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April 11, 2021
ISLAMABAD: The federal cabinet has allowed the Federal Investigation Agency (FIA) to launch an investigation against two former chairmen and officers of the National Accountability Bureau (NAB).
According to sources, the probe has been approved against the two former NAB chairmen and officers from 2011 to 2017 period.
This action has been taken in the light of the cabinet-approved inquiry report of the Broadsheet Commission.
According to sources, the National Accountability Bureauâs tenure from 2011 to 2017 was declared the darkest period in its history. Its officers had shrewdly played their role in closing down Swiss accounts cases by misleading the court.
Swiss accounts case: Cabinet allows FIA probe against ex-NAB heads
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Swiss accounts case: Cabinet allows FIA probe against ex-NAB heads
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Behind the Broadsheet blunder
The writer is a public policy expert and an honorary Fellow of Consortium for Development Policy Research. He tweets @hasaankhawar
The Broadsheet Commission report is not merely an inquiry into what went wrong with one particular contract but is instead a sneak peek into how bureaucracy works.
The scandal is about two asset recovery firms: Broadsheet LLC (Isle of Man) and International Asset Recovery LLC (IAR), which never ended up providing any significant services, yet caused a huge loss to the national exchequer. Broadsheet eventually transferred its right of settlement to Steeplechase, which became the beneficiary of the final arbitration award.