TYRANT’S FORTUNE

Dominion, Volume 27, Issue 188, 8 May 1934, Page 4

TYRANT’S FORTUNE

Claim to Turkish Millions SCHEME FOR RECOVERY A British company with a capital of 7,500,000 Canadian dollars has beei) formed to prosecute the most astonishing claim to millions on record. The company has come to an agreement with the heirs of Sultan Abdul Humid-—“ Abdul the Damned’’—the tyrant who rilled the Turkish Empire for 33 years, and acquired their rights in the enormous fortune of which the Sultan is sold to have been wrongfully dispossessed. The title of the company which has undertaken to recover the lost fortune, the Consolidated Eastern Corporation. Limited, state in its circular that Abdui HamidUs believed to have loft a fortune of £100.000.000. The recoverable value of the proiierry is estimated at roughly £30,000.000, am) “as a conservative estimate, after payment of nil outgoings, percentages, etc., the corporation should' receive not less than £10,000.000.” Shareholders and the heirs of the Sultan—there are more than 100 of these—are to divide the proceeds equally. Negotiation—and perhaps litigation on a grand scale—with many Governments will be necessary to advance the claims of the Sultan’s many heirs. The countries concerned in this fight for millions are Britain. France. Italy, Turkey. Palestine and Greece Famous international lawyers have been retained by the corporation, and It is stated that a case .Is to bo submitted to the British Government at the end of February or early in March. - Abdul Hamid, who was deposed in 1909 and died hi 1918. is said to have had vast estates in many lauds to which his heirs are clearly entitled. The Consolidated Eastern Corporation states that the most valuable rights arc oil concessions in Irak There are also. It is said, vast tracis of agricultural land between the Tigris and Euphrates, ns well as rich properties in Syria. Palestine, Greece nnd Tripoli. . The recent treaty between Prance and Turkey, concerning Syria establishes. according to the corporation, the rights of those heirs who remain Turkish nationals. The corporation has Informed shareholders that the deal with the French Government is ex|»ected to produce £5,000,000. and that a deal with the Greek Government should realise £300,000 In cash tmd approximate'? £2.000.000 in bonds.