Top
undefined
Begin typing your search above and press return to search.

Pakistan loses 35 Million pounds to India!

Pakistan loses 35 Million pounds to India!

Pranesh RanganBy : Pranesh Rangan

  |  3 Oct 2019 5:26 AM GMT


British
court had given judgment against Pakistan's age-old claim regarding a sum of 1
million pounds that was transferred in 1948 to Pakistan's High Commissioner by
the Hyderabad ruler for "safe-keeping". Giving a judgment in favor of
India, the British court said that the descendants of Hyderabad Nizam are the
rightful owners of the money. The money, which has appreciated to 35 million
pounds, is deposited in an account in the United Kingdom's National Westminster
Bank.


This legal
battle was fought by Nizam Mir Osman Ali Khan's descendants, Mukarram Jah - the
titular eighth Nizam of Hyderabad and his younger brother Muffakham Jah, along
with the government of India.


"Nizam
VII (Mir Osman Ali Khan) was beneficially entitled to the fund and those
claiming in right of Nizam VII - the Princes and India - are entitled to have
the sum paid out to their order," Justice Marcus Smith’s order ruled. The
order also stated, "Pakistan's contentions of non-justiciability by reason
of the foreign act of state doctrine and non-enforceability on grounds of
illegality both fail".


In 2013, Pakistan made a claim that Pakistan government
is the owner of the money as the money was transferred a compensation for the
weapons provided by then Pakistan government to the Nizam of Hyderabad before
the annexation of Hyderabad princely state in 1948 but the judge stated that no
evidence is present supporting this claim of Pakistan and as a result of this
Pakistan lost 35 million pounds to India.


Next Story