New Delhi/Mumbai: The Enforcement
Directorate on Thursday issued a showcause notice for attachment of
properties valued at Rs 50 crore of Pune stud farm owner and
alleged tax defaulter Hassan Ali Khan and his Kolkata-based
associate Kashinath Tapuriah in a money laundering case.
The ED issued the order under the stringent Prevention
of Money Laundering Act (PMLA) after it got the approval of
the adjudicating authority of the law, which is based in the
national capital, and it includes immovable properties in
Delhi, Mumbai and Pune of the duo, official sources said.
"An attachment order and showcause notice has been issued
to us under the Prevention of Money Laundering Act by the
Enforcement Directorate. We will appeal against it," Ali`s
lawyer RK Gaur said.
The attachment order notice, according to sources, also
includes Ali`s high-end imported cars, including Mercedes,
Porche and others, a flat in Pune`s posh Koregaon Park area
and a residential building in Mumbai and Tapuriah`s property
on Prithviraj Road in Delhi.
"This is just a provisional order which can be
challenged before the adjudicating authority of ED in Delhi
before 30 days", an ED official said.
Ali, accused of money laundering, has a Rs 62,000 crore
tax liability and penalty proceeding pending against him. The
total pending tax demand against him and his associates has
been pegged at Rs 89,000 crore by the Income Tax department.
Under the PMLA, the ED has the powers to attach
properties of a person as "proceeds of crime" to obtain the
genuine tax amount or the amount that has been laundered
Ali and Tapuriah are now in ED custody in Mumbai after
they were arrested by the agency for alleged contraventions of
money laundering law in India and abroad.
The I-T department has raised a tax of Rs 50,329 crore
against Khan, Rs 49 crore against his wife Rheema Hassan Ali
Khan, Rs 591 crore against his associate Tapuriah, Rs 20,540
crore against Tapuriah`s wife Chandrika and a Rs 336 crore
against a business firm related to Khan -- R M Investment and
Trading Company Private Limited.
The ED will now begin proceedings for attachment of
Both Ali and Tapuriah are expected to appeal
to a higher authority against the order, as sources said that
Tapuriah`s property in the national capital had been sold out
few years back and it cannot be attached as per law.
Accused of money laundering and multi-crore tax evasion,
Khan is also facing criminal cases under the Passport Act for
allegedly obtaining six passports from different parts of
Meanwhile, the special Prevention of Money Laundering
Act court is likely to give an order on the bail application
of Khan tomorrow. His wife Rema is likely to appear before
the special court on July 4 in connection with the summons
issued to her.