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Top Story April 1, 2021 ISLAMABAD: Justice (R) Azmat Shaikh Commission report on the Broadsheet affair has spared the generals who headed the NAB at the time but holds a former prosecutor general and a lawyer responsible for the scam. The commission also seeks a ‘fact-based’ prosecution of Asif Ali Zardari in the SGS-Cotecna and ARY cases at the appeal stage. Informed sources say that the commission was dismayed over how these cases were decided by the Accountability Court in favour of Zardari. It was because of the ‘missing’ record, which the commission insists is not missing. Therefore, this point must be pressed in the appeal stage of the case by NAB to get the trial court verdict reversed. ....
Top Story April 1, 2021 ISLAMABAD: Justice (R) Azmat Shaikh Commission report on the Broadsheet affair has spared the generals who headed NAB at the time but holds a former prosecutor general and a lawyer responsible for the scam. The Commission also seeks a ‘fact-based’ prosecution of Asif Ali Zardari in the SGS-Cotecna and ARY cases at the appeal stage. Informed sources say that the Commission was dismayed over how these cases were decided by the Accountability Court in favour of Zardari. It was because of the ‘missing’ record, which the Commission insists is not missing. Therefore, this point must be pressed in the appeal stage of the case by NAB to get the trial court verdict reversed. ....
National February 20, 2021 ISLAMABAD: A foreign assets recovery firm had claimed $515 million as compensation after the termination of its agreement but had settled on a much lower sum of $2 million after negotiations with the National Accountability Bureau (NAB). In its objections, the Auditor-General of Pakistan (AGP) held that against a claim of $515.6m, only $2.2m were paid and accepted by International Assets Recovery (IAR), indicating that the demand was not filed on a factual basis. Either the claim was exorbitant or there was some flaw in the agreement reached between IAR and NAB/the Pakistan government, documents show. An amount of $.15m was also paid to Broadsheet LLC, a firm different from the one headed by Kaveh Moussavi. President Dr Arif Alvi, on the recommendation of an official committee, had approved the payment of $3.7 million [$2.2m plus $1.5m] to Broadsheet LLC and IAR by NAB as compensation after the termination of the asset recovery agreement ....
Ending pacts with assets recovery firms: Co claimed $515m compensation but settled for just $2.2 million thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Ending pacts with assets recovery firms: Company claimed $515m compensation but settled for $2.2m thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.