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.
London High Court orders NAB to pay around £1 million by 13 August or the United Bank will be compelled to transfer the said seized amount to Broadsheet on 17 August pic.twitter.com/wGBBJAH8Ox
— Murtaza Ali Shah (@MurtazaViews) August 2, 2021
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.
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.
22 billion to be paid to Broadsheet.
29 Billion was total cost of Lahore Metro. https://t.co/MShDMizFHA
— blue account (@iffiViews) August 3, 2021
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.
— Senator Sehar Kamran T.I. (@SeharKamran) August 3, 2021