New Delhi: In a setback to India, the English High Court today upheld Pakistan’s claim to the Hyderabad Fund.
According to media reports emanating from Pakistan, the Islamic Republic’s Foreign Office today issued a statement in this regard and said that the verdict is a vindication of Pakistan’s stand.
“The 75-page judgment of Henderson J is a clear vindication of Pakistan’s principled stance, and the effective legal strategy being pursued by the new legal team,” the statement said.
The case related to transfer of GBP 35 million in a bank account in the name of the High Commissioner of Pakistan by Nizam-e-Hyderabad before the state merged with India. The money transfer was done on 20th September 1948.
India had challenged the transfer of the money to Pakistan but the UK court has given its verdict in Pakistan’s favour.
“The Judge accepted that there was good evidence in support of Pakistan’s claim to the monies, which needed to be fully considered at a trial. The Judge also accepted that there were good legal arguments which were supportive of Pakistan’s position,” the communique said.
