SC will hear next week broadsheet petition seeking volume 10 of JIT report

The Supreme Court has fixed for Tuesday (August 22) the Broadsheet LLC’s petition seeking the release of Volume-10 of the Joint Investigation Team (JIT) report on the Panama Papers leaks case.

A two-member bench of the top court headed by Chief Justice of Pakistan (CJP) Umar Ata Bandial will take up the plea on August 22. The apex court issued notices to the Attorney General for Pakistan (AGP) and the relevant parties in the case.

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The National Accountability Bureau (NAB) struck a deal with the asset recovery firm during Pervez Musharraf’s government in 1999 to trace assets in the UK and the US of more than 200 Pakistanis (called ‘targets’ in the contract) including generals, politicians, businessmen — Benazir Bhutto, Asif Ali Zardari and Nawaz Sharif as the chief targets.

Conflict over payment emerged after NAB suddenly terminated its contract with Broadsheet in 2003. Broadsheet claimed that it helped NAB in tracing the Sharif family’s foreign assets. But the anti-graft watchdog did not pay it for its services.

Later, Broadsheet moved a UK court against NAB over the payment issue.

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Asset recovery firm wanted to present a copy of Volume-10 of the JIT report in the UK court as evidence.

Last month, the Court of Appeal of the Isle of Man handed a crucial victory to Kaveh Moussavi’s Broadsheet company which was contracted by NAB in July 2000.

The $29 million that Pakistan paid to Broadsheet LLC after London High Court arbitration judge Anthony Evans. It ruled against NAB in favor of Broadsheet for a breach of contract. It is at center of the legal dispute in Isle of Man.

VR Global Partners, a multibillion dollar hedge fund run by Richard Deitz. They filed a lawsuit against Broadsheet. As soon as the $31 million that Pakistan paid to Broadsheet LLC received, seeking $51 million of that sum.