PEPCO begins inquiry into Rs350m scam

ISLAMABAD: Pakistan Electric Power Company (Private) Limited (Pepco) has initiated an inquiry into the conduct of Islamabad Electric Supply Company (Iesco) officials who are allegedly involved in embezzlement of Rs350 million by making excessive payments to contractors in two dozen contracts.

Auditors had held responsible Iesco Project Director Chaudhry Shoukat Ali along with five other officials for the scam. They all were electrical engineers, but they dealt with civil works and caused a heavy loss to the company by providing benefit to the contractors.

Published in The Express Tribune, 20th July, 2018