Despite interrogating Pune businessman Hasan Ali Khan and co-accused Kashinath Tapuriah for money laundering since March 2011, the Enforcement Directorate (ED) is still not clear about the source of the money, the Bombay high court noted.
“The truth of the matter appears to be that the applicant (Khan), indeed, held several accounts in foreign banks, and that he had huge money transactions in those accounts. Where did the money came from, what was the source of the money, whom did it belong to, where did it go, or whether it is still there, is, however, not at all clear,” stated justice Abhay Thipsay, in Khan’s bail order dated August 12, which was made available on Wednesday.
“The conclusion drawn by the investigating agency (ED), at the stage (of lodging ECIR or FIR on January 8, 2007) was that there were indications of money from corruption involved in mega transactional deals representing commissions received on sale of Boeing aircrafts purchased by Air India,” justice Thipsay observed in his order.
RHEEMA KHAN MOVES COURT The wife of Pune businessman Hasan Ali Khan moved an application before the special Prevention of Money Laundering Act court on Wednesday seeking to quash the proceedings against her. “She has not been implicated in the case. Why should she be forced to remain present at the ED? The HC has also granted her relief,” said IA Bagaria, Khan’s advocate.