Indian royals win $43 million in dispute over bank deposit from 1948

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Indian royals win $43 million in dispute over bank deposit from 1948
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The High Court in London has decided that a deposit left untouched in a British bank account since 1948 is the rightful property of the descendants of the monarch who transferred it -- and not Pakistan.

The Nizam of Hyderabad ruled over his independent state from 1911 until 1948, when the Indian Army invaded it. The partition that accompanied the end of British rule had established India and Pakistan as two independent states the previous year, and the Nizam had resisted joining either.

in trust" so that the interests of the state could be safeguarded. Philip Barden, a partner at Devonshires law firm, who represented one of the Nizam's heirs, said:"This was an unusual and fascinating case that required the court to delve into the history books and reconstruct events that took place over 70 years ago...," according to PA.

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