Day: February 24, 2021

According to legal evidence, Broadsheet LLC, hired by the Pakistani government to recover money and assets from the Sharif family, ended up paying around Rs4.5 million to the Sharifs in the lawsuit before the London High Court.

In the Broadsheet vs Pakistan National Accountability Bureau (NAB) case, Broadsheet made a payout of £ 20,000 (equivalent to 4.5 million Pakistani Rupees) to the Sharif family for the settlement of the legal expenses of the Sharif family after having withdrawn the Avenfield Apartments attachment application before the English High Court for the seizure and selling of four Avenfield Apartments.

Sharif’s family’s lawyers have confirmed that they have recieved the payment in their bank account. On the other hand, Broadsheet’s lawyers have also confirmed paying the Sharifs.

The Pakistani government hired Broadsheet in 1999 to find and recover assets of Nawaz Sharif, his family members, and other around 170 Pakistanis, however, it could not find any assets of Sharifs or others with the only exception of Admiral Mansoorul Haq. The deal coasted Pakistan over US $65 million.

Broadsheet began the process in the London High Court on 19 June 2020 for the recovery of money granted by two court judgments by the auction of four Avenfield Apartments, according to legal papers available to this reporter.

Broadsheet (an Isle of Man company, in liquidation) obtained arbitration awards from the Court of Arbitration against Pakistan/NAB for breach of contract and damages of approximately $29 million, before starting the attachment process.

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