NAB arrests top energy tycoons‏

E-Paper | May 03, 2026

ISLAMABAD: The National Accountability Bureau (NAB) on Sunday arrested three top energy tycoons for indulging in corrupt practices, a NAB spokesman said.

N. A. Zuberi, Managing Director, Private Power and Infrastructure Board (PPIB) from Islamabad and two former CEOs of Lakhra Power Generation Company Limited (LPGCL) Anwar Brohi and Muhammad from Karachi, were arrested in connection with illegally awarding a contract to Karkey Karadeniz Elektrik Uretim, a Turkish company, for installation of a Rental Power Project (RPP) in Karachi.

NAB sources said the accused men gave undue favour in getting an agreement signed between Karkey and LPGCL.

Sources told Dawn.com, despite paying a large amount of money in advance to Karkey, no energy was produced as per agreement

The estimated loss recoverable from Karkey includes $128.136m along with markup, whereas a loss of about Rs672.700m is recoverable from responsible public office holders.

The accused individuals will be produced before an accountability court next week.

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Asif

May 04, 2014 09:45pm

Finally some thing is happening in Pakistan about corrupt practices if these thugs. NAB should look more deeply as there are more in the closet.

Recommend 0

Aamir

May 04, 2014 10:37pm

Get the real culprits behind it not just some front men. Who are you trying to fool? Enough already.

Recommend 0

Umar

May 04, 2014 11:29pm

Don't be so sure. Most of the time NAB has absolutely no evidence, it simply attempts an extortion methodology. NAB has a conviction rate of less than 5%

Recommend 0

Red Dawn

May 05, 2014 02:22am

And to add to what UMAR has said, 95% of recoveries NAB has ever made, are from hapless bank defaulters not public officials as per the recovery stats on their webpage. Anyhoo, if the reported amounts are correct, its 130 billion pkrs. The biggest ever, i have heard of to date.

Recommend 0

Shahpur

May 05, 2014 05:04am

So essentially now they will settle and close the case. No criminal charges against anyone.

Recommend 0

fazal

May 05, 2014 06:49am

These officers were just doing their duties to follow Govt Policies and Procedures. Every one knows who were the culprit behind the scenes. Why NAB is not able to fix those accountable?

Recommend 0

fazal

May 05, 2014 06:51am

@Umar it is 100% true in the very case.

Recommend 0

Syed Ahmed

May 05, 2014 07:56am

Nothing is going to happen, it is just an eye wash.

Recommend 0

Danish Haider

May 05, 2014 12:01pm

Why Raja Pervaiz Ashraf alias "Raja Rental" is still at large?

Recommend 0

Niran

May 06, 2014 11:27am

The whole system is to deprive the people of their rights and the fruits of their hard work! The moment corrective measures are taken , the military will walk in and give our detractors a new lease of life!

Recommend 0

anony

May 06, 2014 09:50pm

Excellent work NAB. Don't let these thieves off the hook. They should be punished severely.

Recommend 0

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