22 Mar 2011, 2012 hrs IST

http://www.timesnow.tv/ED-sources-Hasan-laundered-money-on-behalf-of-politicians/articleshow/4368496.cms

Sources in the Enforcement Directorate (ED) have told TIMES NOW that Pune stud farm owner Hasan Ali Khan allegedly involved in money laundering activities, laundered money on behalf of politicians from Bihar, Andhra and Maharashtra.

Sources have also said that Hasan has links with a senior politician in Maharashtra. It is also indicated by sources that the ED team is likely to leave for Switzerland, UK, Saudi Arabia and Singapore to further investigate the case.

It is said by sources that there could be that Hasan might be in a joint venture with arms dealer Khasogi and that they are looking for money laundering case against a London-based NRI.

The Supreme Court yesterday (March 21) granted three days of additional custodial interrogation of Hasan to ED .

At an extraordinary hearing held at the residence of Justice Aftab Alam, the apex court extended Ali's custody with

ED till March 25.

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.

Information on Khan's properties in the country and abroad, both in his name or 'benami', are also being examined

by the ED after it was rapped by the Supreme Court bench of Justices B Sudershan Reddy and S S Nijjar for not subjecting him to custodial interrogation.

Subsequently, a multi-disciplinary team of officials from Income Tax department, the ED, the Economic Offences Wing of Maharashtra Police and RBI have also prepared a list of "required updated information" to be sought from various business associates and firms in connection with the probe.

The ED has already asked the Union Home Ministry to study the charges against Khan relating to national security.

53-year-old Khan surrendered before the ED in Mumbai on March 17.

The ED had told the apex court that it was in possession of incriminating evidence against Khan showing that he has stashed huge black money in various banks abroad.

The I-T department has raised a tax demand of Rs 50,329 crore against Khan, Rs 49 crore against his wife Rheema Hassan Ali Khan, Rs 591 crore against Kashi Nath Tapuriah, Rs 20,540 crore against Tapuriah's wife Chandrika and a Rs 336 crore against a business firm related to Khan-- R M Investment and Trading Company Private Limited after its assessment in 2008.