2 days ago
India has Rs 31952224 with Saudi Arabian government... what is India's property dispute with Saudi Arabia
India has Rs 31952224 with Saudi Arabian government... what is India's property dispute with Saudi Arabia | Know here
Saudi Arabia and India have always been great friends and of late the trade between the two countries is also growing rapidly. However, there is an old dispute which has lasted for centuries now related to an Indian property.
As a result, the value of the money deposited in the Saudi government's account regarding this property is increasing and it has now reached 3 lakh 73 thousand dollars.
Whose property is this? What is the dispute about it? And why has this amount not been withdrawn even after centuries? Let's find out
Property dispute is 50 years old
This property dispute between Saudi Arabia and India is about 50 years old. According to a BBC report, an Indian businessman, Mayankutty KE, in Saudi Arabia built a guest house in Mecca in 1870. Mayankutty, who was a resident of Kerala and his business was spread from Mumbai to Paris. Mayankutty's guest house was located near Masjid al-Haram, which was demolished during the expansion of Mecca city.
What is the reason for the controversy?
The Saudi administration had deposited 14 lakh riyals in the government account as compensation for demolishing this property. If this property is compared in today's time, then this amount is close to 3 lakh 73 thousand US dollars.
Actually, at the time when the compensation was deposited in the government account, the legal heir of this property could not be identified. There is a dispute between two sides of the family of Mayankutty KE regarding succession, due to which this amount is also stuck in the Saudi government's account.
How big was this property?
According to the report, the Indian businessman had built a guest house in the city of Mecca. This guest house was a few steps away from the holiest place of Islam, Masjid Al Haram, which had 22 rooms and several large halls. The entire guest house was spread over about one and a half acres and wood for its construction was brought from Kerala. Not only this, a manager was also appointed for the maintenance of this guest house.
