Tag: Broadsheet LLC
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‘NAB is a fraud through and through’: Broadsheet CEO apologises to Nawaz, says no corruption found
Assets recovery firm Broadsheet’s CEO Kaveh Moussavi has issued an apology to former prime minister Nawaz Sharif, withdrawing all corruption allegations and for being part of a “witch hunt”. Moussavi issued an apology to the Pakistan Muslim League-Nawaz (PML-N) leader through a video interview with GEO News on allegations of corruption. “We found a lot…
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Broadsheet ends up paying £20,000 to Sharifs in London lawsuit
The company hired by Pakistan to trace assets of the Sharif family in London, Broadsheet LLC, has ended up paying £20,000 (Rs4.5 million or Rs45 lacs) to the Sharifs in the lawsuit before the London High Court, Geo News reported. According to reports, Broadsheet has made the payment for the settlement of the Sharif family’s…
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FBR goes after NAB for not paying Rs69 crores in taxes
The Federal Board of Revenue (FBR) has served a notice to the National Accountability Bureau (NAB) for costing the country a whopping Rs690 million (Rs69 crores). As per the details, NAB did not deduct 15% withholding tax while paying damages worth over Rs4 billion (Rs4 Arab) in the Broadsheet case. The News quoted sources as…
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Son of NAB’s ex-prosecutor says worked for Broadsheet-linked firm without pay
Omer Farouk Adam, son of ex-prosecutor general of the National Accountability Bureau Farouk Adam Khan, says that he worked for a Broadsheet-linked firm in the 2000s as an intern without any monetary benefits. Recently, ex-NAB chairman Gen (r) Syed Amjad alleged that Farouk Adam Khan worked for a law firm connected to the asset…
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Opposition concerned over ex-SC judge heading Broadsheet scandal investigation panel
Two of the country’s major opposition parties, the Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP), have expressed reservations on the investigation panel that is to be headed by former Supreme Court (SC) justice, Azmat Saeed, to investigate the Broadsheet scandal. Speaking to a private media outlet on Thursday, senior PML-N leader Ahsan Iqbal…
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EXPLAINER: How NAB cost Pakistan billions over Broadsheet deal
Pakistan paid Broadsheet, an asset recovery firm registered in the Isle of Man, Rs4.65bn after the National Accountability Bureau (NAB) broke an agreement with it three years after it was signed in 2000. After its formation in 1999 by then military dictator Pervez Musharraf, NAB approached Broadsheet to recover overseas assets of at least 200…
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PM’s aide denies accompanying person who asked Broadsheet CEO for commission
After it stirred controversy, Prime Minister’s Special Assistant on Accountability Shahzad Akbar has responded to the Broadsheet CEO’s interview, saying he had met Kaveh Moussavi in 2019 to “negotiate the award price and trying to reduce the payable amount”. In a news report that has now been retracted, it was claimed that an unnamed individual…
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Broadsheet owner claims Sharifs tried to bribe him to stop assets probe
Former prime minister Nawaz Sharif offered a bribe to Broadsheet for abandoning probe against his foreign assets, claimed Broadsheet Chief Executive Officer (CEO) Kaveh Moussavi in an interview on Sunday. In an interview published on YouTube, he said the assets recovery firm “had flatly refused the deal offered by a person claiming himself as the…
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Pakistan cricket team’s equipment could be siezed by company NAB owes money to
The Pakistan Cricket Board (PCB) has played down reports that a company based in the Isle of Man may seize assets owned by the Pakistan team currently in the United Kingdom (UK), as part of an old legal dispute between the firm and the Pakistan government. A report quoted a letter from Broadsheet LLC to…