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India-Pak to settle 1948 Hyderabad fund case

BS Reporter  |  New Delhi 

India-Pak to settle 1948 Hyderabad fund case
BS Reporter / New Delhi April 11, 2008
India has decided to go for an out-of-the-court settlement with Pakistan on the disputed 30 mn pound sterling, that has been lying in a British bank for over last 60 years.

The dispute dates back to September 20, 1948, after the partition of India, when a minister of the Nizam of Hyderabad, had unauthorisedly transferred nearly 1 mn pounds from the state funds to the then National Westminister Bank, London, in the account of Pakistan

First Published: Fri, April 11 2008. 17:19 IST
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