The Enforcement Directorate (ED) is under pressure to complete probe in Hasan Ali Khan matter, as it has to submit a status report in the Supreme Court on March 28.
On Tuesday, ED director Arun Mathur accompanied by a special director arrived in Mumbai to monitor the probe that would help in preparation of the status report.
Mathur met senior officials handling the case to track the progress of Khan’s interrogation so far, said an agency official. He added that Mathur himself questioned Khan at agency’s Nariman Point office, where he has been kept following Supreme Court’s order cancelling his bail. “We have kept some officers on night shift to keep a watch on him,” an officer said.
The ED director questioned Khan about his foreign accounts — number of accounts he has in foreign banks, transaction details and the modus operandi used to transfer money.
Sources said that questioning Khan is difficult as he refuses to answer questions citing his illnesses. “Whatever we have extracted from him is through tactful questioning rather than pressure,” ED officer said.
He said new leads, which emerged during Khan’s custodial interrogation, would be summed up and would be part of the status report to be submitted in the Supreme Court next week. On Wednesday, the Income Tax Appellate Tribunal (ITAT) is scheduled to hear Khan’s appeal against the tax demand (made by the I-T department). Khan’s lawyer and chartered accountant are likely to appear on his behalf.
The ED on Monday had requested three foreign banks seeking details of transactions in accounts maintained by Khan. The requests were sent to two Swiss banks — UBS and Credit Suisse — and United Kingdom-headquartered Barclays Bank.
Khan is accused of acquiring and holding $8 billion in the UBS bank. The ED maintained that $0.7 million was transferred from Khan’s Sarasin bank account in Switzerland to the account of SK Financial Service, UK, maintained by Barclays Bank through Citibank, New York.
As per the ED, Khan has one or more accounts in other Swiss banks — UBS-Zurich, Credit Suisse, Credit Lyonnais (Suisse) SA, Zurich, and Bank Sarasin.