Thread by @Fereeha

1500,000 dollars paid to Mr James under the out of court settlement at the guidance of "smart" Pakistani government, also, NAB paid a sum of 250,000 dollars in settlement of the claims by IAR, in 2008. Mr James died in 2011/2. So the money was paid in vain.

The repudiatory damages were paid according to clause 4 of ARA.

Here is the clause 4 of ARA, the Asset Recovery Agreement dated 20th June, 2000. Under the ARA, in relation to assets recovered, the defendant was to receive 20 per cent of the amount available to be transferred. This is exactly what @sayedzbukhari had said on our show last week.

The point 11 clearly states that " the majority of the claim related to the defendant's loss of the chance claim in relation to the Sharif family, namely the value of the chance it lost to revive payment under the ARA in respect of claims made from Mr Sharif and his family"

Out of the total, 19 million US dollars were awarded as part of damages of 20 per cent deal based on total amount of money or assets that could be recovered. The damages awarded in respect the Sharif family formed the most significant part of the Quantum Award financially.

The damages awarded in respect of the Sharif family Other assets was the most important part of the dispute to the parties..."it is not just an essential issue, it is the essential issue."

The situation in relation to the Sharif family assets was wholly different than others. The assets had first to be identified, then a value established, and cost of recovery estimated. There was a lack of specific evidence enabling this for many other assets.

The net figure estimated in this case for Sharif family assets is 100 million US dollars , and the claimant"s share at 20 per cent recovery is 19 million US dollars.

The possible recovery from Sharif family was far greater than possible recovery from any other family.

@threadreaderapp unroll

The decision mentions the exclusion of Ishaq Dar because of an underlying understanding with NAB.