Indore : Many cheques issued by four departments of the Devi Ahilya Vishwavidyalaya have dishonored as their bank accounts were sealed by Employees’ Provident Fund Organisation (EPFO) for recovering a penalty amount of nearly Rs 1.75 crore.
The penalty was imposed for delay in submission of the university’s share of provident fund for employees of the departments — Institute of Management Studies, Institute of Engineering and Technology, Directorate of Distance Education and Chief Warden Office.
These departments had issued cheques which could not be cleared, as the bank accounts of the above-mentioned departments are sealed. As complaints of cheques dishonor reached the administrative campus of the DAVV, the university authorities fearing fraud cases immediately convened a meeting and decided to create a new account for clearance of the cheques.
“A new account would be opened so that cheques issued by IMS, IET, DDE and Chief Warden Office could be cleared,” acting vice chancellor Ashutosh Mishra said.
He said that the university would collect all the dishonored cheques and issue new cheques against them. Meanwhile, the university has filed a petition against EPFO’s move to seal bank accounts of the above-mentioned departments and against the penalty imposed.