Pakistan loses sovereign immunity over Hyderabad Funds

[rubyjackass]

Yeah I know . Finance Minister without any concent of their Nizam government . Might be some sort of corruption involved . But why Pakistan is claiming for something which they don't deserve ? That's my question.

I have no clue man. Their logic seems to be my account, my money. When did they stop claiming something because they did not deserve it? May be they needed to pay the next IMF tranche.

I checked elsewhere also. Nobody seems to know the circumstances under which the transfer was made. The Nizam cabled the bank asking the money back but it wasn't given back. Up until now, it would have been impossible to get the money back without both India and Pakistan making a deal. Nizam's family wouldn't get any money unless through goodwill of both countries. Things seem to have changed now.

You Indians should really stop trolling over such petty matters.

It is not a petty matter. If India was in Pakistan's place, the person responsible for filing the suit would be fired by now.

 

[Hindustani78]

Yeah I know . Finance Minister without any concent of their Nizam government . Might be some sort of corruption involved . But why Pakistan is claiming for something which they don't deserve ? That's my question.

Last Nizam Mir Osman Ali Khan was rajpramukh of Hyderabad State and he was Indian and contributed generously to the National Defence Fund, set up in the wake of the Indo-Chinese skirmish.

 

[DESERT FIGHTER]

India should export some burnol to Pakistan.

indian posts the news.. indian start jumping up n down like the butt is on fire and Pak needs burnol? why dont you apply a healthy dose on your behind n calm the .. down?

 

[Hindustani78]

UK court asks Pak to pay 150,000 pounds to India as legal fee | Zee News
Last Updated: Sunday, March 22, 2015 - 12:46

London: In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money while terming Pakistan's behaviour as "unreasonable".


Holding that Pakistan has no "sovereign immunity" in the case, the Judge ordered the Pakistan High Commissioner here to pay the legal costs incurred by the other respondents in the case relating to the 'Hyderabad Funds' which is currently valued at 35 million pounds.

It is understood that the legal costs of the respondents - Govt of India, the National Westminster Bank & the Nizam's heirs Mukkaram Jah & Muffakham Jah - are approx 400,000 pounds. Of this India has been paid 150,000 pounds, the National Westminster Bank 132,000 pounds and the Nizam's heirs about 60,000 pounds each respectively.

The immunity waiver under the verdict, which has opened the doors for India to recover the frozen funds through legal process, is irrevocable.

It is also reliably understood that the Indian government and the heirs of Nizam were holding consultations on the subject.

This case, known as the 'Hyderabad Funds Case', relates to transfer of 1,007,940 pounds and 9 Shillings to a London bank account in the name of the High Commissioner in the UK for the then newly formed state of Pakistan, Habib Ibrahim Rahimtoola, at the Westminster Bank (now Natwest) in 1948.

The money was transferred by an agent who appeared to be acting on behalf of the absolute ruler of one of the largest and richest of the Indian princely states, the seventh Nizam of Hyderabad.

Following the partition in 1947, and the formation of the independent sovereign states of India and Pakistan, the numerous princely states within the sub-continent were permitted by the UK to elect to join either of the two new states, or to remain independent.

The Nizam chose to remain independent.

However, on September 18, 1948, Hyderabad was annexed to India. On September 20, 1948 the money was transferred to Rahimtoola by the agent. On September 27, 1948 the Nizam sought to reverse the transfer of money claiming that it had been made without his authority.

The Bank was unwilling to comply with the Nizam's request without the agreement of the account holder. Such consent was not forthcoming, and for a number of years matters remained unresolved.

As the successor state to the Nizam's State of Hyderabad, India has all along sought its claim over the money maintaining that it was State monies and not Nizam's private monies.

However, stuck in a legal battle with no hope of a resolution since 1960, the Indian cabinet had approved efforts to pursue an out-of-court settlement with Pakistan and Nizam's heirs to recover the funds. The Cabinet had also given its approval to the negotiating strategy in the matter.

With no State immunity for Pakistan over the funds, India has once again got the chance to get the money through the legal process.

PTI

 

[Hindustani78]

Last Updated: Tuesday, May 5, 2015 - 19:06
No records of Nizam's treasure transferred to Pak: Govt | Zee News


New Delhi: Government has claimed that it has no records of the six-decades-old Hyderabad Funds case in which over one million pounds of the Nizam's wealth lying in a bank in England was transferred to the then High Commissioner of Pakistan in London in 1948.


Surprisingly, Press Information Bureau had issued a press release in 2008 claiming that the Union Cabinet has cleared for an out-of-court settlement with Pakistan over the issue.

The Central Information Commission has now directed the External Affairs Ministry to disclose whether any negotiation process was started between India and Pakistan over the treasure, worth over a million pounds which is now estimated to be 30 million pounds, lying in a bank account in London.

The move came after the ministry and the Law Ministry claimed that they have no records related to the treasure.

The case relates to RTI application filed by Akbar Ali Khan who wanted from the Law Ministry the certified copies of records pertaining to deposits made on September 20, 1948.

The ministry also said it does not have any such records with it and dismissed the petition.

"As the CPIO and First Appellate Authority stated that they searched all the files and could not find paper sought by appellant the Commission holds that no direction could be issued to the public authority to provide information when it had nothing within its records," Information Commissioner Sridhar Acharyulu said in his directive to Law Ministry.

Khan also wrote to Prime Minister's Office stating that two gold sovereigns of Mughal period were lying in Switzerland and in the custody of a bank called Credit Agricole Indosuez Geneva which he claimed belong to erstwhile ruler of Hyderabad Mir Osman Ali Khan Bahadur.

Through his RTI petition, he wanted to any records which could give information about these sovereigns.

PTI

 

[Hindustani78]

The Union Home Minister, Shri Rajnath Singh chairing a review meeting on the issues related to Enemy Property Act, 2017, in New Delhi on September 08, 2017. The Minister of State for Home Affairs, Shri Hansraj Gangaram Ahir, the Union Home Secretary, Shri Rajiv Gauba and senior officers of the MHA are also seen.

 

[Hindustani78]

http://www.hindustantimes.com/india...me-ministry/story-pLs57RnwB7UCAm9j0OvM4L.html

According to Home ministry, properties belonging to people who had left for countries like Pakistan after the partition and free from legal tangle will soon be disposed off.

Updated: Dec 18, 2017 22:00 IST
Press Trust of India, New Delhi

Union Home Minister Rajnath Singh speaks during the Parivartan Rally in Bengaluru.(PTI File Photo)


Properties belonging to people who had left for countries like Pakistan after the partition and free from legal tangle will soon be disposed off with Home Minister Rajnath Singh giving his nod, the home ministry said.

The issue was discussed threadbare at a high-level meeting chaired by the home minister here today.

The home minister directed that considering the importance of the new provisions in the Enemy Property Act, 2017, which was amended recently to include disposal/transfer of enemy properties, the rules may be notified expeditiously.

“It was also decided that the custodian office be strengthened for this purpose and the ministry should identify the properties free from encumbrance for quick disposal and monetisation,” a home ministry statement said.

According to the amended Act, “Enemy property” refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm.

The owners of the enemy properties are those who have left India and settled in Pakistan or China.

The government has vested these properties in the Custodian of Enemy Property for India, an office instituted under the central government.

After the Indo-Pakistan War of 1965, the Enemy Property Act was enacted in 1968, which regulates such properties and lists the Custodian’s powers.

The home ministry today said similar properties in Pakistan belonging to Indians have been disposed of and the appointment of nodal officers by the state governments be pursued to coordinate identification, vesting and valuation of enemy properties.

During the meeting, it was also informed that the survey of 6,289 properties has been completed and the survey be completed in respect of remaining 2,991 properties which are vested with the custodian, the statement said.

Also the properties in the process for vesting numbering 5,863 may also be surveyed at the earliest.