Rs1.8bn corruption Scandal: Previous and Current PESCO Chief Indicted

Written by  Published by:Pakistan Views Wednesday, 17 February 2016 10:06

PESHAWAR: An accountability court on Tuesday indicted Peshawar Electric Supply Company chief executive Anwarul Haq Yousafzai and 11 others, including three former chiefs of the company, for causing a loss of Rs1.887 billion to the exchequer through illegal sale of electricity to a textile mill and the subsequent purchase from it.

The accused decided to stand trial.

Judge Tariq Khan Yousafzai fixed Feb 25 for the next hearing into the case while summoning three prosecution witnesses.

Among the accused are Anwarul Haq Yousafzai, who was recently appointed the Pesco chief executive and was the general manager (finance) at the company at the time of the commission of the alleged corruption; three former Pesco chiefs including Sakhi Marjan, Mohammad Qasim and Mohammad Wali; former adviser to Pesco Mohammad Saleem Asif; Central Power Purchasing Committee director (technical) Nisar Ahmad; Pesco director Asghar Ali; Pesco technical manager Fida Ahmad Khan; Pesco technical director Nawaz Ali; administration directors of Gadoon Textile Mills Waqar Ahmad and Sajjad Ahmad; and director (finance) of the mills.

The executive board of the National Accountability Bureau had authorised investigation into the matter in 2014.

The NAB has alleged that the accused were involved in supplying electricity to Gadoon Textile Mills at a lower rate and purchasing electricity from the same mills at much higher rate from 2007 to 2012 and thus, inflicting loss to the exchequer.

It alleged that the textile mills did not qualify as the captive power plant (CPP) under the guidelines and policy announced by the then government.

The NAB said during the severe power crisis, the National Electric Power Regulatory Authority (Nepra) as a short-term measure had issued a public notice and permitted small power producers and CPPs to sell surplus power to distribution companies and Central Power Purchasing Agency.

It added that there were certain conditions for that arrangement and that it was mandatory that the CPP should be generating 50 megawatts surplus electricity and should also have a power generation licence from Nepra.

The NAB alleged that in the case of Gadoon Textile Mills, both the said conditions were not fulfilled as it was neither generating 50MW surplus electricity nor did it have Nepra licence to produce electricity.

It added that the accused in connivance with each other continued to supply electricity to the said mills before purchasing it from the mills at higher rates. The NAB said the act of the accused persons amounted to corruption and corrupt practices under Section 9 of the National Accountability Ordinance, 1999.

Also in the day, the judge of another accountability court, Mohammad Ibrahim Khan, adjourned until today (Wednesday) the hearing into the alleged misappropriation of multimillion rupees during the procurement of weapons for the police department.

The adjournment came as former provincial police officer Ahsan Ghani, who is a witness, didn’t turn up.

Former PPO Malik Naveed Khan and former budget officer of the police department Jawed Khan have been facing trial in the case on the charge of receiving kickbacks from a private contractor, Arshid Majeed, who later turned approver.

The court had indicted the two on July 7, 2015, for causing a loss of Rs2031.25 million to the kitty during the procurement of weapons and equipment for the police department in 2009-10.

They had decided to face trial.

Rating: 5 Read 570 times

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Pakistan Views - National & International News Portal (Pakistan Views) stands as a website enlightening the masses with all information related to current affair, entertainment, sports, technology, etc. It has been brought into existence to ensure that voice of Pakistan reaches the masses. Ensuring that a true picture of Pakistan is portrayed in the right manner to the world. The website is to bring forth the real picture of Pakistan negating avenues of Terrorism and Non-State Actor.