MUMBAI: Nearly six years after initiating proceedings to the attached properties of Pune-based businessman Hassan Ali Khan, the enforcement directorate (ED) on May 24 sent a third notice, asking him to vacate one property in Pune and one in the city within seven days.
The ED’s notice asks Khan to vacate a bungalow in Pune and a flat in a building at Pedder road. The ED has also asked him to hand over possession of a luxury car.
The central agency has been investigating a case of money laundering against Khan, booked for allegedly evading taxes to the tune of Rs 70,000 crore.
This notice is the third such notice issued to Khan, with previous notices issued in November and December last year.
The ED in their notice stated that the adjudicating authority, New Delhi has under the PMLA act on November 3, 2011 allowed the agency to attach his properties.
Khan’s advocate, Prashant Patil claimed that the notices have been issued just to harass Khan as they have recently submitted proof of his innocence before the agency.
“We made a representation to the ED about the injustice caused to Khan,” he said.
“Instead of providing justice, the ED has sent a summons to hand over possession of his residential property where he resides along with his family comprising his wife and son, who is a minor,” Patil added.
The Income Tax department had raided Khan’s premises in January 2007.
Searches revealed that he had obtained a Permanent Account Number (PAN) only in 2005, and had failed to pay taxes from 2001 to 2007.
After the investigation, the income tax department conducted in 2008, the total demand on Khan was around Rs 70,000 crore which has now been revised to around Rs 74,000 crore.
After the Income Tax department registered a case, the ED swung into action and filed a case of money laundering against him.
On the basis of the investigation, the ED filed a charge sheet against him in May 2011.
Patil said that the income tax tribunal recently ruled that Khan’s total tax liability was not more than 3 crores.
“We have now moved the adjudicating authority for the cancellation of such notices and for urgent relief,” Patil said.