Hasan Ali case: ED sends fresh requests to foreign courts
The Enforcement Directorate (ED), struggling to get concrete evidence against Pune businessman Hasan Ali Khan, has sent fresh letters rogatory to four countries, for details of his bank accounts.mumbai Updated: Jun 30, 2011 01:55 IST
The Enforcement Directorate (ED), struggling to get concrete evidence against Pune businessman Hasan Ali Khan, has sent fresh letters rogatory to four countries, for details of his bank accounts.
The ED last week sent these letters to Switzerland, Singapore, USA and Dubai.
A senior ED official said that the agency has its hopes pinned on the fresh letters rogatory, as the interrogation of Khan and his aide Kashinath Tapuriah did not provide concrete evidence.
“Out of the $8 billion (Rs 36,000 crore) that he is suspected to have stashed abroad, we have got details on transactions worth only a little more than Rs700 crore,” the official said.
The ED has so far got concrete evidence concerning transfer of $7 lakh (Rs3.15 crore) from Khan’s Sarasin bank to the account of SK financial service, UK, maintained by Barclays bank, through Citibank, New York. The ED got confirmation on this transaction from a Letter Rogatory obtained from the US.
It also has details of transfer of more than Rs300 crore from Khan’s UBS Zurich bank account to his SBC bank account in Singapore and a transfer of more than Rs400 crore by Khan and Tapuriah from the SBC Singapore account to a Russian bank account. The agency has information that Khan and Tapuriah diverted $11.5million (Rs51.7 crore), which they got as commission for facilitating sales of two Boeing 747 aircrafts to Air India, to their bank accounts abroad.