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After getting Rs4.59 billion, Broadsheet seeks Rs483m more


Top Story
January 2, 2021
LONDON: The Government of Pakistan has made a payment of nearly $29 million under a London High Court order to the Broadsheet LLC but the litigation is far from over as liquidating agents of the assets recovery firm are seeking several millions more from the National Accountability Bureau (NAB) - $3 million (approx Rs483 million) in interests and costs at the rate of $5,000 per day.
An agent of the Broadsheet LLC has told this reporter that the NAB still owes the Broadsheet $3 million and interest rate of $5,000 per day on the overall award amount. “I can confirm that US$28,706,533.34 (4.6 billion) has been paid into the Broadsheet LLC Liquidator’s account as per the court Order on account of $22 million judgment and $6 million in initial legal costs. The cost of around $3 million legal costs is still owed and it is costing the Pakistan Govt $150,000 per month at the rate of $5,000 per day and growing. We have an enforcement cost Order fr ....

City Of , United Kingdom , Islamic Republic Of Pakistan , Pervez Musharraf , Kendal Freeman , Shahzad Akbar , Imran Khan , Kaveh Mousavi , National Accountability Bureau , Third Party , Solicitors Regulatory Authority , Essex Court , Pakistan High Commission , Vienna Convention , London High Court , London High Court Commercial Division , Allen Overy , Oxford University , United National Bank , United Bank , Third Party Order , Pakistan Govt , Commercial Division , District Judge Master Kay , Defendants The Islamic Republic , United National Bank Limited ,

After getting Rs4.6 bn, Broadsheet seeks Rs483m more


Top Story
January 2, 2021
LONDON: The Government of Pakistan has made a payment of nearly $29 million under a London High Court order to the Broadsheet LLC but the litigation is far from over as liquidating agents of the assets recovery firm are seeking several million more from the National Accountability Bureau (NAB), $3 million (approx Rs483 million) in interests and costs at the rate of $5,000 per day.
An agent of the Broadsheet LLC has told this reporter that the NAB still owes the Broadsheet $3 million and interest rate of $5,000 per day on the overall award amount. “I can confirm that US$28,706,533.34 (4.6 billion) has been paid into the Broadsheet LLC Liquidator’s account as per the court Order on account of $22 million judgment and $6 million in initial legal costs. The cost of around $3 million legal costs is still owed and it is costing the Pakistan Govt $150,000 per month at the rate of $5,000 per day and growing. We have an enforcement cost Order from ....

City Of , United Kingdom , Islamic Republic Of Pakistan , Pervez Musharraf , Kendal Freeman , Shahzad Akbar , Imran Khan , Kaveh Mousavi , National Accountability Bureau , Third Party , Solicitors Regulatory Authority , Essex Court , Pakistan High Commission , Vienna Convention , London High Court , London High Court Commercial Division , Allen Overy , Oxford University , United National Bank , United Bank , Third Party Order , Pakistan Govt , Commercial Division , District Judge Master Kay , Defendants The Islamic Republic , United National Bank Limited ,

Broadsheet LLC seeks millions more from NAB after getting $28.7 million


Broadsheet LLC seeks millions more from NAB after getting $28.7 million
By
Another $3 million is still owed
As NAB drags its feet, the amount keeps increasing every day due to statutory interest
LONDON: Following a London High Court order, the Government of Pakistan paid $29 million to Broadsheet LLC but the litigation is far from over as the firm is now seeking millions more from the National Accountability Bureau.
An agent of the firm told Geo.tv that the bureau owes $3 million in legal costs. Confirming a payment worth $28,706,533.34 (28.7 million) by the Pakistani government to Broadsheet LLC liquidator s account as per the court ruling on account of $22 million judgment and $6 million initial legal costs, the agent said NAB still owes $3 million legal costs and it is costing the Pakistani government $150,000 per month at a statutory interest rate of $5000 per day. ....

United Kingdom , City Of , Islamic Republic Of Pakistan , Pervez Musharraf , Kendal Freeman , Shahzad Akbar , Kaveh Mousavi , Javed Iqbal , National Accountability Bureau , Third Party , Solicitors Regulatory Authority , A London High Court , Pakistan High Commission , Vienna Convention , London High Court , Allen Overy , United National Bank , Oxford University , United Bank , National Accountability , Solicitors Regulatory , Accountability Shahzad Akbar , Geo News , District Judge Master Kay , Islamic Republic , United National Bank Limited ,

After getting Rs4.59b, Broadsheet seeks Rs483m more


Top Story
January 2, 2021
LONDON: The Government of Pakistan has made a payment of nearly $29 million under a London High Court order to the Broadsheet LLC but the litigation is far from over as liquidating agents of the assets recovery firm are seeking several millions more from the National Accountability Bureau (NAB) - $3 million (approx Rs483 million) in interests and costs at the rate of $5,000 per day.
An agent of the Broadsheet LLC has told this reporter that the NAB still owes the Broadsheet $3 million and interest rate of $5,000 per day on the overall award amount. “I can confirm that US$28,706,533.34 (4.6 billion) has been paid into the Broadsheet LLC Liquidator’s account as per the court Order on account of $22 million judgment and $6 million in initial legal costs. The cost of around $3 million legal costs is still owed and it is costing the Pakistan Govt $150,000 per month at the rate of $5,000 per day and growing. We have an enforcement cost Order fr ....

City Of , United Kingdom , Islamic Republic Of Pakistan , Pervez Musharraf , Kendal Freeman , Shahzad Akbar , Imran Khan , Kaveh Mousavi , National Accountability Bureau , Third Party , Solicitors Regulatory Authority , Essex Court , Pakistan High Commission , Vienna Convention , London High Court , London High Court Commercial Division , Allen Overy , Oxford University , United National Bank , United Bank , Third Party Order , Pakistan Govt , Commercial Division , District Judge Master Kay , Defendants The Islamic Republic , United National Bank Limited ,