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Friday, August 26, 2011

BLACKMONEY ABROAD: SC stays Hasan Ali's release till September 2!

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Press Trust Of India / / Updated Aug 25, 2011 at 09:24pm IST.

New Delhi: The Supreme Court on Thursday extended till September 2 the stay on the release on bail of Pune-based stud farm owner Hasan Ali Khan who is accused in money laundering cases.

The bail was granted earlier by the Bombay High Court. A bench of justices Altamas Kabir and SS Nijjar extended the stay after Additional Solicitor General Haren Rawal, at the fag end of the day-long hearing on the black money issue, told the court that the stay granted earlier would expire on August 26.

The bench then extended the stay till September 2 as the hearing on the issue would resume on September 1.

The apex court had on August 16 stayed till August 26, the bail granted to Hassan Ali by the Bombay High Court on August 12.

The court had passed the order on a petition filed by the Enforcement Directorate challenging the high court's order granting bail to Khan who has been accused in various money laundering cases.

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