Nandipur power project: Non-issuance of legal opinion caused Rs27.3bn loss: NAB

ISLAMABAD: National Accountability Bureau (NAB) has found that non-issuance of legal opinion by Ministry of Law and Justice in Nandipur power project caused a loss of Rs 27.3 billion to national exchequer.

The NAB on Saturday filed a report in 525 megawatts Nandipur power project in the Supreme Court.

The NAB report said that during the course of investigation it has been established that officers and officials of Ministry of Law and Justice failed to exercise their lawful authorities causing loss of Rs 27.3 billion to the national exchequer, hence they committed the offence of corruption and the corrupt practices as defined under Section 9(a)(vi) and (xii) of National Accountability Ordinance (NAO) 1999.

The NAB informed that its Lahore office had requisitioned the record from Northern Power Generation Company Ltd (NPGCL), Securities & Exchange Commission of Pakistan (SECP) and Pakistan Engineering Council (PEC).

Published in Business Recorder, 12th August, 2018