IESCO recovers Rs100m from officials
Out of Rs239.366 million worth of embezzlement detected in the billing department
PHOTO: FILE
ISLAMABAD:
The Senate Standing Committee on Power on Friday was apprised that over Rs100 million has been recovered so far, out of Rs239.366 million worth of embezzlement detected in the billing department of Islamabad Electric Supply Company (IESCO) besides arresting four employees directly involved in the scam. The committee which met with Senator Fida Muhammad in the Chair was briefed about the alleged embezzlement in IESCO billing department and demand, supply position of Tribal Electric Supply Company (TESCO) and Quetta Electric Supply Company (QESCO). Briefing the Senate Panel, IESCO Chief Executive Officer Chaudhary Shahid Iqbal said a fraud of Rs43 million was detected on a single day in the office of Customer Services Officer (CSO) Islamabad. He said after detecting the embezzlement, the five-member committee has been set up to hold an inquiry into the matter besides suspending 12 officials. The IESCO CEO said the committee has detected fraud worth Rs239.366 million so far for the period from July 2017 to June 2019. The then CSO Muhammad Naeem, commercial assistant Khalid Mahmood, Accounts Assistant Muhammad Rafique, sweeper Waqas Javed and a private person Gul Khitab were involved in the fraud, he added.
Published in The Express Tribune, September 14th, 2019.
The Senate Standing Committee on Power on Friday was apprised that over Rs100 million has been recovered so far, out of Rs239.366 million worth of embezzlement detected in the billing department of Islamabad Electric Supply Company (IESCO) besides arresting four employees directly involved in the scam. The committee which met with Senator Fida Muhammad in the Chair was briefed about the alleged embezzlement in IESCO billing department and demand, supply position of Tribal Electric Supply Company (TESCO) and Quetta Electric Supply Company (QESCO). Briefing the Senate Panel, IESCO Chief Executive Officer Chaudhary Shahid Iqbal said a fraud of Rs43 million was detected on a single day in the office of Customer Services Officer (CSO) Islamabad. He said after detecting the embezzlement, the five-member committee has been set up to hold an inquiry into the matter besides suspending 12 officials. The IESCO CEO said the committee has detected fraud worth Rs239.366 million so far for the period from July 2017 to June 2019. The then CSO Muhammad Naeem, commercial assistant Khalid Mahmood, Accounts Assistant Muhammad Rafique, sweeper Waqas Javed and a private person Gul Khitab were involved in the fraud, he added.
Published in The Express Tribune, September 14th, 2019.