A major scandal alleges that World Bank funds meant for Sindh’s solar project were siphoned through fake imports and routed to Dubai real estate, triggering NAB investigations.
WEBDESK – MediaBites | Investigations
A major financial scandal has surfaced involving alleged misuse of World Bank funds in Pakistan’s Sindh Solar Energy Program, with claims that large sums were diverted to purchase properties in Dubai.
According to details shared by analyst Asadullah Khan, the scheme involved awarding a contract to a Chinese company for installing solar panels and lighting systems in low-income households across Sindh. However, instead of importing the equipment as documented, the products were allegedly sourced locally — and in some cases, not fully procured.
Investigators claim that fake import documents were prepared to show that the equipment had been purchased from the Chinese firm. Based on these documents, the World Bank reportedly released payments to the contracted company.
Under the alleged arrangement, a significant portion of the funds was then transferred to Dubai, where properties were purchased, effectively diverting development funds away from their intended purpose.
Sources indicate that Pakistan’s anti-corruption watchdog, NAB (National Accountability Bureau), has obtained key evidence related to the case and is examining financial records and transaction trails.
The alleged fraud raises serious concerns about transparency and oversight in foreign-funded development projects, particularly those aimed at supporting vulnerable communities.
If confirmed, the case could have far-reaching implications for Pakistan’s credibility with international financial institutions and may trigger stricter monitoring of future funding programs.
Authorities have yet to issue an official statement, but the emerging details point to a complex financial network involving procurement manipulation, offshore transfers, and real estate investments abroad.
