PESHAWAR: Former chief executive of the Peshawar Electric Supply Company (Pesco), Pervez Akhtar Shah was arrested by the National Accountability Burueau (NAB) Saturday for alleged corruption charges related to accumulation of assets and ill-gotten properties, sources said.
According to reports, the former Pesco chief was arrested for alleged accumulation of assets and ill-gotten properties. He was presented in an accountability court where he was sent on a 12-day physical remand under NAB’s custody.
An inquiry into his case reveals that during his service in Water and Power Development Authority (Wapda) from 1978 to 2015, Shah illegally acquired plots at various locations in Peshawar, sources said. Furthermore, the inquiry revealed that Shah accumulated 10 valuable plots worth millions in a number of locations in Islamabad and surrounding areas. He also procured plots in Wapda Employees Co-operative Housing Society in Nowshera.
Sources also mentioned that Shah purchased two kanal, 18 marla land in Peshawar and constructed a house worth Rs50 million. He also owns two apartments in Islamabad worth Rs30 million and large transactions in bank accounts in the United Kingdom as well as local banks. Furthermore, Shah procured vehicles worth millions of rupees.
Records pertaining to Shah’s properties and bank account were recovered during a house search.
Earlier, Shah was arrested by the Federal Investigation Agency Jan 13 this year while he was the acting Pesco chief, on the charge of receiving bribe for the supply of electricity to Afghan refugee camps in Khyber Pakhtunkhwa at concessional rate.
He was later released due to lack of evidence in favour of his charges.