{"id":6569,"date":"2026-07-19T15:30:03","date_gmt":"2026-07-19T15:30:03","guid":{"rendered":"https:\/\/paksouch.com\/?p=6569"},"modified":"2026-07-19T15:30:05","modified_gmt":"2026-07-19T15:30:05","slug":"two-former-fesco-ceos-arrested-in-alleged-rs12-billion-power-sector-corruption-case","status":"publish","type":"post","link":"https:\/\/paksouch.com\/?p=6569","title":{"rendered":"Two Former FESCO CEOs Arrested in Alleged Rs12 Billion Power Sector Corruption Case"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>ISLAMABAD:<\/strong> The <strong>Federal Investigation Agency (FIA)<\/strong> has arrested two former chief executive officers of the <strong>Faisalabad Electric Supply Company (FESCO)<\/strong> in connection with an alleged <strong>Rs12 billion corruption case<\/strong> involving the illegal purchase and sale of electricity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the FIA, a case has been registered against <strong>15 individuals<\/strong>, including <strong>six former FESCO chief executive officers<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agency alleged that between <strong>2007 and 2015<\/strong>, the accused, in collusion with FESCO officials, caused a loss of approximately <strong>Rs11.96 billion<\/strong> to the national exchequer through the unlawful purchase and sale of electricity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investigators claim that electricity was sold <strong>without the required licence<\/strong>, and that power supply continued even after the relevant agreement had expired.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FIA has arrested former FESCO CEOs <strong>Khurshid Alam<\/strong> and <strong>Ahmed Saeed Akhtar<\/strong>. A court has granted the agency <strong>five days&#8217; physical remand<\/strong> of both suspects for further investigation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FIA also said that the names of the remaining accused have been placed on the <strong>Exit Control List (ECL)<\/strong> to prevent them from leaving the country while the investigation continues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Federal Investigation Agency (FIA) has arrested two former chief executive officers of the Faisalabad Electric Supply Company (FESCO) in connection with an alleged..<\/p>\n","protected":false},"author":1,"featured_media":6570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"featured_image_urls":{"full":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1.jpg",700,400,false],"thumbnail":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1-150x150.jpg",150,150,true],"medium":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1-300x171.jpg",300,171,true],"medium_large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1.jpg",700,400,false],"large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1.jpg",700,400,false],"1536x1536":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1.jpg",700,400,false],"2048x2048":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/438336_7909044_updates-1.jpg",700,400,false]},"author_info":{"info":["admin"]},"category_info":"<a href=\"https:\/\/paksouch.com\/?cat=3\" rel=\"category\">Pakistan<\/a>","tag_info":"Pakistan","comment_count":"0","_links":{"self":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6569"}],"version-history":[{"count":1,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6569\/revisions"}],"predecessor-version":[{"id":6571,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6569\/revisions\/6571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/media\/6570"}],"wp:attachment":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}