Kolkata-based industrialist Kashinath Tapuriah functioned as an adviser to Pune businessman Hasan Ali Khan for latter’s foreign bank accounts. This is what Khan had stated in a document notarized in London.
Khan had mentioned this fact in a letter written on June 29, 2003 to Prabhu Guptara, director, organisational development, Wolfsberg Executive Development Centre, which was a wholly-owned subsidiary of the UBS Bank in Switzerland.
The letter, which contained facts narrated by Khan was notarised by Nicholas Ronald Rathbone Smith, notary public of London, England, on June 30, 2003. Khan wrote this letter to Guptara to seek assistance in getting his UBS account operational. Khan’s UBS account was frozen in 2001 following transfer of $300 million from the Chase Manhattan Bank account of Saudi arms dealer Adnan Khashoggi to his (Khan’s) UBS account. The account was tagged with observation “funds from weapons sales”.
The notarised statement mentions history and developments of Khan’s UBS account.
In the statement, Khan had said that along with an UBS authority, Tapuriah too had recommended him to shift his account from Singapore to Zurich in 1986. Khan had first opened an account with UBS in Singapore in 1982.
Khan had also said that in 1997 Tapuriah had recommended him to move from UBS to SBC bank, Singapore. He stated that after this he opened an account with SBC. Tapuriah too had in his earlier statement to the Enforcement Directorate (ED) accepted that he knew Khan since late 1980s. Tapuriah had said this when the ED had registered a case against him under the Foreign Exchange Management Act in January 2007. In 2009, ED had filed a case under the Prevention of Money Laundering Act under which Khan and Tapuriah were arrested in 2011.