FIA Detains Businessman, Former FESCO Chiefs Over Alleged Electricity Scam
LAHORE: Pakistan’s Federal Investigation Agency (FIA) has arrested prominent industrialist Mian Idris and two former chief executives of the Faisalabad Electric Supply Company (FESCO) at Lahore Airport as they were allegedly attempting to board a flight to the United States. The arrests are linked to an alleged Rs11.96 billion electricity fraud and corruption case, in which the suspects are accused of causing significant losses to the national exchequer through illegal power purchase and sale arrangements between 2007 and 2015.
High-Profile Power Fraud Probe Leads to Arrests at Lahore Airport
According to the FIA, the case names 13 suspects, including former FESCO officials and a senior NEPRA official, on charges of corruption, fraud, forgery, abuse of authority, and criminal breach of trust. Investigators allege that private companies, in collusion with public officials, violated licensing conditions and regulatory requirements to sell electricity illegally at inflated rates while purchasing power at subsidized prices. The FIA said the investigation is ongoing and further legal action will be taken based on the available evidence.
