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The Supreme Court has stayed the Bombay High Court order that granted bail to Mr Hasan Ali Khan, who is accused of money laundering. The apex court will hear the matter again on Thursday.
Acting on a petition filed by the Enforcement Directorate (ED) against the High Court order on August 12, the apex court said the High Court order shall not be given effect till Thursday.
According to the ED, Mr Khan has links with international arms dealer Mr Adnan Khashoggi. He also has around $800 million with an overseas bank, the ED claimed.
The High Court, while granting bail to Mr Khan, had observed that the ED could not show how the money amassed by him was income from criminal activities. The ED had alleged that Mr Khan, through a complex structuring of the transactions, had concealed the source of funds.
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