£35m in UK bank be­longs to Hyd Nizam heirs, In­dia: Court

Pak’s Claim To Money Re­jected

The Times of India (New Delhi edition) - - Times Sport - Naomi Can­ton

Lon­don: The UK high court on Wed­nes­day ruled in favour of In­dia and the tit­u­lar eighth Nizam of Hy­der­abad and his younger brother in a case they had been fight­ing against Pak­istan re­lat­ing to who has the rights to £35 mil­lion (Rs 306 crore) stashed away in a Bri­tish bank ac­count since Par­ti­tion.

In­dia, the Nizam and his brother, who are the grand­sons of the sev­enth Nizam, have a con­fi­den­tial set­tle­ment on how to split the money.

The dis­pute cen­tred on a cor­pus of £1 mil­lion and one guinea that on Septem­ber 20, 1948 was trans­ferred by the In 1948, Hy­der­abad’s fi­nance min­is­ter

to the West­min­ster Bank (now NatWest Bank) ac­count of Habib Ibrahim Rahim­toola, then Pak­istan’s high com­mis­sioner in Lon­don.

The money has since

trans­ferred £1 mil­lion

grown to £35 mil­lion ( 306 crore).

then Nizam

Os­man Ali Khan,

said he had no knowl­edge of the money trans­fer and it was

The money in the frozen ac­count is pop­u­larly known as Hy­der­abad Fund

of Hy­der­abad,

done with­out his ap­proval.

sev­enth Nizam’s fi­nance min­is­ter, Nawab Moin Nawaz Jung, from a gov­ern­ment bank ac­count to an­other in Lon­don held by Pak­istan’s then high com­mis­sioner to the UK, Habib Ibrahim Rahim­toola. This was dur­ing the In­dian an­nex­a­tion of the princely state of Hy­der­abad.

Mir Os­man Ali Khan, his grand­sons Mukar­ram Jah (the present tit­u­lar head) and Muf­fakham Jah, other mem­bers of the Nizam’s fam­ily, In­dia (which en­tered into a pact with the Nizam’s fam­ily) and Pak­istan

The grand­son of the sev­enth Nizam, Mukar­ram Jah, and his younger brother Muf­fakham Jah have laid claim to the fund, say­ing it had been gifted to them in a trust set up by their grand­fa­ther on April 24, 1963. Pak­istan, on the other hand, says it was a pay­ment made by the erst­while prince

In­dia also claimed

ly state to Pak­istan for arm­ing Hy­der­abad when it was about to be in­vaded by In­dia.

Jus­tice Mar­cus Smith ruled on Wed­nes­day the sev­enth Nizam was ben­e­fi­cially en­ti­tled to the £35 fund, as were the princes and In­dia.

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