Broadsheet's Moussavi apologises to Nawaz Sharif over graft allegations

12:55 PM | 22 Mar, 2022
Broadsheet's Moussavi apologises to Nawaz Sharif over graft allegations
Source: Social media

LONDON – Kaveh Moussavi, head of the UK-based asset recovery firm Broadsheet, has appologised to former prime minister Nawaz Sharif, saying no evidence of corruption was found against the Pakistani politician and his family during forensic investigation. 

He also regretted for being part of a witch hunt” that has been running in the name of accountability for years, according to Geo News. 

Broadsheet LLC was hired by Pakistan more than two decades ago to trace assets belonging to former prime minister Nawaz Sharif and his family members, as well as several other politicians, including Asif Ali Zardari.

Pakistan broke the contract off early, in violation of the agreement it had signed, and the case has so far cost Pakistan nearly $65 million in legal fees and awards after Kaveh Moussavi took up the matter before sole arbitrator Sir Anthony Evans QC under the rules of the Chartered Institute of Arbitrators.

In a startling interview with the news channel, Moussavi categorically stated that no evidence of corruption or stolen wealth were found during Broadsheet’s forensic probe. 

“Not one rupee. We found a lot of plundered wealth but not one rupee relating to Mr Nawaz Sharif, the former prime minister, or any member of his family. Not one rupee, I can categorically say that after virtually 21 years of investigations. If anybody tells you otherwise, they are lying to you,” Geo quoted him as saying.

He added that the National Accountability Bureau (NAB) had made corruption against Nawaz Sharif on political grounds, saying he was apologising to the former premier for his role in it. 

Moussavi said: “I have no hesitation in issuing an apology to the former prime minister Nawaz Sharif for having been a part to the sham, the scandalous non-sense masquerading as NAB. It’s a fraud through and through.”

Kaveh Moussavi also termed his previous allegation that surfaced around 2018 election in Pakistan that Nawaz Sharif had stashed tens of millions of dollars in a Far East bank fictitious

He also lashed out at NAB for running the campaign against Nawaz Sharif, stating: “There is not a scintilla of evidence that former prime minister Nawaz sharif was corrupt” and “I unhesitatingly tell the people of Pakistan that NAB is nothing other than a racket and it has no interest in fighting corruption. It’s there as a machine of witch-hunt against opponents of powers whoever that be at one particular time, ” Geo News reported. 

In February 2021, Broadsheet paid around Rs4.5 million to the Sharif family in a lawsuit related to Avenfield apartments.

Broadsheet made a payment of £20,000 to the Sharif family as a legal cost after it withdrew a petition from the English High Court for seizure and sale of four Avenfield Apartments in the Broadsheet vs Pakistan/National Accountability Bureau (NAB) case.


KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 253.5 255.5
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100


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