Take them away: Embezzling officials remanded to police custody
After an enquiry into GPF misappropriation worth Rs2.6 million, an FIA team arrested 16 officials, including seven bank employees, while three Sepco officials managed to escape. PHOTO: FILE
Officials of Shikarpur Electrical Power Company (Sepco) and a private bank were among the 16 remanded on Friday to police custody for four days for their alleged involvement in the misappropriation of the general provident fund of Sepco employees.
The accused were arrested by the Federal Investigation Agency on Thursday evening. After an enquiry into GPF misappropriation worth Rs2.6 million, an FIA team arrested 16 officials, including seven bank employees, while three Sepco officials managed to escape. Another case has been registered against 11 Sepco officials and contractors for allegedly selling Sepco goods and conductors, with an estimated worth of between Rs2.5 million and Rs3 million, in Punjab.
Sukkur FIA deputy director Abdul Hameed Bhutto confirmed that seven bank officials have been arrested, while three officials escaped.
Published in The Express Tribune, February 15th, 2014.