After SC rap, govt to act against Hasan Ali

Finance Minister Pranab Mukherjee said the government has taken note of the SC`s observations and action will be taken against Hasan Ali Khan.

Last Updated: Mar 05, 2011, 22:28 PM IST

New Delhi: Finance Minister Pranab Mukherjee
on Saturday said the government has taken note of the Supreme Court
observations and action will be taken against Pune-based stud
farm owner Hasan Ali Khan who is facing charges of stashing
huge amounts of money in tax havens.
"That is being taken care of. We have noted the
observations of the Supreme Court. All appropriate action will
be taken," he said on the sidelines of a CII even when asked
if the government was contemplating any against Khan.

The Enforcement Directorate (ED) had yesterday issued a
`Look Out Circular` at all airports against Khan to ensure
that he did not flee the country.

Khan is facing charges of stashing away over USD 8
billion in Swiss banks. In 2009, he was served a notice for a
tax demand for about Rs 40,000 crore.

Lambasting the Centre for not having the "will power" to
act against black money hoarders, the apex court on March 3
asked why Khan and others were not subjected to custodial
interrogation despite the probe agencies possessing sufficient
materials.
"What the hell is going on in this country," an
anguished court had asked.

In connection with the black money case involving him,
the the Supreme Court in February also had also asked the
Centre to ensure that Khan did not leave the country.

PTI