Advertisement

NAB to pay 1.2 million dollars to Broadsheet by next week

London High Court has ordered NAB to pay an enormous amount of 1.2 million dollars to Broadsheet LLC by next week. As per reports, if these orders are not complied with, then a third-party debt order may trigger.

Print Friendly, PDF & Email

According to statements by the London High Court, Pakistan’s government along with the National Accountability Bureau (NAB) has to pay 1.2 million dollars to Broadsheet LLC by next week.

Broadsheet LLC is a firm specialising in tracing, locating and returning assets as demanded by its clients, usually states. Master Davison has issued three payments that Pakistan needs to make: £892,521.50 ($1.222,037.90), £110, and additional costs of £26,296.80.

Master Davison was critical of NAB’s engagements with the courts’ proceedings and dismissed arguments made by NAB’s lawyers. As per reports, if these orders are not complied with, then a third-party debt order may trigger. The interim order will also be binding on the United National Bank to transfer the sum required by 17th August 2021.

Pakistan hired Broadsheet LLC  to trace assets belonging to prominent Pakistani politicians. Nawaz Shareef and his family, Asif Zardari, and other businessmen were on the list as well. However, the deal was cut short by Pakistan, causing it a loss of 65 million dollars of legal fee, seeing that the contract was violated.

Read more: David Rose demanded GBP 250,000 to arrange Kaveh Moussavi’s meeting with Shahzad Akbar?

Kaveh Moussavi, who leads this firm took the case to Sir Anthony Evans, to be a sole arbitrator. Broadsheet’s lawyers had then convinced London High Court that Pakistan had been fraudulent in conspiring against Broadsheet Isle of Man, thus asking the court to freeze Pakistan’s assets in United Bank Limited back in December 2020.

This issue dominated the headlines until Pakistan lost the case. However, a series of covert meeting scandals between Moussavi and Germany-based Anjum Dar, Shahzad Akbar along with a Daily Mail Reporter and others dispersed. Two secret meetings, one in Germany and one in Uk, between Anjum Dar and Moussavi indicated Anjum utilising his PMLN links to get Broadsheet cleared, given some commission is received.

Pakistan has been tirelessly warped in legal proceedings with no favourable results. With this news out around Independence day celebrations, Netizens are not sitting well with their past and present governments actions on the matter.

Read more: Op-ed: The broadsheet saga is the ‘crash’ of Pakistan’s institutions

Latest

Pakistan off UK red list after six months

Pakistan off UK red list after six months is a laudable achievement that reflects Pakistan's effective policy making against Covid-19 spread. Dominic Raab, UK foreign secretary had hinted when he came to Islamabad that Pakistan will be removed from red list travel restrictions.