The British High Court has ordered a fine of Rs 450 crore from the accounts of the Pakistan High Commission in London. The penalty was imposed by the National Accountability Bureau (NAB) in lieu of non-payment to foreign asset collection company Broadsheet LLC. This information came from Pakistani media report.
According to the Pakistan newspaper Express Tribune, United Bank Limited UK wrote a letter to the Pakistan High Commission on 29 December following a court order. In the letter, it was requested to provide written payment instructions along with debit account details to facilitate compliance of the High Court order of payment of 2 crore 87 lakh 6 thousand 533 dollars.
The bank also told the High Commission that in the event of non-receipt of written payment instructions by 30 December, there would be no option but to make unilateral withdrawals from the accounts of the High Commission to recover the payment amount as stipulated in the court order.
The news quoted sources as saying that NAB amounting to about Rs 450 crore ($ 26,153,783.34) was lying in an account with UBL, London, which operates in the name of Pakistan High Commission in Britain. According to the order of the British High Court, the fine payment deadline expired on 31 December. However, officials of the Pakistani Foreign Office said that the money has not been deducted from the bank accounts yet.