South Asian Business news and information

Now, after all these years, the money has grown to £30 million, but the problem is that this money has to be divided among three parties- the government of Pakistan and India and the 470 descendents of Nizam. Indian government will start negotiating with the other two parties to disburse the money.  BBC reports:

"We are re-starting the negotiation process," Kapil Sibal, Indian minister for science and technology, was quoting by news agency Reuters as saying.

"How much should the private beneficiary get and then what should be the distribution between the government of India and Pakistan will be negotiated," Mr Sibal said.

Many claims

The negotiations are to be conducted over 18 months and to involve the Nizam's grandson, now living in a small apartment in Istanbul after losing much of the family fortune.

The last Nizam of Hyderabad had delicate taste for women. Aside from his four legally wedded wives, he had 86 mistresses who bore more than 100 children. In 1957, Britain’s House of Lords declared that the fund will be disbursed after all the parties reach to some kind of agreement. 

Kings come and go. The Nizams had their days of glory. Now, everything is history. The Nizam of Hyderabad was one of the richest men in the world of his time. Reading this story makes me laugh. All these years, the descendents of Nizam are fighting over this wealth but if it is divided properly, how much they will get? Moreover, the whole process is going to be very long. I think, by the time they receive the money it would be of no use to them.

Related article:

BBC