Pakistan India fight in UK Court for £35 million 75 years old case
Shares
LONDON: Pakistan India fight in UK Court for £35 million 75 years old case.
The UK High Court is set to decide whether £35 million - belonging to Nizam of Hyderabad at the time of partition in 1947 and given to Pakistan for safe-keeping in a London bank account – belongs to Pakistan or the Nizam’s descendants, who have joined hands with India in court to get funds in the case.
The £35 million, Prince Mukarram Jah, the eighth Nizam of Hyderabad and his younger brother Muffakham Jah, have joined hands with the Indian government in the legal fight against the Pakistan government over the £35 million funds lying with NatWest Bank in London.
The original amount was about £1,007,940 - transferred in 1948 from the then Nizam of Hyderabad to the high commissioner in Britain after Pakistan came into being.
The amount has since sat in the Natwest Bank and its value, accruing interest, has increased to around £35 million in around 70 years.
The two-week trial, presided over by Justice Marcus Smith, has been presented with arguments from both sides in the case listed as the High Commissioner for Pakistan in the United Kingdom versus seven others, including the Nizam's ancestors, the Union of India and President of India.
By: Murtaza Ali Shah
