Mumbai : A session court on Tuesday extended by a day the judicial custody of Pune-based businessman and tax evader Hasan Ali Khan, accused of money laundering, and his aide Kashinath Taporia.
The court will now hear the bail plea of the two tax evaders on Wednesday.
Both of them are current under judicial custody amid reports that they have admitted to have laundered money for some prominent politicians.
Khan, in his bail plea, urged the court to grant him the bail as the investigating agencies had thoroughly interrogated him and his custody was not required.
Khan was arrested last month for not filing returns of income from assessment year January 2002 till June 2007, which amounts to Rs 74,938 crore. The businessman is believed to have stashed USD eight billion in foreign bank accounts. The Enforcement Directorate is probing tax evasion, money laundering, and terror charges against him.