Chitral Times Report
PESHAWAR: NAB Khyber Pakhtunkhwa today arrested accused Abdul Moid Faruki CEO M/s Ideal Hydrotech System who is involved in embezzlement of huge funds in “Clean Drinking Water for All” Project causing colossal loss to National Exchequer.
As per details, “Clean Drinking Water for All (CDWA)” project was started across the country in April 2006 with the aim to install Water Filtration Plants in each Union Council of the country. The bidding process including pre-qualification and selection of contractors of the Clean Drinking Water for All (CDWA) Project was carried out by Ministry of Industries, Production and Special Initiatives at Federal level. Gross violations of rules and regulations have been committed in award of contracts across the country to various contractors rendering the project into a huge scam.
Contract of “Clean Drinking Water for all” project was awarded to accused Abdul Moid Faruki CEO M/s Ideal Hydrotech System, in November 2007 for installation of 1159 water filtration plants. Accused Abdul Moid Faruki in connivance with officials of Local Government Department KP provided fake bank guarantee worth Rs. 594 Million on the basis of which huge amounts were released by Local Government Department KP. Due to the provision of fake bank guarantee, the project was badly affected and the work was not executed as per the contract agreement which resulted in heavy loss to the National Exchequer and masses were deprived of availability of clean drinking water. Earlier NAB KP has arrested accused Muhammad Ramzan Shiekh, CEO M/s Ideal Hydrotech System and Asghar Khan (Chief Engineer Local Govt.) in the same case.
The Accused will be presented before the Accountability Court Peshawar on 13.11.2018 for obtaining his physical remand. More arrests are on cards.
