British Lord Nazir Ahmed put a £10 million ($16 million) bounty on both President Barack Obama and former President George W. Bush Friday, according to The Express Tribune, an English language Pakistani newspaper.

Nazir, who is of Pakistani heritage and a member of the British House of Lords, reportedly made the comments while at a reception in Haripur, a Pakistani city 4o miles north of Islamabad. Nazir told the audience that he was putting the bounty out for the capture of the American leaders in response to the bounty placed on Hafiz Muhammad Saeed by the United States.

“If the U.S. can announce a reward of $10 million for the captor of Hafiz Saeed, I can announce a bounty of 10 million pounds on President Obama and his predecessor George Bush,” Nazir reportedly said.

Saeed is widely believed to be the head of the Pakistani based terrorist group Lashkar-e-Taiba, which was responsible for the 2008 attacks in Mumbai, India that killed more than 160 innocents including six Americans. After the 2008 attacks, Saeed denied being connected to the terrorist group. In April, the U.S. government announced a $10 million reward for information leading to his capture in connection to the attacks.

According to The Express Tribune, Nazir said the bounty on Saeed was a grave insult to all Muslims and that he would sell his house if necessary to obtain the funds necessary to pay the bounty he placed on Obama and Bush.

The Pakistani report was brought to the attention of The Daily Caller by the Middle East Media Research Institute.

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