Four days after the Bombay High Court granted bail to Pune-based stud farm owner Hasan Ali Khan, accused in money laundering cases, the Supreme Court on Tuesday stayed his release.
The order came from a three-judge bench on a petition filed by the Enforcement Directorate challenging the August 12 order of the high court granting bail to Khan. The effect of the high court's order granting bail to Ali shall not be operational till Thursday, the bench said.
“The documents reveal that Hasan Ali has huge funds in his accounts to the extent of US$ 800 million with a bank outside India,” the ED had contended.
The agency, in its petition, alleged that various transactions led by Khan through his foreign bank accounts reveal his association with international arms dealer Adnan Khashoggi.
“The documents point to nexus between Khan and Khashoggi,” the agency said pressing for stay on Bombay HC order granting bail to Khan.
The SC also decided to hear the Centre's plea for recall of its order for setting up a SIT to take over the probe into black money cases on Wednesday.