 | |
| Type | Public |
|---|---|
| Industry | Banking, financial services |
| Founded | 5 April 1944 |
| Headquarters | Rangoon |
Area served | Burma, Singapore and India |
Key people | Debnath Das (Chairperson) |
| Owner | Azad Hind |
Azad Hind Bank was established on 5 April 1944, at Rangoon, the then headquarters of the Provisional Azad Hind Indian government supported by Imperial Japan.
On 21 October 1943 Subhash Chandra Bose formed provisional government of Azad Hind and early after it Bose declared war against British Raj and its allies on 23 October 1943.
Bose established the Azad Hind bank to manage funds donated by the Indian community from across the world for the liberation of India from the British Raj, while utilizing the bank's services for the operations of the Azad Hind Fauj. The bank maintained its branches throughout Japan occupied countries. The currency notes were issued in the form of Promissory note, and these notes were usually printed on one side. The money collected by the Azad Hind government was kept in the Bank. Initially the bank had an authorized capital of ₹ 5 million and paid-up capital of ₹ 2.5 million. [1] [2] [3] [4]
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Abid Hasan Safrani, IFS, born Zain-al-Abdin Hasan, was an officer of the Indian National Army (INA) and later, after 1947, an Indian diplomat.
Subbier Appadurai Ayer was the Minister for Publicity and Propaganda in Subhas Chandra Bose's Azad Hind Government between 1943 and 1945, and later a key defence witness during the first of the INA trials. Ayer had travelled to Bangkok in November 1940 as a Special correspondent for Reuters before joining the Indian Independence League. In October 1943, Ayer was appointed the Minister of publicity and propaganda in the nascent Azad Hind Government.
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Azad may refer to:
The INA treasure controversy relates to alleged misappropriation by men of Azad Hind of the Azad Hind fortune recovered from belongings of Subhas Chandra Bose in his last known journey. The treasure, a considerable amount of gold ornaments and gems, is said to have been recovered from Bose's belongings following the fatal plane crash in Formosa that reportedly killed him, and taken to men of Azad Hind then living in Japan. The Indian government was made aware of a number of these individuals allegedly using part of the recovered treasure for personal use. However, despite repeated warnings from Indian diplomats in Tokyo, Nehru is said to have disregarded allegations that men previously associated with Azad Hind misappropriated the funds for personal benefit. Some of these are said to have travelled to Japan repeatedly with the approval of Nehru government and were later given government roles implementing Nehru's political and economic agenda. A very small portion of the alleged treasure was repatriated to India in the 1950s.
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