NAB makes three arrests in RPPs scandal

ISLAMABAD: The National Accountability Bureau (NAB) on Sunday arrested one official of the Private Power and Infrastructure Board (PPIB) and two of the Larkha Power Generation Company Limited (LPGCL-GENCO) for their alleged corruption in the rental power plants (RPP) project.
NAB took into custody NA Zuberi, managing director (MD), PPIB, from Islamabad and two former chief executive officers (CEOs) of LPGCL-GENCO Anwar Brohi and Muhammad Jamil from Karachi. They are accused of corruption and illegal award of contract to a Turkish company, Karkey Karadenize Electric Uretium (KKEU), for installation of an RPP in Karachi. They allegedly caused a huge loss to the national exchequer by extending undue favour/benefit to KKEU. The estimated loss form KKEU deal is $128.136 million along with a markup of Rs 120 million. The accused would be produced in the accountability court for physical remand for further interrogation and investigation. The Supreme Court (SC) had directed the National Accountability Bureau to recover $223.58 million from RPP owners, but the federal watchdog has yet to investigate nine power plants out of total twelve, it has been learnt. NAB was investigating12 RPPs, nine of whom reportedly received more than Rs 22 billion as mobilisation advance from the government to commission the projects, but most of them were accused of failing to set up power plants. Names of more than 50 individuals from different distribution companies were placed on the Exit Control List (ECL) to prevent them from escaping the country. The are: former chairman PEPCO, Shahid Rafi, ex-additional Secretary MoWP Sheikh Zarrar Aslam, ex-MD/CEO PEPCO Engineer Tahir Basharat Cheema, ex-Directors PEPCO Board of Directors (BOD) Malik Muhammad Razi Abbas and Wazir Ali Bhayo, ex-GM Wapada Power Privatization Organization (WPPO), CEO Central Power Generation Company Ltd (CPGCL), Tariq Nazir, ex-CEO CPGCL Abdul Malik Memon and  ex-MD PEPCO Rasool Khan Mahsud.

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