Broadsheet, NAB back in UK court over $1.2 million

Broadsheet LLC and the National Accountability Bureau (NAB) are back in the London High Court after failing to agree on the issue of interest and costs, besides the payment of a remaining US$ 1,222,037.90 (£892,521.50), owed by the Pakistani anti-graft watchdog as part of a contract signed with the British asset recovery firm.

The Pakistan government lawyers at the Allen and Overy have told Broadsheet and its CEO Kaveh Moussavi that it agrees to pay the sums of US$1,222,037.90 and GBP 110 but will not pay the interest of £33,646.84 and costs of £35,000.

Broadsheet’s lawyers at Crowell & Moring have approached the court asking that Pakistan also pay the interest and costs when paying the $1.2 million owed.

The Broadsheet lawyers, in response, said that under such circumstances, they would ask the court to issue orders for the payment of interest and costs.

The Broadsheet LLC was hired by Pakistan more than two decades ago to trace assets belonging to former prime minister Nawaz Sharif and his family members, as well as several other politicians and businessmen, including Asif Ali Zardari and Benazir Bhutto.

The Broadsheet controversy raged for several months after Pakistan lost the case and several stories involving Kaveh Moussavi, Germany-based Anjum Dar, Pakistani PM Imran Khan’s aide on accountability Shahzad Akbar, Daily Mail reporter David Rose, Dr Pucks and Zafar Ali QC made rounds.

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