Hasan Ali, aide’s properties now in ED’s custody | mumbai | Hindustan Times
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Hasan Ali, aide’s properties now in ED’s custody

With the adjudicating authority of the Prevention of Money Laundering Act (PMLA) upholding its attachment order on Thursday, the Enforcement Directorate can now take possession of properties worth Rs50 crore belonging to Pune businessman Hasan Ali Khan and his aide Kashinath Tapuriah.

mumbai Updated: Nov 04, 2011 02:08 IST
Manish Pachouly

With the adjudicating authority of the Prevention of Money Laundering Act (PMLA) upholding its attachment order on Thursday, the Enforcement Directorate can now take possession of properties worth Rs50 crore belonging to Pune businessman Hasan Ali Khan and his aide Kashinath Tapuriah.

As the confirmation was pending, the duo and their families were able to use the properties —attached by the ED on June 30 — with a restriction on sale or giving the property on lease. However, once the ED takes possession, Khan and Tapuriah won’t be able to use the properties.

Khan’s attached properties include: 2,000sqft flat in Anand Darshan building at Peddar Road in south Mumbai (worth Rs12 crore) and 10,000 sqft property spread on ground plus two floors in Tulip building of Valentine Society at Koregaon Park in Pune (worth Rs10 crore). The agency has also attached Khan’s 3 Mercedes, 1 Porsche Cayenne, 1 Hyundai Sonata and 1 Opel Corsa (totally worth Rs2.5 crore). Moreover, 32 horses owned by Khan too have been attached.

The agency had also attached Tapuriah’s bungalow at Prithviraj Road in New Delhi (worth around Rs25 crore).

After the attachment, the ED had filed a complaint before the adjudicating authority of PMLA, a statutory body based in New Delhi, to confirm the order. A three-member judicial panel (of the adjudicating authority) confirmed the order on Thursday. .

According to ED officials, they are in the process of identifying and attaching more properties and bank accounts of the duo in India and abroad. Khan’s lawyer, IP Bagaria, said that he would challenge the order. Advocate Girish Kulkarni, who represents Tapuriah, said that he would also challenge the order.

JJ hospital submits report on Khan

Acting on the directive issued by the session court, the JJ Hospital authorities submitted a report detailing the medical condition of alleged money launderer and tax evader Hasan Ali Khan on Thursday. Khan had suffered a stroke and a paralytic attack following which he moved an application for admission to a hospital for medical treatment. HTC