Published On: Fri, Jan 1st, 2021

UK Court slaps $28.7M penalty payment to Pak High Commission

London: Pakistan’s National Accountability Bureau (NAB), an institution accused and blamed by political leadership for taking political maneuvering of the government and using it to nab top leaders of major political parties on charges of money laundering, assets beyond means and corruption worth billion of dollars, has been penalised for playing the delaying tactics in submitting the penalty amount of at least $21 million to the country in the infamous Broadsheet LLC case.

High court in London has ordered debiting at least $28.7 million from the accounts of the Pakistan High Commission

A high court in London has ordered debiting at least $28.7 million from the accounts of the Pakistan High Commission in London over non-payment of the penalty by Pakistan’s National Accountability Bureau (NAB) to the foreign assets recovery firm Boardsheet LLC.

As per the court’s order, the amount had to be debited from the accounts of the Pakistan High Commission in the UK by December 30.

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