The National Accountability Bureau (NAB) Rawalpindi on Sunday arrested Private Power and Infrastructure Board (PPIB) Managing Director NA Zuberi and two former CEOs of Lakhra Power Generation Company Limited (LPGCL); Anwar Brohi and Muhammad, for their alleged involvement in Rental Power Projects (RPPs) scandal.
The PPIB MD was arrested in Islamabad while the two former CEOs were nabbed in Karachi.
NAB is investigating a case regarding the illegal award of contract to Karkey Karadenize Electric Uretium, a Turkish Company, for installation of Rental Power Projects (RPPs) in Karachi. In this regard, an agreement had been signed between the company and LPGCL.
The officials arrested have allegedly caused huge loss to the national exchequer by extending ‘undue favour’ to Karkey. An estimated $128.136 million, along with markup, is recoverable from Karkey whereas Rs 672.700 million is recoverable from public office holders responsible for the loss.
The accused will be produced before an accountability court for obtaining physical remand.
Comments are closed.