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Hasan Ali Khan being taken to Sessions Court in Mumbai. File photo - The Hindu.
Hasan Ali Khan, arrested for alleged money laundering, has stashed $800 million in banks in countries like the U.S., Switzerland and Singapore and has links with officials of these banks, the Enforcement Directorate told the Bombay High Court on Monday.
Justice A.M. Thipsay was hearing a bail application filed by Mr. Khan after a sessions court rejected his bail plea. The matter will be heard on July 26.
“Khan and his aide Kashinath Tapuriah have deep links with bank officials in the US, Switzerland, Singapore, UAE and other countries. These officials have assisted the duo in operating bank accounts and transfer of funds,” the affidavit states.
Letters Rogatory have been issued to Switzerland, the U.S., the U.K., UAE, Singapore and Hong Kong for verification of bank accounts, the affidavit said, adding as of now only the U.S. has sent a reply.
“Reply to Letters Rogatory from the US confirms that an amount of USD 7,00,000 was transferred from Bank Sarasin, Switzerland to an account in New York operated by Khan,” Additional Solicitor General Darius Khambatta, appearing for ED, argued.
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