‘Money launderer’ Hasan Ali’s remand extended again
25 Mar 2011
A sessions court in Mumbai today remanded Hasan Ali Khan in judicial custody till 8 April.
The Pune-based businessman and horse breeder is alleged to have stashed away over $8 billion in Swiss banks.
The Enforcement Directorate (ED) had produced Ali before a magistrate last night after his custody with the probe agency ended. The apex court had on 17 March granted four-day custody of Hasan Ali to the ED, which it extended by three days on 21 March.
The apex court bench had earlier faulted the union government for failing to subject Khan and other alleged money launderers to custodial interrogation.
Pursuant to the apex court's direction, the ED had moved a remand application before the court of principal sessions judge M L Tahaliyani on 11 March. The judge, however rejected the ED's plea on the ground that the agency could not gather sufficient evidence to justify its plea.
While rejecting the ED's remand application, Tahaliyani had observed that had it had failed to back its charges in a money laundering case under the Prevention of Money Laundering Act.
