IESCO management trying to save officials involved in scam
ISLAMABAD: Top management of Islamabad Electric Supply Company (Iesco) is trying to bail out company officials that have been involved in a Rs350-million scam pertaining to the purchase of poor-quality material for rehabilitating and expanding infrastructure.
Sources told The Express Tribune that senior management of Iesco was making efforts to settle audit objections made by auditors. In this regard, it has engaged with the auditors in the past few days. The auditors had held Iesco Project Director Chaudhry Shoukat Ali and five other officials responsible for the embezzlement.
The project director as wells as the five officials were electrical engineers, but they were handling civil works and caused a loss of millions of rupees to the electricity supplying company by giving benefits and making excessive payments to contractors.
Published in The Express Tribune, 11th July, 2018