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 during his service 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 50 million rupees. It was also found that along with owning apartments and vehicles worth millions in Islamabad, Shah also 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 Pesco former CEO Parvez Akhtar Shah, who was arrested on charges of illegally supplying electricity to an Afghan refugee camp. Standing Counsel F M Sabir told the court that Shah received 13 million rupees from an Afghan refugee Dost Muhammad Khan to supply electricity to the camp. The counsel for the accused said his client was falsely implicated in the case and there is no solid proof to establish that he supplied illegal electricity to the camp and denied that he maintained several bank accounts.