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

Pakistan’s National Accountability Bureau (NAB), an institution accused and blamed by political leadership for taking

UK

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  2 Jan 2021 8:40 AM GMT

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 penalized for playing the delaying tactics in submitting the penalty amount of at least $21 million to the country in the infamous Broadsheet LLC case.

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. The development was also confirmed by Pakistan Foreign Office sources, who said that London had ordered debiting millions of dollars from the Pakistan High Commission accounts.

Referring to the court order, the United Bank Limited UK had also written a letter to the Pakistan High Commission on December 29, requesting to provide written payment instructions along with debit account details to ensure smooth transaction of $28,706,533.35, which should be as per the Final Third Party Order issued by the high court.

The bank had also notified the Pakistan High Commission that in case the written payment instruction was not received by December 30, the bank would still proceed with unilaterally debiting the high commission's account to meet the orders of the court. (IANS)

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