India has 3 lakh 73 thousand dollars deposited in the account of Saudi Arabian government, the reason is a property dispute

Saudi Arabia and India have friendly relations. Trade between the two countries is also growing rapidly. Despite this, there has been a dispute over an Indian property in Saudi Arabia for centuries and neither the Indian government nor the Saudi government has been able to resolve this matter. 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. Let’s know what this whole matter is? Whose property is it? What is the dispute about it? And why has this amount not been withdrawn even after centuries?

The 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 in Saudi Arabia built a guest house in Mecca, the holiest city of Islam, in 1870. The name of this businessman was Mayankutty KE, 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 the city of Mecca.

What is the reason for the dispute?

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. Now you must be wondering that when the businessman’s guest house was demolished and its compensation was deposited in the government account, why did no one take it out? 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 Indian businessman Mayankutty KE regarding succession, due to which this amount is also stuck in the account of the Saudi government.

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 many large halls. The entire guest house was spread over about one and a half acres and the wood for its construction was brought from Kerala. Not only this, a manager was also appointed for the maintenance of this guest house.