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UK Court slaps $28.7M penalty payment to Pak High Commission

UK Court slaps $28.7M penalty payment to Pak High Commission
By
Hamza Ameer ( IANS)
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Published on
Fri, Jan 1 2021 15:21 IST
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Gavel.. Image Source: IANS News
London, Jan 1 : Pakistan s National Accountability Bureau (NAB), an institution accused and blamed by political leadership for taking political maneuvering of the government and using it to nab top leaders of major political parties on charges of money laundering, assets beyond means and corruption worth billion of dollars, has been penalised for playing the delaying tactics in submitting the penalty amount of at least $21 million to the country in the infamous Broadsheet LLC case.
A high court in London has ordered debiting at least $28.7 million from the accounts of the Pakistan High Commission in London over non-payment of the penalty by Pakistan s National Accountability Bureau (NAB) to the foreign assets recovery firm Boardsheet LLC. ....

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UK court orders payment of $28.7m to Broadsheet from Pakistan High Commission accounts

UK court orders $28.7m payment to Broadsheet
Amount to be debited from HC account in London as NAB fails to clear liabilities to lobbyist firm
ISLAMABAD:
A high court in the UK has ordered debiting Rs4.5 billion from the accounts of the Pakistan High Commission in London over non-payment of a penalty by the National Accountability Bureau (NAB) to the foreign asset recovery firm Broadsheet LLC.
Foreign Office sources told The Express Tribune that the high court in London had ordered debiting millions of dollars from the accounts of the Pakistan High Commission in the UK by December 30.
In view of the court order, the United Bank Limited UK wrote a letter to the Pakistan High Commission on December 29, requesting it to provide written payment instructions with debit account details to facilitate the payment of $28,706,533.35 in line with the Final Third Party Order issued by the high court. ....

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