Nizam's £34 Million Case Again Making Headlines
Background :
>> (In 1948) ... the richest man in the world deposited £1m in a London account. It's been there ever since, and today it could be worth ...m. But no one can lay a finger on it. Luke Harding on a tale of sex, greed, international politics - and the NatWest bank [A prince's ransom, The Guardian]
>> "The origins of the Hyderabad Funds Case, dating back to September 1948, related to the transfer of over £1 million sterling from the account of the government of the Nizam of Hyderabad to Habib Ibrahim Rahimtoola, the then High Commissioner of Pakistan in London.The transfer was made by the Nizam's finance minister without the ruler's approval. The transfer instructions were irregular as the finance minister had no power to do so.The Nizam's subsequent instructions to re-transfer the funds were not complied with, leading to arbitration in the British courts.The matter also went up to the House of Lords. It held that the legal title to the money vested in the Pakistan government, which was not asserting a beneficiary title to the fund." [source]
Latest:
- The international row over £30million left in NatWest bank (London, UK) account by an eccentric maharajah, dailymail.co.uk Jan 27 2014
- Solicitor general advice government to intervene as Pakistan claims Nizam's GBP 34 mn funds The Economic Times 24 Jan, 2014, Ajmer Singh
- Indian government to intervene, as Pakistan claims Nizam of Hyderabad's GBP 34 mn Economic Times 24 Jan, 2014
- India, Pak revisit history, lock horns over Nizam wealth fund southasiamonitor.org Jan 24, 2014
- The Nizams of Hyderabad: An Epic Tale of Wealth, Loss and Reconciliation, saffronart.com December 4, 2012 by amyqinglin
- Hopes of early settlement to row over Nizam’s funds, thehindu.com July 19, 2012
- Taj Falaknuma Palace: A New Experience of Palatial Splendor forbes.com 10/17/2012
- Why wealth of Hyderabad Nizam's heirs depends on Pakistan, Indo-Asian News Service | Updated: July 20, 2012
- Nizam's funds: Six decade Indo-Pak stalemate nearing end? Apr 11, 2008
Economic Times - Precious collection of Nizam's jewels lies buried in a bank vault intoday.in, Amarnath K. Menon April 30, 1988
- A simple leisure visit to an out of bound retreat (Nizam's Residency House, aka Rashtrapati Nilayam)
- Penny pinching ruler of Hyderabad... The Milwaukee Journal - Sep 23, 1948
News archive -- Hyderabad Funds Case + The Glory, Granger & Wealth of Hyderabad Nizam:
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