Hasan Ali, Tapuriah’s custody extended till Apr 26

Hasan Ali, who owns a stud farm in Pune is dubbed as India’s biggest tax evader and is under arrest on money laundering charges.

Updated: Apr 13, 2011, 13:06 PM IST

Zeenews Bureau

Mumbai: A day after the Enforcement Directorate accused Hasan Ali Khan of "stalling" the investigations by not disclosing details of transactions in his foreign accounts, a sessions court here, Wednesday, extended Ali’s and his aide Kashinath Tauriah’s judicial custody till April 26.

Hasan Ali, who owns a stud farm in Pune is dubbed as India’s biggest tax evader and is under arrest on money laundering charges.

The court while extending his judicial custody also postponed his bail plea to April 26 for further hearing.

The ED, while pressing for the extension for the extension of custody, has said that though Khan had admitted to have opened a large number of foreign accounts, he did not explain why these were opened and what transactions took place.

Khan has also admitted to have dealt with antique jewellery belonging to the family of the erstwhile Nizam of Hyderabad and earned Rs 40 to Rs 50 lakh. However, he has not divulged the details of the source of these antiques which needed to be probed further, the ED further claimed.

The ED said co-accused Kashinath Tapuriah had said Khan had informed him that he had lockers in UBS, Zurich, containing a lot of antique jewellery, some of which were very rare. Philip Anandraj, an aide of Khan, had also said Khan had told him that he had a locker at the UBS and asked him (Anandraj) if he could obtain another one in the same bank so that he could transfer the contents in the new locker.

The ED also said it has summoned Amelndu Kumar Pandey, a Congress politician from Bihar, who allegedly helped Khan obtain passport from Patna passport office by fabricating documents. Summons to Pandey has already been sent and he is likely to appear on April 14.

Contending that Khan had an account with UBS, Singapore, which was later transfered to Zurich, the ED said he had informed Tapuriah that Dr Peter Weilly, the UBS incharge, was creating obstacles in operating it and that it would be better to have another one opened with SBC, Singapore, `which was also a big bank`.

Further, according to the ED, Khan had told Vishwanathan that he had given instructions to Weilly to transfer 75 million US dollars to Khan`s account in SBC, Singapore.

Khan was taken into custody by the ED on March 17 after the Supreme Court cancelled the bail granted by a trial court.

The ED has questioned Khan, facing close to Rs 70,000 crore tax demand notice from the Income-Tax Department, with regard to his past trips to various countries and his business dealings within the country.