ISLAMABAD: A British court has allowed Broadsheet LLC to serve freezing orders inside Pakistan on National Accountability Bureau (NAB) headquarters and Attorney General for Pakistan Office after the top anti-graft body’s lawyers in UK failed to respond to court orders despite passage of several weeks.
The ruling will add to pressure on the government to stump up more cash after it said last year it would set up a scheme to determine if some of the bondholders could be paid a one-off payment in certain circumstances.
LCF went bust in early 2019, leaving 11,600 bondholders facing losses of up to 267 million pounds. LCF was regulated by the Financial Conduct Authority, but the mini-bonds were unregulated.
“Well, the justice system is making its way and we’re not a party to that. And like any Australian, they’re offered consular support and should, you know, the appeal fail, obviously he would be able to return to Australia like any other Australian,” Morrison said.