Hyderabad Nizam's money in Pak. account

NEW DELHI, APRIL 20. An amount of £ 24,454,350.18 belonging to the erstwhile Nizam of Hyderabad's Government is lying in a London bank account of a former Pakistan High Commissioner to Britain.

Initially, a sum of &popund; 1,007,940.09 was maintained in an account of National Westminster Bank of London in September 1948 in the name of Nizam's Government, the Minister of State for Finance, Mr. Balasaheb Vikhe Patil, said in the Lok Sabha in a written reply.

This amount, he said, was transferred to an account in the name of the then High Commissioner of Pakistan on the instructions of erstwhile Nizam's Finance Minister. The funds currently amounted to £ 24,454,350.18.

India had made several attempts with the Pakistan Government, the late Nizam of Hyderabad and his legal heirs to resolve the issue and the efforts were continuing, he said.

-PTI

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