The Enforcement Directorate issued a showcause notice for attachment of properties valued at Rs 50 crore of Pune stud farm owner and alleged tax defaulter Hassan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case.
The ED issued the order under the stringent Prevention of Money Laundering Act (PMLA) after it got the approval of the adjudicating authority of the law, which is based in the national capital, and it includes immovable properties in Delhi, Mumbai and Pune of the duo, official sources said.The ED will now begin proceedings for attachment of these properties.
The immovable property of Hasan Ali attached in Pune includes three floors of the five storeyed "Tulip" building in Koregaon Park area where Ali lived. The court order also attached his movable property,covering six cars including three Mercedes and 32 horses kept at stables of Royal Western Indian Turf Club (RWITC) in Mumbai and Pune, sources said
"An attachment order and showcause notice has been issued to us under the Prevention of Money Laundering Act by the Enforcement Directorate. We will appeal against it," Ali's lawyer RK Gaur said.
The attachment order notice, according to sources, also includes Ali's high-end imported cars, including Mercedes, Porche and others, a flat in Pune's posh Koregaon Park area and a residential building in Mumbai and Tapuriah's property on Prithviraj Road in Delhi.
"An attachment order and showcause notice has been issued to us under the Prevention of Money Laundering Act by the Enforcement Directorate. We will appeal against it," Ali's lawyer RK Gaur said.
The attachment order notice, according to sources, also includes Ali's high-end imported cars, including Mercedes, Porche and others, a flat in Pune's posh Koregaon Park area and a residential building in Mumbai and Tapuriah's property on Prithviraj Road in Delhi.
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