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Saturday, June 29, 2019

Wealth of the richest man hopes to reach Pakistan.


The day after the death of Quaid-e-Azam in Pakistan, India attacked the independent state of Hyderabad Deccan. The Deccan system had no army to compete with. His government surrendered. India seized all their assets.
An important event took place during the advance and occupation of the Indian Army, the echo of which is still being heard today. Nizam Deccan deposited مل 1 million in the bank account of the Pakistani High Commissioner in London. India got the news and claimed the money. When the demand reached the Bank of England, it froze the money. The case has been pending in a London court since then.
Nizam Deccan Mir Usman Ali Khan was one of the richest people in the world. Time Magazine published a picture of him on its cover in 1937, with the headline "The richest man in the world." He owned an estimated ڈالر 2 billion in the 1940s. But after capturing the state of Hyderabad, India had snatched 97% of their wealth, including precious jewels.
Despite the confiscation of Nizam's wealth in Hyderabad, the Indian government has not forgotten the one million pounds it transferred to the account of Habib Ibrahim Rahim Tola, the Pakistani High Commissioner in London. That money is still in the same bank today and has risen to 35 35 million, including interest. In Pakistani currency this amount is about seven billion rupees.
One week after the money was deposited, when Hyderabad was occupied by India, the bank received a request from the system in which it said that the money should be returned and Pakistan had no right over it. It is believed that India had put pressure on the Deccan system for a refund. The bank froze the money instead of giving it to any party.
Mir Usman Ali Khan died in 1967 but the trial continued in London. Over the course of seven decades, 120 claimants of money have come forward. They include children of women whom the system has not married. The Indian government has emerged as a separate party, claiming that it should receive money for inheriting the state of Hyderabad.
Pakistan's position is that the Deccan system did not give it as a gift but bought weapons to fight the Indian army. To this end, the system hired Frederick Sidney, a British aviator, who made 35 round trips from Karachi to Hyderabad to deliver Deccan weapons. The Deccan system paid Pakistan ایک 1 million for these weapons. Historical evidence confirms this.
In 2016, a London court ruled that Pakistan's position was correct and that it had a right to money. But the case reached the London High Court. The verdict is expected to be announced in six weeks after the recent hearing.
Observers believe that whatever the decision of the High Court, the parties will definitely appeal to the Supreme Court. If Pakistan loses the case, a new legal battle will break out between more than 100 claimants inside India.