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Inter-ministerial committee formed to probe Broadsheet scandal: Shibli Faraz


Inter-ministerial committee formed to probe Broadsheet scandal: Shibli Faraz
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Tuesday Jan 12, 2021
Minister for Information Shibli Faraz addressing a press briefing following a meeting of the federal cabinet, in Islamabad, on January 12, 2021. APP photo by Saeed-ul-Mulk
Broadsheet scandal to be probed by inter-ministerial committee and findings shared with the public soon
Auditor general s powers to be enhanced for greater transparency
Crackdown has begun against petrol pumps selling smuggled fuel
Minister for Information Shibli Faraz on Tuesday said that an inter-ministerial committee has been formed to probe the Broadsheet LLC scandal.
An interview of Broadsheet CEO Kaveh Moussavi has surfaced on YouTube in which he makes several claims regarding the firm s investigation into the assets of former prime minister Nawaz Sharif held abroad. ....

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Pakistan pays Rs4.59 billion to British firm for lost case


January 2, 2021
LONDON/ISLAMABAD: The Pakistan High Commission has made a payment of $28.706 million (Rs4.59 billion) on behalf of the National Accountability Bureau (NAB) to the assets recovery firm Broadsheet LLC after losing the long-running litigation at the London High Court – 21 years after hiring the firm to trace alleged foreign assets of dozens of Pakistanis and being unable to find any.
The London High Court’s Financial Division had issued on December 17 a Final Third Party Order for payment to the NAB’s former client Broadsheet by December 30 – drawing curtains on a case that has cost Pakistani taxpayers billions of rupees. ....

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A messy affair: Pakistan pays Rs4.59b to British firm for lost case


January 1, 2021
LONDON: The Pakistan High Commission has made a payment of $28.706 million (Rs4.59 billion) on behalf of the National Accountability Bureau (NAB) to the assets recovery firm Broadsheet LLC after losing the long-running litigation at the London High Court – 17 years after hiring the firm to trace alleged foreign assets of dozens of Pakistanis and being unable to find any.
The London High Court’s Financial Division had issued on 17 December a Final Third Party Order for payment to the NAB’s former client Broadsheet by 30th of December – drawing curtains on a case that has cost Pakistani taxpayers billions of rupees. Ironically, Broadsheet was hired by NAB during Pervez Musharraf’s government in 2003 to trace assets in the UK and USA of more than 200 Pakistanis (called ‘targets’ in the contract) including generals, politicians, businessmen - Benazir Bhutto, Asif Ali Zardari and Nawaz Sharif as the chief targets. The firm didn’t recover a singl ....

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