NAB arrests Imran owner of Royal Foundry in illegally utilization of electricity


Peshawar: NAB Khyber Pakhtunkhwa arrested Imran owner of Royal Foundry in connivance with TESCO Officers illegally utilized electricity for his steel furnace and caused loss of Rs.26.4 Million to the Govt Exchequer.

As per details the Royal Foundry is situated in Shahkas area of Khyber Agency (FATA) initially the case was taken-up by FIA but due to restricted jurisdiction in FATA the case was referred to NAB Authorities for further inquiry / investigation.

NAB authorities constituted a technical Committee for establishment of the offence of electricity theft. During the course of inquiry it was revealed that the TESCO officials supplied electricity from the Grid Station meant for general consumer of FATA to the Royal Foundry for commercial purpose without any legal authority. Accused Imran with other crony accused persons of TESCO caused about more than Rs.26.4 Million the Government Exchequer.

NAB Khyber Pakhtunkhwa is actively pursuing the case and more arrests are on card. The accused will be produced before the accountability court for obtaining his physical remand into NAB custody.

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