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Home National

Embezzlement of Rs.11.68 million by Iesco’s transport officer goes unrecovered

Daily Dateline Islamabad by Daily Dateline Islamabad
August 30, 2023
in National
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Aamir Lashari

ISLAMABAD: In a concerning case of financial misconduct within the Transport Directorate, employees of Islamabad Electric Supply Company (IESCO) allegedly embezzled a staggering sum of Rs.11.68 million. According to the WAPDA Guidelines for Enforcing Responsibility for Losses due to Fraud, Theft, or Negligence of Individuals (1982), losses, whether of public funds or stores, must undergo a preliminary investigation to identify the cause and the amount involved.

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The incident, dating back to September 2013, involved allegations against the Manager of Transport at IESCO. An inquiry committee was formed, which concluded that disciplinary action should be taken and that the embezzled amount should be recovered from the individuals involved. The Finance Director was tasked with determining the recovery ratio—80% from Mr. M. Ali Zulgarmain Kiani, Manager Transport, and 20% from Malik M. Arif UDC. However, no action was taken to address the loss.

Subsequent attempts were made to address the issue. The matter was brought to the attention of management in September 2016 and later reported to the Ministry in December of the same year. Despite assurances from management, no progress was made, leaving the matter unresolved.

The Development Advisory Committee (DAC) played a role in seeking accountability. In meetings held on various dates, the DAC directed management to furnish documents, finalize inquiries, and submit reports to Audit for verification. These directives aimed to ensure transparency and to address the matter appropriately.

Unfortunately, even after several years, the issue remains unresolved. The latest response from management stated that the matter is still under inquiry and will be reported to Audit once completed. The PAC (Public Accounts Committee) also took notice, urging the Public Accounts Officer (PAO) to personally intervene, take action, and provide a report to Audit within 30 days.

This ongoing case highlights the need for swift and thorough action in cases of financial misconduct. As authorities continue their efforts to address the embezzlement, the public waits for a resolution and the recovery of the substantial amount

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