March 10, 2011 8:58 AM

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Hasan Ali’s custody extended

Accused of money laundering and tax evasion, Pune businessman Hasan Ali Khan’s custody has been extended by one more day. Mumbai’s Special Court, while hearing the Enforcement Directorate's application seeking Khan’s remand adjourned the hearing till tomorrow after asking the ED to do some more homework in the case. Special Principal Judge M L Tahiliyani slammed the ED officials saying they were unable to frame specific charges against Hasan Ali. On his part, however, Hasan Ali has pleaded innocent before the court. Stud Farm owner, Hasan Ali Khan, also a real estate consultant was arrested from Mumbai on Monday midnight under the Prevention of Money Laundering Act. The ED arrested Khan after prolonged searches at his premises in Pune and in Mumbai accompanied by sustained interrogation. Khan is accused of amassing 8 billion US dollars in the Zurich branch of UBS. He is also accused of concealing his income and tax evasion since 1999, amounting to more than Rs 40,000 crore.

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