11 years later, PMLA court frames charges against Hasan Ali Khan

Over 11 years after his arrest on money-laundering charges, a special PMLA (Prevention of Money Laundering Act) court on Tuesday framed charges against Pune-based stud farm owner Hasan Ali Khan and set the stage for starting his trial, at a time when the 70-year-old is critically ill and hospitalised
Hasan Ali Khan HT File Photo
Hasan Ali Khan HT File Photo
Published on May 17, 2022 08:23 PM IST
Copy Link
By, Mumbai

Over 11 years after his arrest on money-laundering charges, a special PMLA (Prevention of Money Laundering Act) court on Tuesday framed charges against Pune-based stud farm owner Hasan Ali Khan and set the stage for starting his trial, at a time when the 70-year-old is critically ill and hospitalised.

Khan has been charged under sections 3 (money laundering) and 4 (punishment for money laundering) of the PMLA 2002 and therefore faces punishment between three and seven years of imprisonment.

Special PMLA judge M G Deshpande framed charges against Khan through videoconferencing, in the presence of his counsel, advocate Prashant Patil. Khan pleaded not guilty and claimed to be tried for the charges.

Patil urged the court to expedite the trial and, if possible, to conduct the hearing on a day-to-day basis. The court considered the request and asked the prosecution to bring the first witness as soon as possible.

The enforcement directorate (ED) arrested Khan on March 7, 2011, about four years after the income tax department conducted searches at his residences in Mumbai and Pune on January 5, 2007. One of the documents found at his premises revealed that USD8 billion (about 36,000 crore) was about to be transferred from one of his Swiss bank accounts by January 15, 2007.

In order to stop the suspicious transfer, a team of ED officials went to Switzerland with a letter rogatory issued to the Swiss authorities. The Swiss authorities, however, claimed that the document mentioning the high-value transfer was forged and sought details of the transaction to enable them to act on the Indian request.

Barely four days after his arrest, the special PMLA court granted Khan bail on March 11, 2011, but the order was stayed by the Supreme Court on March 17 that year.

On May 6, 2011, the ED filed a chargesheet against Khan and Kashinath Tapuriah, who allegedly operated one of his foreign bank accounts. Khan was booked under sections 3 and 4 of the PMLA, primarily in view of the two transactions – he had transferred USD7 lakh from Bank Sarasin, Switzerland, to the account of SK Financial Services in Barclays Bank, UK, and he had received USD93 million in his bank account held with SBC Singapore.

The trial of Kolkata-based businessman Tapuriah, however, abated, as he expired on August 15, 2017.

SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    Charul Shah is senior reporter covering the legal beat for Hindustan Times. She has spent over a decade in the industry covering criminal investigations and judiciary from Mumbai, Ahmedabad and Bengaluru.

Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • He recorded the video and threatened her not to reveal the incident or he would leak the video online. (REPRESENTATIVE PHOTO)

    Man arrested in Pune for raping 22-year-old colleague

    A 32-year-old man working in a multinational IT company based in Hinjewadi was arrested for allegedly raping a 22-year-old colleague at his residence on two occasions. The incidents took place on June 6 and June 10 this year. The accused called the complainant at his residence to complete office work on June 6. On 25 June, again the accused called her to his apartment. However, this time, she decided to lodge a police complaint.

  • Devotees during Saint Dnyaneshwar Maharaj Palakhi at Dive ghat in Pune. (HT PHOTO)

    Your Space: Devotees impressed by arrangements during Wari

    The palkhis of Sant Tukaram Maharaj and Sant Dnyaneshwar Maharaj graced Pune after two years. Devotees share their experiences regarding police arrangement, civic facilities, traffic situation and security measures as thousands of warkaris and faithful take part in the annual pilgrimage. Police go the extra mile I felt depressed for the two years that I could not meet 'Mauli' who is my saviour. I am now overjoyed that Wari is happening this year.

  • Uttar Pradesh chief minister Yogi Adityanath. (File Photo/HT)

    UP bypolls: Yogi credits 'double engine' govt as BJP breaches SP strongholds

    Uttar Pradesh chief minister and BJP leader Yogi Adityanath on Sunday hailed the party's 'double engine' government as it breached the Samajwadi Party bastions, the Azamgarh and Rampur Lok Sabha seats, for which byelections were held on June 23. He further credited the leadership of the saffron party, its dedicated 'karyakartas', and thanked the people of Rampur.

  • Uttar Pradesh CM Yogi Adityanath with BJP's Dinesh Lal Yadav during a public meeting.

    UP bypolls: In blow for Akhilesh, BJP sweeps Rampur & Azamgarh; CM tweets

    The Bharatiya Janata Party on Sunday grabbed two keys seats from the Samajwadi Party in the by-elections held in Azamgarh and Rampur. In Azamgarh, an SP bastion, BJP candidate Dinesh Lal Yadav 'Nirahua' won againsNirahua'sis nearest rival, Dharmendra Yadav of the Akhilesh Yadav-led party. Nirahua is said to have left for BJP's Ghyanshyam Singh Lodhi wrested the Rampur parliamentary seat from Mohd Asim Raja by more than 42,000 votes.

  • Bihar has been grappling with a huge shortage of teachers in state universities. (File Photo)

    Bihar education minister asks varsity panel to expedite asst prof appointment

    Bihar education minister, Vijay Kumar Choudhary, on Saturday reviewed the ongoing appointment of assistant professors in seriously understaffed state universities and asked the Bihar state university service commission (BSUSC) to complete the exercise latest by December 31, 2022 by focusing on subjects having higher number of vacancies. The commission became functional in 2019 with the appointment of Dr Rajvardhan Azad as its first chairman and completed its three-year term.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 26, 2022