An FIR has been registered against Pune-based Sinhgad Institutes' founder Maruti Navale for alleged embezzlement of provident fund of employees worth more than Rs 70 lakh, police said on Wednesday.

A provident fund worth Rs 74,68,636 for more than 130 employees of a school in the Kondhwa area, run by the Sinhgad Institutes, was deducted from their salaries between October 2019 and June 2022, but only Rs 3,75,774 was deposited into the PF account, police said.