NAB arrests Parvez Akhtar Shah Chief Executive PESCO in
accumulation of Assets beyond means case
Chitral Times Report
PESHAWAR: NAB Khyber Pakhtunkhwa today arrested ParvezAkhtar
Shah, Chief Executive PESCO who is allegedly involved in
accumulation of assets which are grossly disproportionate to his
known sources of income.
During the course of inquiry it was revealed that the accused
Pervez Akhtar Shah belongs to a humble/mediocre family of Village
Teri District Karak. During his service from 1978 to 2015 in WAPDA,
he has acquired illegally 04 numbers of precious plots at various
places of Peshawar including Hayatabad in his name and the name of
benamidars. Furthermore, during the course of inquiry it came to
surface that the accused has accumulated 10 numbers of valuable
plots worth millions of rupees in various locations / societies of
Islamabad and adjacent areas. The accused also procured plots in
WAPDA Employees Co-operative Housing Society Nowshera.
It is merit to mentioning here that, the accused Pervez Akhtar Shah
purchased 2 Kanal 18 Marla land in Rahat Abad Peshawar and
constructed a palatial double story house worth Rs. 50.00 Million,
2 x Apartments in Islamabad Gardens, Islamabad worth Rs. 30.00
Million and maintained Foreign Bank Accounts in United Kingdom as
well as in local banks with huge transactions. He also got various
luxurious vehicles worth millions of rupees.
In nutshell the accused has accumulated ill-gotten properties wroth
beyond imaginations and it will not be out of context that most of
the record related to properties and bank account were recovered
during house search of the accused.
The accused will be produced before the accountability court for
obtaining his physical remand into NAB custody.