HC turns down Hasan Ali’s bail plea
Mumbai: The Bombay HC on Wednesday rejected the bail plea of Pune businessman Hasan Ali Khan in connection with money laundering cases.
Khan—though his counsel Satish Maneshinde—sought bail on grounds that he said were new as there was no chargesheet yet filed against him under the Prevention of Money Laundering Act (PMLA). However, Justice R C Chavan rejected the bail application.
Hasan Ali Khan had been arrested in 2011 and his bail plea had been rejected in September 2011 by the Supreme Court and another one in October 2012 by the special court. He moved the HC to have the October order quashed and to be released on bail. Maneshinde’s arguments were that the material so far has not disclosed any connection between the alleged scheduled offences and the proceeds of the crime as is required under the PMLA.
Advocate general Darius Khambata and public prosecutor Revati Dere appeared for the Enforcement Directorate and state to argue against the bail plea. In 2007, the ED had registered a case against Khan on the basis of information received from the income tax department which alleged that he and his associates maintained bank accounts outside India.
The agencies said that in 2006, a Zurich bank had written to Khan allegedly in which he was permitted to withdraw US$ 6 billion out of a total of $8 billion in the account there. He has been accused to tax evasion worth several thousand crores has been in jail for two years.