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NAB Wasted 4.6 Billion Rupees In Musharraf-Led Foreign Asset Investigations

LONDON/ISLAMABAD: The National Accountability Bureau has had to pay a whopping 4.6 billion PKR to Broadsheet LLC, an assets recovery firm after the London High Court ruled in the latter’s favour.

In 2003, Pakistan’s military dictator Gen Pervaiz Musharraf had hired Broadsheet LLC to investigate, track and trace the overseas assets of over 200 Pakistanis, most of whom included Musharraf’s political rivals including Mohtarma Benazir Bhutto, Nawaz Sharif and some of their associates.

Broadsheet LLC did not recover a single asset worth a single rupee during the course of the investigation but instead of paying its dues, NAB embarked on a lengthy and costly legal conflict which ultimately resulted in 4.6 billion rupees loss to the national exchequer.

The News International reported that a source within the Pakistan High Commission in London confirmed that they had received the court order and had no choice but to comply with the London High Court’s decision, according to Daily Pakistan. 

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Naya Daur