ED chargesheets Hasan Ali, Tapuriah for money laundering

Press Trust of India Updated - March 12, 2018 at 12:00 PM.

The Enforcement Directorate today chargesheeted Pune-based stud farm owner Mr Hasan Ali Khan and his associate Mr Kashinath Tapuriah in a case of alleged money laundering.

Mr Khan (53) is alleged to have stashed huge amount of black money abroad including over $8 billion in the Union Bank of Switzerland (UBS) in Zurich.

Mr Khan was arrested in Mumbai on March 7 after several hours of grilling in the wake of the Supreme Court's criticism of the Government over its inaction against the black money hoarders, particularly him.

The arrest of Mr Tapuriah, a Kolkata businessman, followed soon.

Both are lodged in judicial custody in Mumbai.

Mr Khan is also under the scanner for terror links as he is suspected to have laundered money of international arms trader Mr Adnan Khashoggi, who is alleged to be associated with terrorist outfits.

There have been allegations against Mr Khan of money laundering, engaging in hawala operations, transferring cash and valuable assets outside the country by unlawful means with the help of foreign nationals and forgery.

He has been accused of obtaining passports from Mumbai and Patna using forged documents.

Published on May 6, 2011 18:01