Broadsheet threatens further enforcement action
Top Story
February 4, 2021
LONDON: The Broadsheet LLC has threatened to commence further enforcement action against the assets of Pakistan if an estimated amount of over $2 million towards accrued interest, outstanding judgment debt and legal costs is not paid without any further delay.
This correspondent has obtained extensive communication of the last two weeks between Pakistan’s lawyers at Allen & Overy and Broadsheet’s lawyers at Crowell & Moring.
Broadsheet has asked Pakistan to immediately pay the following amounts: US$1,180,799 in respect of further interest owed by Pakistan on judgment debts, accrued after the issue of Broadsheet’s third party debt order on partial payment by funds received from United National Bank on December 31, 2020; US$40,677 being the balance of the judgment debt remaining unsatisfied; US$5,889 interest accrued on the balance of the judgment debt being and continuing to accrue at the daily rat
Broadsheet threatens action unless Rs481m paid
Top Story
February 3, 2021
LONDON: The Broadsheet LLC has threatened to commence further enforcement action against the assets of Pakistan if an estimated amount of $2.2 million (Rs481 million) towards accrued interest, outstanding judgment debt and legal costs is not paid without delay. This correspondent has obtained extensive communication of the last two weeks between Pakistan’s lawyers at Allen & Overy and Broadsheet’s lawyers at Crowell & Moring. The Broadsheet has asked Pakistan to immediately pay the following amounts: $1,180,799 in respect of further interest owed by Pakistan on judgment debts, accrued after the issue of Broadsheet’s third party debt order on partial payment by funds received from United National Bank on December 31, 2020; $40,677 being the balance of the judgment debt remaining unsatisfied; $5,889 interest accrued on the balance of the judgment debt being and continuing to accrue at the daily rate of
National
January 13, 2021
ISLAMABAD: A parliamentary panel is poised to look into the payment of Rs4.5 billion to assets recovery firm Broadsheet LLC by Pakistan as a penalty imposed by a London arbitrator.
The 21-member National Assembly standing committee on foreign affairs, headed by Pakistan Tehreek-e-Insaf (PTI) member Ehsanullah Tiwana, will hold an in-camera meeting on January 18 to get briefings from the National Accountability Bureau (NAB) chairman and several other relevant figures.
Apart from the NAB chairman, the law and justice secretary, controller general of accounts and auditor general of Pakistan have been asked to personally attend the meeting. They have been urged to forward a soft copy of their respective briefs by email and 45 hard copies by regular mail, each in English and Urdu, for advance study of the members of the forum.
Britain’s firm Broadsheet exposed ruling elite s corruption and money laundering, says Pak PM
13 Jan 2021 These elites cannot hide behind the victimisation card on these international revelations, says Imran Khan. . File photo
Tariq Butt, Correspondent
Prime Minister Imran Khan said on Wednesday that Pakistan wants complete transparency from the London-based assets recovery firm, Broadsheet LLC, on our elite’s money laundering and on who stopped (it from going ahead with its assignment). Why do these revelations expose repeatedly?” he posed a question in a series of tweets, and said exactly what he has been saying in his 24 years fight against corruption, which is the biggest threat to Pakistan’s progress. These elites come to power and plunder the country.”
Broadsheet seeks another Rs337m
January 10, 2021
LONDON: The Broadsheet LLC has written to the lawyers of National Accountability Bureau (NAB) in London seeking an additional sum of US$1,180,799.66, while confirming that it’s in receipt of funds from United National Bank’s London branch in the sum of US$28,706,533.34.
This reporter saw a copy of the letter, sent to NAB in Pakistan, NAB’s lawyers Allen & Overy and copied to the United Bank Limited’s London Bond Street branch.
The Broadsheet has confirmed that it has received nearly US$29 million “in accordance with the terms of Deputy Master Lay’s order of 17 December 2020”.