Indian Family Wants UK Govt to Repay 109-Yr-Old Loan Taken During WWI
The UK Debt Management Office is reviewing the family’s claim after it sent records of the 109-year-old loan and asked for more evidence.
6 Articles
6 Articles
The Ruthia family of Sehore claims that their grandfather, Seth Jummalal Ruthia, loaned the British government 35,000 rupees in 1917. 109 years later, the family sent a legal notice demanding the repayment of the money, including interest. The British government responded, requesting documents related to the loan and family information.
Rs 35,000 loan to British Empire in 1917: MP family gets response from UK debt office after 109 years
Vivek Ruthia, a 63-year-old resident of Sehore, Madhya Pradesh, says his family has received a response from the UK's Debt Management Office (DMO) after approaching the British authority over a Rs 35,000 subscription made by his grandfather, Seth Jumma Lal Ruthia, to the Indian War Loan in 1917.
Indian family wants UK govt to repay 109-yr-old loan taken during WWI
Descendants of a Madhya Pradesh businessman are seeking repayment from the UK government for a Rs 35,000 loan made during World War I. The UK Debt Management Office has responded, asking for further documentation to examine the claim, which the family estimates to be worth crores today with interest.
British War Bonds: What is 1917 Indian war loan that MP family invested ₹35,000 in?
The document shows that businessman Seth Jumma Lal Ruthia, of the firm Seth Rama Kishan Jaskaran Ruthia in princely Bhopal, subscribed ₹35,000 to the Indian War Loan floated by the British government during World War I.
Vivek Ruthia, 63, from Madhya Pradesh, had one of his ancestors who had given a loan of Rs 35,000 to the British government during the First World War. In this context, Vivek Ruthia's family approached the British authorities to find out whether the loan received from their ancestors had been repaid. Surprisingly, they received a mail from England asking them to send the necessary documents to repay that old loan after 109 years!
MP Family Seeks Repayment Of Loan Given To The British In 1917
Sehore: A family in Sehore, Madhya Pradesh, may have struck it rich by digging out a 109-year-old war loan certificate. The family has now sought answers about a Rs 35,000 that it had lent to the British government during World War I. More than a century after the money was invested in the Indian War Loan in 1917, the family has now received a response from the UK’s Debt Management Office (DMO). Vivek Ruthia, a 63-year-old resident of Sehore, Ma…
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