Rs 45 billion alleged embezzlement in LWMC: Punjab government takes action

Rs 45 billion alleged embezzlement in LWMC: Punjab government takes action
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LAHORE – Punjab government has taken notice of the media report over the Rs 45 billion embezzlement report in the case of Lahore Waste Management Company.

Punjab government on Tuesday has directed to conduct special audit of Lahore Waste Management Company (LWMC).

The provincial government has assured to launch inquiry into the matter for which a resolution has also been submitted.

Earlier it was revealed that in 2008, then Chief Minister (CM) Shehbaz Sharif constituted Project Management Unit (PMU) aimed at plummeting garbage level to zero by ensuring minimum pollution. The whole program was dubbed as ‘Zero Pollution Zero Garbage’. Despite spending millions on PMU, the project was dropped.

Following this, Shehbaz launched Lahore Waste Management Company (LWMC) and for doing so, rules were either disregarded or revoked while contracts were given on basis of sheer nepotism. Despite grave objections raised by special secretary finance and law, Shehbaz Sharif approved the summary in this regard.

Economy