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NAB picks up former Nepra chief over misuse of authority, graft

By Our Staff Reporter 2019-06-11
LAHORE: The National Accountability Bureau (NAB), Lahore, has arrested a former director general of the National Electric Power Regulatory Authority (Nepra) on charges of misuse of authority and corrupt practices.

According to NAB, Syed Insaf Ahmed was designated by Nepra for determination of electricity tariff proposed by a power firm in 2007.

It said the suspect had also worked as Nepra director tariff and later as DG tariff during the same period.

The suspect by misuse of his authority and in alleged connivance with the management of the power firm accepted fraudulent financial and technical information on account of various cost f actors in order to allow fraudulent and illegal gains on the prices of electricity tarif f, it said.

NAB added that the suspect wilfully f acilitated the false cost estimates submitted by the power firm.

NAB will produce the suspect before an accountability court to seek his physical remand.

Answering a question, a NAB official said action would also be taken against others involved in the scam.