on Wed, 04/06/2011 - 23:52

http://netindian.in/news/2011/04/06/00012334/money-laundering-case-hasan-ali-khan-moves-court-bail

Pune-based businessman Hasan Ali Khan, accused of money laundering and evasion of taxes, today moved a bail application on the grounds that investigation by the Enforcement Directorate (ED) in the case was over.

The bail application, which was mentioned before the special sessions court, will come up for hearing on April 8 when Khan will be produced before the court after the expiry of his judicial custody.

In the application, it was submitted that the accused was at present languishing in the Arthur Road Jail and, as his custody was not required by the ED as it had thoroughly interrogated him, he should be released on bail.

Khan is suspected to have stashed away around $ 8 billion in Swiss bank accounts, transferring cash and assets out of the country through dubious means and evading tax on income with a suspected liability of over Rs 40,000 crore.