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Broadsheet report : $ 1.5 million payment made to the Broadsheet Company is missing.

ISLAMABAD (REPORTBEAT) – The Prime Minister Office has on Monday received the Broadsheet inquiry commission report in which it has been revealed that the record of $ 1.5 million payment made to the Broadsheet Company is missing.

The report said the payment related files have been stolen from the Ministries of Finance and the Law along with the attorney general’s office while the concerned portion is also missing from the file of the High Commission of Pakistan in London. The wrong payment cannot be considered as negligence, the report stressed.

Let it be known that Joint Secretary Zahid Maqsood collected the document at the PM Office. The report and relevant record comprise 500 pages. The commission recorded statements of 26 witnesses while one female legal consultant did not appear despite summoning.

It is pertinent here to mention that the commission – headed by Justice (retd) Azmat Saeed – had started investigation on February 9. The former Supreme Court (SC) judge was appointed under Section 3 of the Pakistan Commissions of Inquiry Act, 2017, subject to the following Terms of Reference:

a) To examine the process of selection and appointment of Trouvons LLC, Broadsheet LLC, and International Asset Recovery Limited (‘IAR’) and execution of Agreements in the year 2000.

b) To examine the circumstances, reasons and effect of cancellation of Agreements with Broadsheet LLC and IAR in 2003.

c) To identify and determine the reasons and effect of settlement and payments made on behalf of Pakistan to IAR and Broadsheet LLC in 2008, and whether the payments made were justified.

d) To identify the persons or officials responsible for making wrong payment of USD 1.5 million to the wrong person in the year 2008 which was not entitled to receive such payment.

e) To identify as to whether the arbitration proceedings before the London Court of International Arbitration (LCIA) and subsequent appeal before the High Court of Justice in London regarding Broadsheet LLC were conducted diligently and efficiently.

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