Hasan Ali stashed $800 mn

Enforcement Directorate on Monday told the Bombay High Court that Hasan Ali Khan, arrested for alleged money laundering, has stashed 800 million dollars in banks in countries like the US, Switzerland and Singapore and has links with officials of these banks.Justice A M Thipsay was hearing a bail application filed by Khan after a sessions court rejected his bail plea. The matter will be heard on July 26. The affidavit states that

Khan and his aide Kashinath Tapuriah have deep links with bank officials in the US, Switzerland, Singapore, UAE and other countries. These officials have assisted the duo in operating bank accounts and transfer of funds. Letters Rogatory have been issued to Switzerland, the US, the UK, UAE, Singapore and Hong Kong for verification of bank accounts and as of now only the US has sent a reply. It said, reply to Letters Rogatory from the US confirms that an amount of 7 lakh dollars was transferred from Bank Sarasin, Switzerland to an account in New York operated by Khan.Additional Solicitor General Darius Khambatta, appeared for the Enforcement Directorate.Alleging that Khan has links with international arms dealer Adnan Khashoggi, Khambatta said, in 2003, 300 million dollars were apparently received by Khan from Khashoggi from weapon sales.ED further stated that the investigations have revealed a conspiracy to commit offences against the security and safety of the