LWMC CFO declared guilty of illegal payment of Rs19.1 million.

LAHORE -- The Chief Financial Officer (CFO) of Lahore Waste Management Company (LWMC) has been declared guilty of deliberately making an illegal payment amounting to Rs 19.1 million to one of the partners of a joint venture-MKEC-AHC (JV) in violation of the settled terms and conditions. As per details, the LWMC entered into a contract with the private company for hiring of conAtractors for secondary waste collecAtion and transportation to the dump site in respect of Ravi Town and Data Ganj Bakhsh Town in September 2021. Under clause 6.1 of the special condiAtions of contract (SCC) executed beAtween LWMC and MKEC-AHC (JV), the finance department of LWMC is bound and restricted to make all payments only in the account of lead partner of the said Joint Venture (JV) and no deAviation of any sort is permissible in this regard. However, admittedly, some payments had been made violating the settled terms and conditions of the agreement, according to the findings of the legal committee. According to the documents available with this newsApaper, the matter was brought into the notice of the Board of Directors of the LWMC which deliberated on it in its meeting held on 6th January 2023 and referred the matter of illegal payment to the legal committee authorized to advise necessary legal action against the responsible officer. The official documents reveal that despite having the knowledge of this meeting the CFO LWMC Talal Chand didn't appear before the committee neither any of his repreAsentatives attended the meeting to proAvide general assistance against the alAlegation. Even the finance department did not provide the record for inspecAtion. The legal committee declared that the payments that were...