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Pakistan s £1 million frozen by London bank following court order in favour of Broadsheet

From The Past Pages Of Dawn: 1971: Fifty Years Ago: Chancery in Delhi attacked - Newspaper

NEW DELHI: Stone-throwing Indian students tried to raid the Pakistan High Commission Building in New Delhi’s Diplomatic Enclave today [Feb 3]. They smashed windowpanes of the buildings and several members of the High Commission Staff were hurt. The demonstrations the largest in the city for years called for revenge against Pakistan and demanded the return of the Kashmiri hijackers who hijacked an Indian airliner and have been granted political asylum. They increased violence later in the night as Prime Minister Indira Gandhi, speaking in Calcutta, blamed Pakistan for the hijacking and blowing up of the Indian Airlines plane in Lahore.

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.

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 single asset o

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