Sitara Energy Limited has issued a clarification regarding the registration of a First Information Report (FIR) by the Federal Investigation Agency (FIA) involving its CEO, stemming from a Power Purchase Agreement (PPA) with Faisalabad Electric Supply Company (FESCO).
- The allegations in the FIR relate to regulatory matters from business activities conducted between 2006 and 2015.
- Sitara Energy Limited denies the allegations and asserts compliance with all applicable laws and regulations.
- The company is cooperating fully with authorities and continues to operate normally, with no impact on its obligations.
- The matter is currently under investigation and is being addressed through legal channels.