IESCOIslamic Educational, Scientific and Cultural Organization
IESCOIslamabad Electric Supply Company Ltd. (Pakistan)
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The CEO was briefed that during routine checking, some meters were found slow and with holes, told the IESCO spokesman here Monday.
Sources privy to the development informed Pakistan Today that the NAB has received a complaint regarding fraud in IESCO worth Rs207,752,411, which was pocketed during the period starting from July 2018 to the end of June 2019.
Under its revised deadline, Ataturk Avenue was supposed to be ready before July 30, but work continued at a snail's pace because of the CDA's dispute with Iesco over the shifting of electricity cables.
According to IESCO spokesman on 20th July 2019, SE IESCO Islamabad Circle will conduct open katchary at Bahara Kahu(Rural) Sub Divison (Bahara Kahu Division) at 10:00 AM, SE Rawalpindi at Choa Kalsa Sub Divison (Rawat Division) at 10:00 AM, SE Attock Circle at Shadi Khan Sub Division (Attock Division) at 10:00 AM, SE Chakwal Circle at Kallar Khar Sub Divison (Chakwal Division) at 10:00 AM and SE Jhelum Circle at Cantt Sub Division (Jehlum-1 Division) at 10:00 AM.
The meeting was apprised that the project in both DISCOs is in advance stage and bidding evaluation process is under way in IESCO and LESCO bids are ready to be floated.
IESCO officials have also filmed a video of illegal connection and also recorded statements of employees of Al-Khudadad Height during raid, it is a first raid of IESCO against bigwigs in December.
He said as per prevailing policy of IESCO, if a commercial transformer in the market gets faulty, traders are required to get it repaired on a self-finance basis from designated vendors of IESCO, which was not justified.
The IESCO spokesman told APP that some five culprits were held from Jhelum and two each from Attock and Chakwal circles.
According to IESCO schedule, the domestic consumers in Islamabad will enjoy uninterrupted electricity supply from 6:30pm to 11:00pm (Iftar and Trawih) and again from 2:00am to 3:30am during Sehar.
These cleared and reconciled bogus scrolls, as well as fake bank statements, were then forwarded to the IESCO online system.' Sources further said that the Securities and Exchange Commission of Pakistan (SECP) had not taken notice of this embezzlement even after examining the financial statement of the IESCO.
The electricity supply to the area suspended early morning and Iesco officials have failed to repair the fault on Friday, forcing people to spend the day without electricity and water.