PREVIOUS
✖
Hyderabad Nizam’s Fund Case
October 4 , 2019
1796 days
2157
0
- The UK High Court has ruled that funds transferred in 1948 by Hyderabad’s VII Nizam Osman Ali Khan to the high commissioner of Pakistan in Britain belong to India.
- The Nizam had transferred 1,007,940 pounds and nine shillings in 1948 to the Pakistan high commissioner on the assumption of the possibility of joining Pakistan.
- After Indian annexation of princely state Hyderabad, ownership for the money was contested by both India and Pakistan for 70 years.
- The grandsons VII Nizam, Mukkaram Jah, and Muffakham Jah also laid claim to the same fund.
- They say it had been gifted to them in a trust set up by their grandfather on April 24, 1963.
- The original amount has now grown into £35m (Rs 306 crore).
- UK’s Justice Smith has ruled that the 7th Nizam was beneficially entitled to the £35m fund, as were the princes and India.
- The case came to be popularly known as “Hyderabad Fund Case”.
Leave a Reply
Your Comment is awaiting moderation.