Pune businessman Hasan Ali Khan is not the main handler of $8 billion (Rs 36,000 crore) found in a Swiss bank account.
According to a fresh development, the Enforcement Directorate (ED) has found that Kolkata-based industrialist Kashinath Tapuriah is the main handler of this account and Khan was his front man.
The new development came following Khan’s interrogation in the last seven days. “It is after this development that we arrested Tapuriah,” a senior ED officer said.
The ED is now questioning Tapuriah on this new development to find out who all are behind the money laundering activity. ED sources said that Tapuriah is being questioned on various transactions that took place from the Swiss bank account and also on other accounts opened by Khan at Tapuriah’s insistence.
The ED on Friday also summoned and questioned Philip Anandraj, a close aide of Tapuriah and Khan.
Anandraj was found at Khan’s Pune residence when the income tax (I-T) department had first conducted searches on him in January 1997.
Anandraj was working as the chief executive officer of a chain of restaurants and pubs in Switzerland and knew Tapuriah and Khan since 2001.
Khan had approached Anandraj in 2001 showing interest in investing in the hotel and restaurant business in Switzerland.
Khan sought his help to find out a suitable location or hotel that was up for sale.
Anandraj had agreed to help on condition that he be appointed as the chief executive officer and should also be paid certain brokerage on the deal price of the property. Anandraj had found a renowned hotel that was up for sale.
He and Khan started talks with bankers and lawyers to acquire the hotel.