A Bhopal merchant invested Rs 35,000 in a 1917 British war loan, 109 years later, UK’s Debt Management Office says it finds no evidence the loan was ever its obligation

The Ruthiya family had sought repayment of the Rs 35,000 subscription made to Indian War Loan.

BHOPAL: The UK’s Debt Management Office (DMO) has said it can find no evidence that a 109-year-old Indian War Loan, in which a Bhopal merchant invested Rs 35,000 in 1917, was or is an obligation of British govt, leaving a Madhya Pradesh family’s claim unresolved. The office did not say whether the money was repaid.“We have investigated and can find no evidence that the loan you refer to was or is an obligation of the UK govt,” DMO said in an email dated Oct 16.It was replying to Shreyansh Raniwala, legal counsel for the family of Vivek Ruthiya (63) of Sehore.Although the email is not a judicial finding on the family’s claim, and DMO…

Read the original article here

A Bhopal merchant invested Rs 35,000 in a 1917 British war loan, 109 years later, UK’s Debt Management Office says it finds no evidence the loan was ever its obligation | Bhopal News

Related Posts