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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.