Colonial-era Indian royalty and Pakistan fight in court for $45 million stashed in London bank

[Dubious]

But in 2013, Pakistan launched a legal challenge to try and unlock the funds in order to claim full ownership of the $45 million. This, in the judge's view, waived Pakistan's right to not be sued

Which hungry hoard did that?!

 

[insight-out]

It's dollars not pounds!

Also there is no god or akhirat. This life is all there is.

How ironic your name is then. Abdussamad meaning the "worshipper/slave of the Everlasting".

Which hungry hoard did that?!

Looks like making away with Pakistani taxpayer money wasn't enough. Someone must have told them about the £45m just sitting there, and they thought hey that's easy money for the taking.

 

[HAIDER]

Which hungry hoard did that?!

Was it Nawaz era ?

 

[MilSpec]

Pakistan should get the money, it supplied the arms and ammunition, it deserves to get paid by the party.

 

[Dubious]

Was it Nawaz era ?

Yea stupid greedy creature caused us a headache

Looks like making away with Pakistani taxpayer money wasn't enough. Someone must have told them about the £45m just sitting there, and they thought hey that's easy money for the taking.

Yup and no one would have known it was there let alone extracted

 

[Goku]

It will be funny if the costs to fight the case cross the amount of disputed money

 

[khansaheeb]

45 Million in 1947 wont be 45 Million in 2019.

After 70 years of steadily growing interest, the account is NOW worth a staggering $45 million.

If the money was held in an Indian or Pakistani bank it would have disappeared by now. It's amazing how efficient the British banks are , most of the time.

 

[El Sidd]

After 70 years of steadily growing interest, the account is NOW worth a staggering $45 million.

If the money was held in an Indian or Pakistani bank it would have disappeared by now. It's amazing how efficient the British banks are , most of the time.

Yes you should totally accept interest as a worthy investment option too. Go for it in UK

 

[ARMalik]

1.5 million in 47 , due to interest now its 45 million.

That is incorrect - you really need to get your maths right. Since the total amount is $45 million, the interest rate will apply on $45 Million. Now the time period in question is just over 70 years. With interest rates fluctuation upwards and downwards over 70 years, the average rate will come to around 10% per annum. Hence, $45 Million kept in the bank for 70 years, at an average interest rate of 10% compounded annually comes to $44 Billion Dollars! And that is a lot of money!

 

[El Sidd]

That is incorrect - you really need to get your maths right. Since the total amount is $45 million, the interest rate will apply on $45 Million. Now the time period in question is just over 70 years. With interest rates fluctuation upwards and downwards over 70 years, the average rate will come to around 10% per annum. Hence, $45 Million kept in the bank for 70 years, at an average interest rate of 10% compounded annually comes to $44 Billion Dollars! And that is a lot of money!

He does not care about such stuff. He has a simple task on the forum and he is doing that. Stop bugging him