Supreme Court stays Hasan Ali’s bail (Second Lead)

August 16th, 2011 - 11:07 pm ICT by IANS  

New Delhi, Aug 16 (IANS) The Supreme Court Tuesday stayed a Bombay High Court order granting bail to alleged money launderer and tax evader Hasan Ali Khan.

An apex court bench of Justice Altamas Kabir, Justice Cyriac Joseph and Justice S.S. Nijjar stayed the bail order after Additional Solicitor General Harin Rawal made a mentioning seeking stay of the high court’s Aug 12 order.

The court was told that high court erred in granting bail to Hasan Ali and overlooked his “conduct in not cooperating with the investigating authorities” and “there was a strong possibility of his absconding and/or tampering with investigation if he was released”.

The stay has been granted till Thursday when the court will take up the matter for hearing.

The high court granted bail to Hasan Ali as the prosecution could not establish his offence under the Prevention of Money Laundering Act.

Hasan Ali was taken into custody by the Enforcement Directorate (ED) March 17 after the Supreme Court cancelled the bail granted to him by a trial court.

Referring to the alleged involvement of Hasan Ali in several transactions involving international arms dealer Adnan Khashoggi and others, the ED’s petition said that the statements of the accused were deemed to be judicial proceedings and were of substantial evidentiary value.

It said that the high court failed to appreciate that there was sufficient material on the record to justify the invocation of the Prevention of Money Laundering Act against Pune stud farm owner Hasan Ali.

The petition said that the material on record was sufficient to demonstrate that the commission of offences had allegedly enabled Hasan Ali “derive and obtain property which was outside India and which was, in all likelihood, obtained as a result of criminal activity”.

The petition said that the high court failed to appreciate that the documents placed before it pointing to a “deep linkage between Hasan Ali and Adnan Khashoggi”.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |