Hasan Ali may be brought to Delhi | delhi | Hindustan Times
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Hasan Ali may be brought to Delhi

India's biggest tax evader and Pune-based stud farm owner Hasan Ali Khan is likely to be in New Delhi on May 26, to appear in a hearing initiated by the Enforcement Directorate (ED) in order to get hold of his properties through a process of legal attachment.

delhi Updated: May 05, 2011 23:50 IST
Debobrat Ghose

India's biggest tax evader and Pune-based stud farm owner Hasan Ali Khan is likely to be in New Delhi on May 26, to appear in a hearing initiated by the Enforcement Directorate (ED) in order to get hold of his properties through a process of legal attachment.

According to sources, the directorate has moved the adjudicating authority — a quasi-judicial entity towards continuation of its retention of Hasan Ali's property documents, which are in its possession at present.

The ED had arrested Khan under Prevention of Money Laundering Act (PMLA) in March and took various documents including those of Khan's properties in its possession.

The directorate has reportedly zeroed in on his properties — house in the posh Koregaon Park in Pune, flats in Mumbai and his luxury cars.

"The ED has moved the adjudicating authority so that it can continue to keep these documents further investigation, because as per the law, after three months the documents need to be returned to the owner," the sources said.

"Final attachment of the property depends on the apex court's order ... but this one is a step towards it," the source added.

The income tax department had raided Khan's residences and came across documents that proved he had multiple bank accounts in Switzerland.

The directorate then contacted different countries, including the UK and the UAE for information on financial transactions made by Khan, which originated in his Swiss bank accounts.