National Accountability Bureau (NAB), Lahore on Tuesday arrested former Managing Director (MD), Lahore Waste Management Company (LWMC) Muhammad Waseem Ajmal over charges of embezzling more than One Billion Rupees (Rs 1Bn) in LWMC project. As per details, a contract for preparation of consultancy services was awarded to Lahore Waste Management Company by City District Government, Rawalpindi in Year 2012 which was signed in Sept 2012. As per terms of reference of the contract, the Consultants were supposed to prepare the rough cost estimates for the bidding purpose, and also were to prepare prequalification criteria and bidding documents including draft agreements for the out sourcing of Solid Waste Management (SWM) Services. Whereas, the constituted core team of the collective consultancy team comprised of following members who were in true sense associated with preparation of cost estimates, bidding documents etc. named MD LWMC, Waseem Ajmal, CFO LWMC, Rana Muhammad Arif, GM Procurement &; Contract LWMC, Col (R) Muhammad Tahir and GM legal operations Khalid Majeed. Further to above, being former MD and Team Leader of Lahore Waste Management Company accused Waseem Ajmal held a meeting on 26 th April
2014, in which accused intentionally concealed the details from the other board members of meeting. The accused person intentionally concealed the fact that the initial cost estimate regarding project’s labor cost of M/s Albirak which was already included in the initial cost estimates was got re-issued during bidding process.