PESHAWAR: National Accountability Bureau (NAB) on Saturday arrested Parvez Akhtar Shah, former chief executive Peshawar Electric Supply Company (PESCO), on charges of accumulating assets that did not match his source of income.
Shah will be produced before the accountability court for obtaining physical remand under NAB's custody.
During the course of inquiry it was revealed that the accused belongs to a middle class family residing in Khyber-Pakhtunkhwa's (K-P) Teri District Karak.
Read: No respite: Court rejects bail plea of former PESCO chief
As per the inquiry, during his service in WAPDA from 1978 to 2015, Shah illegally acquired four plots at various locations in Peshawar, including Hayatabad.
Shah has also been accused of possessing about 10 plots worth millions of rupees in Islamabad and its adjacent areas. The accused also procured plots in WAPDA Employees Co-operative Housing Society in Nowshera.
Further, it was revealed in the inquiry that Shah purchased plots in Peshawar's Rahatabbad area and constructed a palatial double-storey house worth Rs 50 million. It was also found that along with owning apartments and vehicles worth millions in Islamabad, Shah maintained foreign bank accounts in United Kingdom as well as in local banks.
Earlier this year, the Peshawar High Court dismissed the bail plea of Peshawar Electric Supply Company’s (Pesco) former CEO, Parvez Akhtar Shah, who was arrested on charges of illegally supplying electricity to an Afghan refugee camp.
Read: Judicial remand: Former PESCO chief sent to central prison
Standing counsel F M Sabir told the court Shah received Rs13 million from an Afghan refugee, Dost Muhammad Khan, and promised to supply electricity to the camp. Khan deposited the amount in the account of another Pesco employee Muhammad Ayaz, added Sabir.
The counsel for the accused said his client was falsely implicated in the case and there is no solid proof to establish that he had supplied electricity to the camp, adding he does not maintain several bank accounts.