BLACK MONEY: Bombay High Court grants Hasan Ali bail!!

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NDTV Correspondent, Updated: August 12, 2011 16:39 IST.

Mumbai:  The Bombay High Court has granted bail to stud farm owner Hasan Ali Khan, on a cash surety of Rs. 5 lakh. Ali, 58, who allegedly has 8 billion dollars stashed in Swiss banks, is accused of money laundering.

The conditions are that Ali is not allowed to leave Mumbai, has to present his passport and be available for further questioning by the Enforcement Directorate (ED) and the Income Tax (I-T) Department. Ali collapsed in court after the order.

Ali's money trail first emerged in 2008, when the I-T department told the Bombay High Court about his tax evasion. His Swiss accounts were revealed during a raid.

Ali's is a classic case of rags to riches - though not without its brushes with the law. Till the late 1990s, Ali, along with his wife Mehbooba Khan and two sons, lived in Banjara Hills - one of the most expensive addresses in Hyderabad.

Here, between 1990 and 1992, he was an accused in six cheating cases. As a result his detractors gave him the title of Chor Hasan.

Full Story at,

http://www.ndtv.com/article/india/bombay-high-court-grants-hasan-ali-bail-126228

LOK PAL BILL: Cabinet approves lokpal bill draft rejected by Anna!

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Agencies / New Delhi, July 28, 2011.

Prime Minister Manmohan Singh delivers his speech during the inauguration of the Civil Services Day......

The Union cabinet on Thursday approved the lokpal bill draft and kept the Prime Minister and the judiciary out of its purview. Anti-corruption activists had pitched for a strong version of the law to set up a lokpal, saying the government draft to be discussed was"ineffective".

The government had constituted a drafting committee having ministers and members of NGO India Against Corruption to finalise lokpal bill but they failed to reach a consensus.

After that, the ministers finalised a draft lokpal bill for the Cabinet's consideration.

"In its present form, the government's version of the lokpal bill is too weak and ineffective," social activist Anna Hazare, who was also member of the drafting committee, said on Wednesday.

"It has a very narrow jurisdiction."

Full Story at,

http://www.hindustantimes.com/News-Feed/newdelhi/Cabinet-approves-lokpal-bill-draft-rejected-by-Anna/Article1-726514.aspx