Ali is under investigation by the Income Tax Department for laundering upto Rs 40,000 crore.
Hasan Ali Khan – frequently seen on the race courses of Mumbai and Pune – owns race horses, a fleet of imported luxury cars and prime property in Europe. Yet, he didn’t file any income tax returns. But now, Hasan Ali was seen going in and out of Income Tax offices because he is the main accused in India’s biggest ever multi-billion-dollar money laundering and tax fraud case.
Investigators have procured three letters Rogatory or Letters of Request, sent to United Kingdom, Hong Kong and United Arab Emirates on July 13, 2009, which showed how huge funds were amassed. Suspected to be proceeds of crime, the funds have been invested in various immovable and movable assets, which include deposits in various banks around the world through Money Laundering. (sic)
Hasan Ali’s offences are not just related to money laundering, but also gun-running, terrorism and forgery.
In an exclusive interview to CNN-IBN in Kolkata, Tapuriah said he was introduced to Hasan Ali by two former MPs, both from Andhra Pradesh.
Tapuriah, for instance, named two politicians as the ones who allegedly referred Khan to him (A.S. Chowdhary and Vijay Bhaskar Reddy).
..Central Board of Direct Taxes..spokesperson A.K. Sinha said, “There is no question of any political party or politician’s name figuring in the investigations. It is purely a flight of imagination.“
“What is in the way of taking action against Hasan Ali,” the court questioned the Centre. “How many years will investigations continue against Ali?” it added. The court said the matter was serious and it did not want any delay.
..forthwith reinstatement of three key ED officials allegedly transferred midway into the probe in a case of foreign exchange law violation by the Pune businessman Hasan Ali Khan.
When Solicitor General Gopal Subramanium tried to make certain submissions, the bench virtually snubbed him, saying, “What the hell is going on in this country.”..The bench granted time till Tuesday (8th March) to the Centre to file its response failing which it said the court would be constrained to pass necessary orders.
That is being taken care of….All appropriate action will be taken..
The income tax department has issued a show cause notice to tax defaulter Hasan Ali, on non-payment of Rs 40,000 crore worth of tax dues. He has been given 15 days to reply.
Pune-based Hasan Ali Khan will appear before the Enforcement Directorate (ED) in Mumbai on March 10, said his chartered accountant (CA) Sunil Shinde here on Friday.Producing copies of an ED summons, Shinde said Khan will co-operate with investigators and hold a press conference within 15 days to answer questions raised against him. The summons was over money laundering allegations.
The system has already become sick. What can be the expectation of the common man for speedy justice? Even in the Supreme Court, a special leave petition takes eight years to reach final hearing.
After closing down the car rental and then a scrap business, Khan started a jewellery shop in Kuwait in partnership with a man called Hussain from Jammu and Kashmir in 2006-07.
Khan possessed three passports, the first issued in Hyderabad, the second in Mumbai in September 1998, and the third in Patna in April, 1997. On how he lost his original passport in UK, Khan is believed to have said that “he owed a huge chunk” of money to some illegal Russian nationals who seized his passport. The Indian High Commission issued him a fresh passport.
Khan is alleged to have shifted to the private residence of a government official, paying a rent of around Rs. 5,000 per day, in Lonavala between July and October 2008.
Evidence from a June 2003 document recovered by the agencies, duly notarised by the Notary Public of London• Khan had an account with a deposit of $1.5 million with UBS Singapore. The recommendation was organised by Dr Peter Weilly through arms dealer Adnam Khashoggi, whose portfolio was handled by Weilly• A payment of $240 million was approved by Weilly and accepted by Reto Hartman at UBS Singapore• After the $240 million transaction, the account moved from UBS Singapore to UBS Zurich in 1986• By December 1997, the deposit amount reached $560 million. Due to certain problems, Khan could not operate this account• As on August 31 2006, the balance in the account was $6.6 billion• Balance as on November 2, 2006: $7.7 billion• Balance as on December 8, 2006: $8.04 billion
Financer Yusuf Lakdawala know that when he throws a party, it’s bound to be attended by the rich and famous of Mumbai city.Former Chief Minister Vilasrao Deshmukh was around, while other political bigwigs present included Narayan Rane and controversial tantrik Chandraswami. Bollywood’s high and mighty names comprised of Sanjay Khan, Madhur Bhandarkar, Abbas-Mastan, Dharmedra, Jackie Shroff, Bali Brahmbhatt, Jatin Pandit and his younger brother Lalit, Johnny Lever with wife Sujatha, Babul Supriyo, Talat Aziz, Raza Murad and Cricket Mohammed Azharuddin.
The Hyderabad police seem to have washed their hands of Syed Hasan Ali Khan alias Hasan Ali, the 53-year-old stud farm owner allegedly involved in a mega-crore money-laundering scam, by claiming that all the seven criminal cases pertaining to him have been disposed of by the courts.Hyderabad Police Commissioner Balwinder Singh and Additional Commissioner of Police (Crimes) told newsmen on Monday that two cases of bank fraud, four cases of cheating and a case of acid attack on a doctor were lodged against Hasan Ali in various police stations.“No case is pending against him as all the previous cases were disposed of by the courts,” they pointed out.…The Hyderabad City police had arrested Hasan Ali twice between 1991 and 1992, once for allegedly cheating the State Bank of Hyderabad and the next time for duping private persons.The city police had caught him in 1991 with the help of Interpol and the Canadian police for cheating the SBH. On the pretext that his mother was ill in Toronto, he had fled to Canada after a case was registered against him.The Hyderabad police had alerted Interpol about Hasan Ali and they informed the Toronto police who arrested him and brought him to Mumbai, after which he was taken to Hyderabad. Subsequently, he was acquitted.He is said to have been picked up by the police from Mumbai again in 1992, brought to Hyderabad and remanded to judicial custody in one of these cheating cases. The police had seized four cars, including a Mercedes, from him. He went free, however, since the victims did not come forward to pursue the cases against him.The oldest case against Hasan Ali pertained to an acid attack on a doctor, his neighbour, in 1984. Dr P Niranjan Rao’s face was disfigured and he had to undergo 30 surgeries. Since the police could not trace the records relating to the case, it is not clear whether Hasan Ali was arrested and acquitted in this case.
Police are, however, still investigating to see if there are any more cases against him.
I doubt if we will ever know…and sometimes I despair whether many of us really care.
Google News tells me that some of the headlines making “news” today are: ‘They used hypnosis to rob elderly”, “Varun Gandhi ties nuptial knot with Yamini”, “Jats demand reservations, block Lucknow-Delhi route” and “Omar Abdullah bats for grant of passports to kin of militants in J&K“. And of course my twitter time-line is overloaded with the World Cup “news”.
As for corruption, tax-evasion and scandals, I am reminded of the title of one of my posts (that oddly, had nothing to do with corruption or scandals): “Kuch nayee baat batao yaar!” (roughly translated as: Tell me something new). Sigh.
In case you missed the first part: : A stud farm owner, arms deals & missing billions (dollars!)