Swiss court requested to allow I-T to probe into Hasan Ali a/c
A Mumbai court has issued a letter of request to a Swiss court to allow Income Tax authorities to probe accounts of stud-farm owner Hasan Ali, who is alleged to have deposited billions of dollars there.
New Delhi: A Mumbai court has issued a
letter of request to a Swiss court to allow Income Tax
authorities to probe accounts of stud-farm owner Hasan Ali,
who is alleged to have deposited billions of dollars there.
"Letter Rogatory has been issued by Metropolitan
Magistrate Mumbai on Wednesday. It will enable the tax
department to investigate Swiss bank accounts of Hasan Ali and
his associates," a finance ministry source said.
Letter Rogatory is issued by a domestic court to its
foreign counterpart to cooperate in investigation.
This will enable further probe into the Hasan Ali matter,
the sources added.
After a search on the premises of Ali in 2007, Income Tax
department had found incriminating documents containing
information of USD 8 billion deposits in UBS AG, a Swiss Bank.
Based on the various documents, tax demand of Rs 71,846
crore (nearly USD 15 billion) was raised by I-T department in
Besides Ali, persons involved in the case are his wife
Rheema Hasan Ali, Hasan Ali`s associate Kashinath Tapuriah and
his wife Chandrika Tapuriah and a related entity R M
Investment Pvt Limited.
The tax sleuths had also seized Rs 90 lakh cash from
Hasan Ali and attached three of his properties.
Enforcement Directorate, through the Indian Government,
had also approached the Swiss Government on the basis of these
and other documents.
The Swiss Federal Tax Administration had earlier refused
to share bank related information on the ground that such
information regarding bank deposits of Indian residents is
covered by Banking Secrecy Laws.