen people, including AP Mishra, another MD of UPPCL, were arrested.

The investigation of this case was first handed over to the EOW (Economic Offences Wing) and later the probe was transferred to the CBI. The CBI had started the investigation of the scam on March 5, 2020 on the basis of the FIR registered at the Hazratganj police station in Lucknow.