March 4, 2011 8:45 AM

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SC order reinstatement ED officials probing foreign exchange law violation

The Supreme Court has ordered forthwith reinstatement of three key Enforcement Directorate officials allegedly transferred midway into the probe in a case of foreign exchange law violation by Pune businessman Hasan Ali Khan. A bench of justices B Sudershan Reddy and S S Nijjar also indicated that if the government fails to act, it would be compelled to appoint a special officer for supervising the probe against the offenders. Khan, who is alleged to have stashed around 8 billion dollars in foreign banks, had been earlier served tax notice for about 50,000 crore rupees. The bench granted time till Tuesday to the Centre to file its response failing which it said the court would be constrained to pass necessary orders. Reacting to Supreme Court's query on the progress made into the investigations in the Hasan Ali case,Congress Party Spokesperson Abhishek Manu Singhvi said that it is a legal process and several agencies are looking into the matter.

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