The Enforcement Directorate (ED) on Friday filed a 950-page charge sheet against Pune businessman Hasan Ali Khan, accused of stashing large amounts of black money abroad, and his associate Kashinath Tapuriah.
Apart from the statements of a number of witnesses against the duo who have been charged under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002, the document also contains statements recorded by ED before and after the two were arrested.
Khan, 53, who was arrested on March 7, 2011, after the Supreme Court came down heavily on the enforcement agency over its inaction against those hoarding black money abroad, purportedly had deposits of $8 billion in UBS (the largest bank in Switzerland), Zurich.
According to ED, Khan had at least three accounts in UBS, Zurich, two in his own name and one in the name of his wife Rheema. It is alleged that Khan had an initial deposit of $1,50,000 in an account opened in UBS, Singapore, which was later transferred to UBS, Zurich.
Later, $2,400,000 was purportedly deposited in this account, the ED investigation revealed. It was also found that Khan had transferred $7 lakh from his account with Sarasin Bank, Switzerland, to SK Financial Services, United Kingdom, through Citibank, New York.
The United States justice department has confirmed, in a response to ED’s Letter of Request, that the amount was deposited in the account held by SK Financial Services in the London branch of Barclays Bank. The documents received by ED also indicate that an amount of more than $14 million was transferred from the account allegedly held by Khan.
According to ED, Khan was also connected to international arms dealer Adnan Khashoggi. Relying on nearly 400 documents supplied by one of its witnesses, the agency alleged Khan had agreed to finance one of Khashoggi’s projects to the extent of $5 million.
Khan has also been accused of obtaining passports using forged documents.
Khan, according to ED, has reportedly confessed to stealing antiques belonging to the Nizams, the erstwhile rulers of Hyderabad state, from the famous Salar Jung Museum and selling them to off-shore customers.