<p>This was as per a deciscion taken by the Central Board of Trustees of the EPF in its meeting.<br /><br /> The company’s chief executive was arrested last month for allegedly taking bribe from a financial firm to sanction loans to its corporate clients.<br /><br />“We have requested officials to safeguard the existing investment,” Kharge said. The EPF had invested about Rs 4.54 billion in LIC Housing, against a limit of Rs 8.46 billion, he said.<br />The investment would be deferred till the probe, which the company is facing, is over.<br /><br />The Board has also decided to raise its limit to 50 per cent of net worth for ‘AAA’ rating PSUs from the current 40 per cent.</p>
<p>This was as per a deciscion taken by the Central Board of Trustees of the EPF in its meeting.<br /><br /> The company’s chief executive was arrested last month for allegedly taking bribe from a financial firm to sanction loans to its corporate clients.<br /><br />“We have requested officials to safeguard the existing investment,” Kharge said. The EPF had invested about Rs 4.54 billion in LIC Housing, against a limit of Rs 8.46 billion, he said.<br />The investment would be deferred till the probe, which the company is facing, is over.<br /><br />The Board has also decided to raise its limit to 50 per cent of net worth for ‘AAA’ rating PSUs from the current 40 per cent.</p>
