Black money case: Mumbai court grants conditional bail to Hasan Ali

March 11th, 2011 - 5:15 pm ICT by ANI  

Mumbai, Mar 11 (ANI): A Mumbai court on Friday granted conditional bail to Pune-based stud farm owner Hasan Ali Khan, who is alleged to have stashed away over eight billion dollars in Swiss banks.

The court has directed Hasan Ali, arrested on money laundering charges, to deposit Rs. 80,000 as bail amount and to stay in Mumbai for the next five days.

The Enforcement Directorate (ED) can question him for the next 48 hours.

The court rejected the probe agency’s plea of remand for interrogation of Hasan Ali.

The court had on Thursday adjourned its hearing into the case by one more day and handed over Hasan Ali’s custody to the Enforcement Directorate.

Earlier on Wednesday, the court slammed the Enforcement Directorate for not making a proper case for the custody of Hasan Ali Khan on money laundering charges.

The Enforcement Directorate had in their application sought the remand of Hasan Ali.

“You have not been able to make any case and you want me to hear you. If you want to do some homework, you can take time,” said Principal Sessions Court Judge M L Tahaliyani before adjourning the proceedings. Ali was arrested on Monday night by the Enforcement Directorate in Mumbai under the Prevention of Money Laundering Act.

The Income Tax Tribunal had on March 4 issued a showcause notice to Hasan Ali. (ANI)

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