Hasan Ali Khan: Difference between revisions

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{{short description|Indian businessman (born 1954)}}
{{short description|Indian businessman (died 2023)}}
{{EngvarB|date=May 2014}}
{{Use British English|date=February 2023}}
{{Use dmy dates|date=May 2014}}
{{Use dmy dates|date=February 2023}}
 
{{Infobox person
{{Infobox person
| name       = Hasan Ali Khan
| name               = Hasan Ali Khan
| image       =  
| image             =  
| image_size =  
| image_size         =  
| alt         =  
| alt               =  
| caption     =  
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| native_name =  
| native_name       =  
| birth_name = <!-- only use if different from name -->
| birth_name         = <!-- only use if different from name -->
| birth_date = c.{{birth year and age|1954}}
| birth_date         = {{circa|1951}}
| birth_place = [[Hyderabad, India]]
| birth_place       = [[Hyderabad]], [[Hyderabad State (1948–1956)|Hyderabad State]], India
| death_date = <!-- {{Death date and age|YYYY|MM|DD|YYYY|MM|DD}} or {{Death-date and age|death date†|birth date†}} -->
| death_date         = {{death date and given age|2023|02|23|71|df=y}}
| death_place =  
| death_place       = Hyderabad, [[Telangana]], India
| nationality =  Indian
| other_names       =  
| other_names =  
| occupation         =  
| occupation =  
| known_for         = Hawala
| known_for   = Hawala
| criminal_charge    = Money Laundering
| criminal_charge    = Money Laundering
| criminal_penalty  =  
| criminal_penalty  =  
| criminal_status    = In Jail
| criminal_status    = In Jail(Deceased)
| spouse       =  
| spouse             =  
| children     =
| children           =  
| parents     =
| parents           =  
| relatives   =  
| relatives         =  
| website     =  
| website           =  
| signature   =  
| signature         =  
| footnotes   =  
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}}
}}
'''Hasan Ali Khan''' (born c. 1954) is an Indian businessman.<ref name=real>{{cite news | first = Pranati | last = Mehra | url = http://articles.timesofindia.indiatimes.com/2007-03-09/india/27876134_1_pune-horse-trading-circles-stud-farm-owner | archive-url = https://web.archive.org/web/20120310144300/http://articles.timesofindia.indiatimes.com/2007-03-09/india/27876134_1_pune-horse-trading-circles-stud-farm-owner | url-status = dead | archive-date = 10 March 2012 | title = This multi-billionaire for real? | date = 9 March 2007 | work = [[The Times of India]] | accessdate = 10 July 2011}}</ref> In 2007, Indian authorities began investigating Khan for suspicion of [[money laundering]].<ref>{{cite news | url = http://articles.timesofindia.indiatimes.com/2007-03-10/india/27888270_1_crime-branch-notice-wife | archive-url = https://web.archive.org/web/20110811072832/http://articles.timesofindia.indiatimes.com/2007-03-10/india/27888270_1_crime-branch-notice-wife | url-status = dead | archive-date = 11 August 2011 | title = Police serve notice to Hasan Ali Khan | date = 10 March 2007 | work = [[The Times of India]] | accessdate = 10 July 2011 }}</ref><ref>{{cite news | url = http://indiatoday.intoday.in/site/story/hassan-ali-khan-has-$8-bn-in-black-money-in-a-swiss-account/1/127982.html | title = King Con: Hassan Ali Khan | first = Dhiraj | last = Nayyar |author2=Shantanu Guha Ray  | date = 29 January 2011 | accessdate = 10 July 2011}}</ref> He had a [[Banking in Switzerland|Swiss bank account]] with $8 billion in deposits.<ref>{{cite news|title=Who is Hasan Ali Khan?|url=http://indiatoday.intoday.in/story/who-is-hassan-ali-khan/1/131363.html|newspaper=India Today|date=3 March 2011|location=New Delhi, India}}</ref> He allegedly stashed away billions into Swiss bank accounts with the help of Kolkata based businessman, Kashinath Tapuriah and Delhi based Praveen Kumar using [[hawala]].<ref>{{cite news|title=Hasan Ali Khan's counsel moves SC over 'stroke'|url=http://articles.timesofindia.indiatimes.com/2011-11-01/mumbai/30345522_1_hasan-ali-khan-kashinath-tapuria-p-bagaria|archive-url=https://archive.today/20120707111913/http://articles.timesofindia.indiatimes.com/2011-11-01/mumbai/30345522_1_hasan-ali-khan-kashinath-tapuria-p-bagaria|url-status=dead|archive-date=7 July 2012|date=1 November 2011|newspaper=[[The Times of India]]|location=Mumbai, India}}</ref>


In January 2011, the then [[Finance Minister of India]], [[Pranab Mukherjee]] announced that both Swiss bank accounts of Hasan Ali Khan were emptied.<ref>{{cite news |url=http://articles.timesofindia.indiatimes.com/2011-01-26/india/28378997_1_fake-passports-pune-businessman-hasan-ali-swiss-accounts |archive-url=https://web.archive.org/web/20131109191428/http://articles.timesofindia.indiatimes.com/2011-01-26/india/28378997_1_fake-passports-pune-businessman-hasan-ali-swiss-accounts |url-status=dead |archive-date=9 November 2013 |newspaper=[[The Times of India]] |title=Hasan Ali's $6bn in Swiss accounts missing
'''Hasan Ali Khan''' ({{circa|1951}} – 23 February 2023) was an Indian businessman.<ref name=real>{{cite news | first = Pranati | last = Mehra | url = http://articles.timesofindia.indiatimes.com/2007-03-09/india/27876134_1_pune-horse-trading-circles-stud-farm-owner | archive-url = https://web.archive.org/web/20120310144300/http://articles.timesofindia.indiatimes.com/2007-03-09/india/27876134_1_pune-horse-trading-circles-stud-farm-owner | url-status = dead | archive-date = 10 March 2012 | title = This multi-billionaire for real? | date = 9 March 2007 | work = [[The Times of India]] | accessdate = 10 July 2011}}</ref> In 2007, Indian authorities began investigating Khan on suspicion of [[money laundering]].<ref>{{cite news | url = http://articles.timesofindia.indiatimes.com/2007-03-10/india/27888270_1_crime-branch-notice-wife | archive-url = https://web.archive.org/web/20110811072832/http://articles.timesofindia.indiatimes.com/2007-03-10/india/27888270_1_crime-branch-notice-wife | url-status = dead | archive-date = 11 August 2011 | title = Police serve notice to Hasan Ali Khan | date = 10 March 2007 | work = [[The Times of India]] | accessdate = 10 July 2011 }}</ref><ref>{{cite news | url = https://www.indiatoday.in/cover-story/story/hassan-ali-khan-has-8-bn-in-black-money-in-a-swiss-account-127443-2011-01-28 | title = King Con: Hassan Ali Khan | first = Dhiraj | last = Nayyar |author2=Shantanu Guha Ray  | date = 29 January 2011 | access-date = 10 July 2011}}</ref> He had a [[Banking in Switzerland|Swiss bank account]] with $8 billion in deposits.<ref>{{cite news|title=Who is Hasan Ali Khan?|url=https://www.indiatoday.in/india/north/story/who-is-hassan-ali-khan-129620-2011-03-02|newspaper=India Today|date=3 March 2011|location=New Delhi, India}}</ref> He allegedly stashed away billions into Swiss bank accounts with the help of [[Kolkata]]-based businessman Kashinath Tapuriah and [[Delhi]]-based Praveen Kumar using [[hawala]].<ref>{{cite news|title=Hasan Ali Khan's counsel moves SC over 'stroke'|url=https://timesofindia.indiatimes.com/city/mumbai/Hasan-Ali-Khans-counsel-moves-SC-over-stroke/articleshow/10561987.cms|archive-url=https://archive.today/20120707111913/http://articles.timesofindia.indiatimes.com/2011-11-01/mumbai/30345522_1_hasan-ali-khan-kashinath-tapuria-p-bagaria|url-status=live|archive-date=7 July 2012|date=1 November 2011|newspaper=[[The Times of India]]|location=Mumbai, India}}</ref>
|date=26 January 2011}}</ref><ref>{{cite news |url=http://www.timesnow.tv/videoshow/4363622.cms |title=Mystery over Hassan Ali's billions |newspaper=Times Now}}</ref><ref>{{cite news |url=http://www.sunday-guardian.com/analysis/the-chargesheet-against-pranab |title=The Chargesheet against Pranab}}</ref> In December 2012, [[Ministry of Finance (India)|Finance Ministry]] told the [[Standing committee (India)|Standing Committee on Finance]] that recovery of Hasan Ali's [[tax arrears]] (of approximately ₹ 910&nbsp;billion) is not possible.<ref name="recovery of Arrears">{{cite news|title=Recovery of Arrears From Hasan Ali Not Possible: Fin Min|url=http://news.outlookindia.com/items.aspx?artid=782833|accessdate=20 October 2013|date=6 December 2012}}</ref>


As of October 2013,<ref name="HC Judge Recuses">{{cite news|title=HC Judge Recuses From Hearing Hasan Ali's Bail Plea|url=http://news.outlookindia.com/items.aspx?artid=806134|accessdate=20 October 2013|date=5 August 2013}}</ref> Hasan Ali is [[under arrest|in jail]] since his [[bail|bail petitions]] have been rejected several times by various courts<ref name="Supreme Court Cancels Hasan Ali's Bail">{{cite news|title=Supreme Court Cancels Hasan Ali's Bail|url=http://news.outlookindia.com/items.aspx?artid=736759|accessdate=20 October 2013|date=30 September 2011}}</ref> including the [[Bombay High Court]]<ref name="HC Denies Bail">{{cite news|title=HC Denies Bail|url=http://news.outlookindia.com/items.aspx?artid=791746|accessdate=20 October 2013|date=7 March 2013}}</ref> and the [[Supreme Court of India]].<ref name="Supreme Court Cancels Hasan Ali's Bail"/>
In January 2011, the then [[Finance Minister of India]], [[Pranab Mukherjee]], announced that both Swiss bank accounts of Hasan Ali Khan were emptied.<ref>{{cite news |url=http://articles.timesofindia.indiatimes.com/2011-01-26/india/28378997_1_fake-passports-pune-businessman-hasan-ali-swiss-accounts |archive-url=https://web.archive.org/web/20131109191428/http://articles.timesofindia.indiatimes.com/2011-01-26/india/28378997_1_fake-passports-pune-businessman-hasan-ali-swiss-accounts |url-status=dead |archive-date=9 November 2013 |newspaper=[[The Times of India]] |title=Hasan Ali's $6bn in Swiss accounts missing
|date=26 January 2011}}</ref><ref>{{cite news |url=http://www.timesnow.tv/videoshow/4363622.cms |title=Mystery over Hassan Ali's billions |newspaper=Times Now}}</ref><ref>{{cite news |url=http://www.sunday-guardian.com/analysis/the-chargesheet-against-pranab |title=The Chargesheet against Pranab}}</ref> In December 2012, [[Ministry of Finance (India)|Finance Ministry]] told the parliamentary  [[Standing committee (India)|Standing Committee on Finance]] that recovery of Hasan Ali's [[tax arrears]] (of approximately ₹ 910&nbsp;billion) was not possible.<ref name="recovery of Arrears">{{cite news|title=Recovery of Arrears From Hasan Ali Not Possible: Fin Min|url=http://news.outlookindia.com/items.aspx?artid=782833|accessdate=20 October 2013|date=6 December 2012}}</ref>


Hasan Ali has denied all the allegations and said he had no [[Banking in Switzerland|Swiss bank accounts]] and some of his rivals could be behind the charges.<ref name="ED chargesheet"/>
In October 2013,<ref name="HC Judge Recuses">{{cite news|title=HC Judge Recuses From Hearing Hasan Ali's Bail Plea|url=http://news.outlookindia.com/items.aspx?artid=806134|accessdate=20 October 2013|date=5 August 2013}}</ref> it was reported that Hasan Ali would remain in jail after his [[bail|bail petitions]] had been rejected several times by various courts<ref name="Supreme Court Cancels Hasan Ali's Bail">{{cite news|title=Supreme Court Cancels Hasan Ali's Bail|url=http://news.outlookindia.com/items.aspx?artid=736759|accessdate=20 October 2013|date=30 September 2011}}</ref> including the [[Bombay High Court]]<ref name="HC Denies Bail">{{cite news|title=HC Denies Bail|url=http://news.outlookindia.com/items.aspx?artid=791746|accessdate=20 October 2013|date=7 March 2013}}</ref> and the [[Supreme Court of India]].<ref name="Supreme Court Cancels Hasan Ali's Bail"/>
 
Hasan Ali denied all the allegations and said he had no [[Banking in Switzerland|Swiss bank accounts]] and some of his rivals could be behind the charges.<ref name="ED chargesheet"/>


== Legal cases ==
== Legal cases ==
In March 2007, Hasan Ali's properties were raided by India's [[Directorate General of Economic Enforcement|Enforcement Directorate]] (ED) and Income Tax officials based on allegations of [[hawala|hawala transactions]]. Hasan Ali's lawyer denied all the allegations and said he had no [[Banking in Switzerland|Swiss bank accounts]] and some of his rivals could be behind the charges.<ref name="ED chargesheet">{{cite news|title=ED Chargesheets Hasan Ali for Money Laundering|url=http://news.outlookindia.com/items.aspx?artid=721075|access-date=20 October 2013|date=6 May 2011}}</ref><ref name=raids>{{cite news|title="Big names" come up in Pune transactions scam|url=http://news.outlookindia.com/items.aspx?artid=456754|accessdate=20 October 2013|date=9 Mar 2007}}</ref>
In March 2007, Hasan Ali's properties were raided by India's [[Directorate General of Economic Enforcement|Enforcement Directorate]] (ED) and Income Tax officials based on allegations of [[hawala|hawala transactions]]. Hasan Ali's lawyer denied all the allegations and said he had no [[Banking in Switzerland|Swiss bank accounts]] and some of his rivals could be behind the charges.<ref name="ED chargesheet">{{cite news|title=ED Chargesheets Hasan Ali for Money Laundering|url=http://news.outlookindia.com/items.aspx?artid=721075|access-date=20 October 2013|date=6 May 2011}}</ref><ref name=raids>{{cite news|title="Big names" come up in Pune transactions scam|url=http://news.outlookindia.com/items.aspx?artid=456754|accessdate=20 October 2013|date=9 March 2007}}</ref>
 
The [[Supreme Court of India]] intervened and asked why Khan and others were not [[custodial interrogation|interrogated]] despite sufficient evidence against them. After this criticism, Khan was arrested by ED in March 2011.<ref name="Arrest after SC rap">{{cite news|title=After SC Rap, Hasan Ali Khan Finally Arrested|url=http://news.outlookindia.com/items.aspx?artid=714271|accessdate=20 October 2013|date=8 March 2011}}</ref> In May 2011, ED formally [[chargesheet]]ed Khan and his associate Kashinath Tapuriah under the [[Prevention of Money Laundering Act, 2002]].<ref name="HC">{{cite news |title=HC questions Hasan Ali's source of wealth |newspaper=[[The Times of India]] |date=29 July 2011 |url=https://timesofindia.indiatimes.com/india/HC-questions-Hasan-Alis-source-of-wealth/articleshow/9411562.cms |access-date=30 July 2011 |url-status=live |archive-url=https://web.archive.org/web/20110913074655/http://articles.timesofindia.indiatimes.com/2011-07-29/india/29829035_1_international-arms-dealer-hasan-ali-khan-kashinath-tapuriah |archive-date=13 September 2011}}</ref> ED lawyers said Khan had laundered money for international arms dealer [[Adnan Khashoggi]] on several occasions.<ref name="HC"/> Khan claimed that he was framed.<ref>{{cite news | url = http://www.thehindu.com/news/national/article1570661.ece?homepage=true | title = Custody for Hasan Ali extended | date = 25 March 2011 | accessdate = 10 July 2011 | work = The Hindu | last = Staff reporter}}</ref>


The [[Supreme Court of India]] intervened and asked why Khan and others were not [[custodial interrogation|interrogated]] despite sufficient evidence against them. After this criticism, Khan was arrested by ED in March 2011.<ref name="Arrest after SC rap">{{cite news|title=After SC Rap, Hasan Ali Khan Finally Arrested|url=http://news.outlookindia.com/items.aspx?artid=714271|accessdate=20 October 2013|date=8 March 2011}}</ref> In May 2011, ED formally [[chargesheet]]ed Khan and his associate Kashinath Tapuriah under the [[Prevention of Money Laundering Act, 2002]].<ref name="HC">{{cite news |title=HC questions Hasan Ali's source of wealth |newspaper=[[The Times of India]] |date=29 July 2011 |url=http://articles.timesofindia.indiatimes.com/2011-07-29/india/29829035_1_international-arms-dealer-hasan-ali-khan-kashinath-tapuriah |accessdate=30 July 2011 |url-status=dead |archiveurl=https://www.webcitation.org/60ZIt7cdd?url=http://articles.timesofindia.indiatimes.com/2011-07-29/india/29829035_1_international-arms-dealer-hasan-ali-khan-kashinath-tapuriah |archivedate=30 July 2011}}</ref> ED lawyers said Khan had laundered money for international arms dealer [[Adnan Khashoggi]] on several occasions.<ref name="HC"/> Khan claimed that he was framed.<ref>{{cite news | url = http://www.thehindu.com/news/national/article1570661.ece?homepage=true | title = Custody for Hasan Ali extended | date = 25 March 2011 | accessdate = 10 July 2011 | work = The Hindu | last = Staff reporter}}</ref>
Khan was charged with serving as a front for Khashoggi. Allegedly, in 2003, Khan helped launder through the Zurich branch of Swiss bank [[UBS]] US$300 million Khashoggi had made through arms sales.<ref>{{cite web|title=Hasan Ali 'front man' of arms dealer Khashoggi: ED chargesheet|url=http://www.indianexpress.com/news/hasan-ali-front-man-of-arms-dealer-khashoggi-ed-chargesheet/787244/#sthash.fxafchAg.dpuf|work=Indian Express|date=7 May 2011 |accessdate=25 August 2013}}</ref><ref>{{cite web|title=Black money case: Hasan Ali bail cancelled, under probe for Khashoggi linksf|url=http://www.indianexpress.com/news/black-money-case-hasan-ali-bail-cancelled-under-probe-for-khashoggi-links/853862/|work=Indian Express|date=30 September 2011 |accessdate=25 August 2013}}</ref> Khashoggi reportedly had to use Khan as a front as UBS had blackballed him due to his notoriety. Introduced to UBS by Khashoggi in 1982, Khan enabled the arms dealer to launder funds held in American accounts through UBS Geneva.<ref>{{cite web|last=Kumar|first=Devesh|title=Black money: Hasan Ali, Tapuriah admit to links with Khashoggi|url=http://articles.economictimes.indiatimes.com/2011-04-12/news/29410015_1_khan-tapuria-hasan-ali-khan-saudi-arms-dealer|archive-url=https://archive.today/20130825155323/http://articles.economictimes.indiatimes.com/2011-04-12/news/29410015_1_khan-tapuria-hasan-ali-khan-saudi-arms-dealer|url-status=dead|archive-date=25 August 2013|work=Economic Times|accessdate=25 August 2013}}</ref> One of Khan's accounts eventually was blocked when it was determined that the source of the funds came from Khashoggi's arms sales.


Khan was charged with serving as a front for Khashoggi. Allegedly, in 2003, Khan helped launder US$300 million of money Khashoggi made through arms sales through the Zurich branch of Swiss bank [[UBS]].<ref>{{cite web|title=Hasan Ali 'front man' of arms dealer Khashoggi: ED chargesheet|url=http://www.indianexpress.com/news/hasan-ali-front-man-of-arms-dealer-khashoggi-ed-chargesheet/787244/#sthash.fxafchAg.dpuf|work=Indian Express|accessdate=25 August 2013}}</ref><ref>{{cite web|title=Black money case: Hasan Ali bail cancelled, under probe for Khashoggi linksf|url=http://www.indianexpress.com/news/black-money-case-hasan-ali-bail-cancelled-under-probe-for-khashoggi-links/853862/|work=Indian Express|accessdate=25 August 2013}}</ref> Khashoggi reportedly had to use Khan as a front as UBS had blackballed him due to his notoriety. Introduced to UBS by Khashoggi in 1982, Khan enabled the arms dealer to launder funds held in American accounts through UBS Geneva.<ref>{{cite web|last=Kumar|first=Devesh|title=Black money: Hasan Ali, Tapuriah admit to links with Khashoggi|url=http://articles.economictimes.indiatimes.com/2011-04-12/news/29410015_1_khan-tapuria-hasan-ali-khan-saudi-arms-dealer|work=Economic Times|accessdate=25 August 2013}}</ref> One of Khan's accounts eventually was blocked when it was determined that the source of the funds came from Khashnoggi's arms sales.
[[India Today]] magazine claimed that it had verified a letter confirming that $8 billion in black money was in a Swiss bank [[UBS]] account and the [[Government of India]] too had verified this with UBS.<ref>{{cite news|title=Who is Hasan Ali Khan?|publisher=India Today|date=3 March 2011|url=https://www.indiatoday.in/india/north/story/who-is-hassan-ali-khan-129620-2011-03-02}}</ref> However, the Swiss bank UBS denied Indian media reports alleging that it maintained a business relationship with or had any assets or accounts for Hasan Ali Khan accused in the $8 billion black money case. Upon formal request by Indian and Swiss government authorities, the bank announced that the documentation supposedly corroborating such allegations was forged and numerous media reports claiming $8 billion in stashed black money were false.<ref>{{cite news|title=Swiss bank UBS denies any dealings with Hasan Ali Khan|work=Deccan Herald|date=16 February 2011|url=http://www.deccanherald.com/content/138299/ipl-2012.html}}</ref><ref>{{cite news|title=Documents in Hasan Ali money-laundering case forged: Swiss Bank|work=The Economic Times|date=17 February 2011|author=M Padmakshan|url=http://articles.economictimes.indiatimes.com/2011-02-17/news/28555039_1_money-laundering-swiss-authorities-swiss-bank|archive-url=https://web.archive.org/web/20150403050658/http://articles.economictimes.indiatimes.com/2011-02-17/news/28555039_1_money-laundering-swiss-authorities-swiss-bank|url-status=dead|archive-date=3 April 2015}}</ref>


[[India Today]] magazine claimed that it had verified a letter confirming that $8 billion in black money was in a Swiss bank [[UBS]] account and the [[Government of India]] too has verified this with UBS.<ref>{{cite news|title=Who is Hasan Ali Khan?|publisher=India Today|date=3 March 2011|url=http://indiatoday.intoday.in/story/who-is-hassan-ali-khan/1/131363.html}}</ref> However, the Swiss bank UBS denied Indian media reports alleging that it maintained a business relationship with or had any assets or accounts for Hasan Ali Khan accused in the $8 billion black money case. Upon formal request by Indian and Swiss government authorities, the bank announced that the documentation supposedly corroborating such allegations were forged and numerous media reports claiming $8 billion in stashed black money were false.<ref>{{cite news|title=Swiss bank UBS denies any dealings with Hasan Ali Khan|work=Deccan Herald|date=16 February 2011|url=http://www.deccanherald.com/content/138299/ipl-2012.html}}</ref><ref>{{cite news|title=Documents in Hasan Ali money-laundering case forged: Swiss Bank|work=The Economic Times|date=17 February 2011|author=M Padmakshan|url=http://articles.economictimes.indiatimes.com/2011-02-17/news/28555039_1_money-laundering-swiss-authorities-swiss-bank}}</ref>
India Today, in a later article, wrote, "Hasan Ali Khan stands accused of massive tax evasion and stashing money in secret bank accounts abroad. But the problem is that the law enforcement agencies have precious little evidence to back their claims. For one, UBS Zurich has already denied having any dealings with Khan."<ref>{{cite news|title=ED lacks evidence on Hasan Ali Khan|date=8 March 2011|publisher=India Today|url=https://www.indiatoday.in/india/north/story/ed-lacks-evidence-on-hasan-ali-khans-ubs-account-129969-2011-03-07}}</ref> Indian government has asked the Indian mission in [[Bern]] to get in touch with banking authorities of Switzerland for obtaining details about Hasan Ali Khan's Swiss bank accounts.<ref>[https://archive.today/20130126055352/http://articles.timesofindia.indiatimes.com/2012-11-26/india/35365646_1_tax-evasion-bank-accounts-finance-ministry India moves Swiss govt in Hasan Ali tax evasion case - Times Of India]. Articles.timesofindia.indiatimes.com (26 November 2012). Retrieved on 17 August 2013.</ref> Hasan Ali named Praful Patel during hawala interrogation.<ref>{{cite news |last1=Feb 14 |first1=TNN / Updated |title='Hasan Ali named Praful Patel during hawala interrogation' {{!}} Mumbai News - Times of India |url=http://timesofindia.indiatimes.com/city/mumbai/Hasan-Ali-named-Praful-Patel-during-hawala-interrogation/articleshow/11879418.cms |newspaper=The Times of India |date=14 February 2012 |language=en}}</ref> He was also friends with Congress leader [[Jagdish Tytler]], ex-[[Samajwadi Party]] leader & actress [[Jaya Prada]], former Chief Minister of Andhra Pradesh & Congress leader, [[Vijay Bhaskar Reddy]], & film financier [[Yusuf Lakdawala]].<ref>{{cite web |last1=May 20 |first1=Kiran Tare |title=Tax evasion: Will Tapuriah sue Hassan for gifting diamond to Congress leader Renuka |url=https://www.indiatoday.in/magazine/nation/story/20110530-tapuriah-claims-hassan-ali-gifted-diamond-worth-rs-12-cr-to-congress-leader-renuka-746165-2011-05-20 |website=indiatoday.intoday.in |date=20 May 2011 |language=en}}</ref><ref>{{cite web |last1=Run |first1=India |title=Hasan Ali Stayed With Renuka Chaudhary |url=https://indiarun.wordpress.com/2011/05/29/hasan-ali-stayed-with-renuka-chaudhary |website=indiarun.wordpress.com |language=en |date=29 May 2011}}</ref>


[[India Today]], in a later article, wrote, "Hasan Ali Khan stands accused of massive tax evasion and stashing money in secret bank accounts abroad. But the problem is that the law enforcement agencies have precious little evidence to back their claims. For one, UBS Zurich has already denied having any dealings with Khan."<ref>{{cite news|title=ED lacks evidence on Hasan Ali Khan|date=8 March 2011|publisher=India Today|url=http://indiatoday.intoday.in/story/ed-lacks-evidence-on-hasan-ali-khans-ubs-account/1/131873.html}}</ref> Indian government has asked the Indian mission in [[Berne]] to get in touch with banking authorities of Switzerland for obtaining details about Hasan Ali Khan's Swiss bank accounts.<ref>[https://archive.today/20130126055352/http://articles.timesofindia.indiatimes.com/2012-11-26/india/35365646_1_tax-evasion-bank-accounts-finance-ministry India moves Swiss govt in Hasan Ali tax evasion case - Times Of India]. Articles.timesofindia.indiatimes.com (26 November 2012). Retrieved on 17 August 2013.</ref> Hasan Ali named Praful Patel during hawala interrogation.<ref>{{cite web |last1=Feb 14 |first1=TNN / Updated |title='Hasan Ali named Praful Patel during hawala interrogation' {{!}} Mumbai News - Times of India |url=http://timesofindia.indiatimes.com/city/mumbai/Hasan-Ali-named-Praful-Patel-during-hawala-interrogation/articleshow/11879418.cms |website=timesofindia.indiatimes.com |language=en}}</ref> He was also friends with Congress leader [[Jagdish Tytler]], ex-[[Samajwadi Party]] leader & actress [[Jaya Prada]], former Chief Minister of Andhra Pradesh & Congress leader, [[Vijay Bhaskar Reddy]], & film financier [[Yusuf Lakdawala]].<ref>{{cite web |last1=May 20 |first1=Kiran Tare |title=Tax evasion: Will Tapuriah sue Hassan for gifting diamond to Congress leader Renuka |url=http://indiatoday.intoday.in/story/tapuriah-claims-hassan-ali-gifted-diamond-worth-rs-1.2-cr-to-congress-leader-renuka/1/138779.html |website=indiatoday.intoday.in |language=en}}</ref><ref>{{cite web |last1=Run |first1=India |title=Hasan Ali Stayed With Renuka Chaudhary |url=https://indiarun.wordpress.com/2011/05/29/hasan-ali-stayed-with-renuka-chaudhary |website=indiarun.wordpress.com |language=en |date=29 May 2011}}</ref>
Khan died in Hyderabad on 23 February 2023, at the age of 71. By that trial of any of the charges against him had yet begun.<ref>{{cite news |title=Arrested by ED in 2011, Pune businessman Hasan Ali dies before trial starts |url=https://indianexpress.com/article/cities/mumbai/arrested-by-ed-2011-pune-businessman-hasan-ali-dies-before-trial-starts-8465063/ |access-date=24 February 2023 |publisher=The Indian Express |date=24 February 2023}}</ref>


==References==
==References==
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==External links==
==External links==
*{{cite news|title=NDTV|url=http://www.ndtv.com/article/india/who-is-hasan-ali-89383|accessdate=26 August 2011|newspaper=NDTV|date=26 August 2011}}
*{{cite news|title=NDTV|url=http://www.ndtv.com/article/india/who-is-hasan-ali-89383|accessdate=26 August 2011|newspaper=NDTV|date=26 August 2011}}
*{{cite news|title=Bluff Master Ali|url=http://www.tehelka.com/story_main49.asp?filename=Ne160411Coverstory.asp|newspaper=Tehelka|date=16 April 2011|location=India}}
*{{cite news|title=Bluff Master Ali|url=http://www.tehelka.com/story_main49.asp?filename=Ne160411Coverstory.asp|newspaper=Tehelka|date=16 April 2011|location=India|access-date=23 December 2011|archive-date=17 October 2011|archive-url=https://web.archive.org/web/20111017152328/http://tehelka.com/story_main49.asp?filename=Ne160411Coverstory.asp|url-status=dead}}


{{DEFAULTSORT:Khan, Hasan Ali}}
{{DEFAULTSORT:Khan, Hasan Ali}}
[[Category:1950s births]]
[[Category:Year of birth uncertain]]
[[Category:2023 deaths]]
[[Category:Confidence tricksters]]
[[Category:Confidence tricksters]]
[[Category:Financial scandals]]
[[Category:Financial scandals]]
[[Category:Businesspeople from Pune]]
[[Category:Businesspeople from Pune]]
[[Category:Indian smugglers]]
[[Category:Indian smugglers]]
[[Category:Indian money launderers]]
[[Category:Indian people convicted of money laundering]]
[[Category:Living people]]
[[Category:Businesspeople from Hyderabad, India]]
[[Category:Businesspeople from Hyderabad, India]]
[[Category:Racehorse owners and breeders]]
[[Category:Racehorse owners and breeders]]
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[[Category:Indian prisoners and detainees]]
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[[Category:Crime in Maharashtra]]
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[[Category:Money launderers]]
[[Category:Year of birth missing (living people)]]

Latest revision as of 04:18, 8 February 2026


Hasan Ali Khan
Bornc. 1951
Hyderabad, Hyderabad State, India
Died (aged 71)
Hyderabad, Telangana, India
Known forHawala
Criminal charge(s)Money Laundering
Criminal statusIn Jail(Deceased)

Hasan Ali Khan (c. 1951 – 23 February 2023) was an Indian businessman.[1] In 2007, Indian authorities began investigating Khan on suspicion of money laundering.[2][3] He had a Swiss bank account with $8 billion in deposits.[4] He allegedly stashed away billions into Swiss bank accounts with the help of Kolkata-based businessman Kashinath Tapuriah and Delhi-based Praveen Kumar using hawala.[5]

In January 2011, the then Finance Minister of India, Pranab Mukherjee, announced that both Swiss bank accounts of Hasan Ali Khan were emptied.[6][7][8] In December 2012, Finance Ministry told the parliamentary Standing Committee on Finance that recovery of Hasan Ali's tax arrears (of approximately ₹ 910 billion) was not possible.[9]

In October 2013,[10] it was reported that Hasan Ali would remain in jail after his bail petitions had been rejected several times by various courts[11] including the Bombay High Court[12] and the Supreme Court of India.[11]

Hasan Ali denied all the allegations and said he had no Swiss bank accounts and some of his rivals could be behind the charges.[13]

Legal cases[edit | edit source]

In March 2007, Hasan Ali's properties were raided by India's Enforcement Directorate (ED) and Income Tax officials based on allegations of hawala transactions. Hasan Ali's lawyer denied all the allegations and said he had no Swiss bank accounts and some of his rivals could be behind the charges.[13][14]

The Supreme Court of India intervened and asked why Khan and others were not interrogated despite sufficient evidence against them. After this criticism, Khan was arrested by ED in March 2011.[15] In May 2011, ED formally chargesheeted Khan and his associate Kashinath Tapuriah under the Prevention of Money Laundering Act, 2002.[16] ED lawyers said Khan had laundered money for international arms dealer Adnan Khashoggi on several occasions.[16] Khan claimed that he was framed.[17]

Khan was charged with serving as a front for Khashoggi. Allegedly, in 2003, Khan helped launder through the Zurich branch of Swiss bank UBS US$300 million Khashoggi had made through arms sales.[18][19] Khashoggi reportedly had to use Khan as a front as UBS had blackballed him due to his notoriety. Introduced to UBS by Khashoggi in 1982, Khan enabled the arms dealer to launder funds held in American accounts through UBS Geneva.[20] One of Khan's accounts eventually was blocked when it was determined that the source of the funds came from Khashoggi's arms sales.

India Today magazine claimed that it had verified a letter confirming that $8 billion in black money was in a Swiss bank UBS account and the Government of India too had verified this with UBS.[21] However, the Swiss bank UBS denied Indian media reports alleging that it maintained a business relationship with or had any assets or accounts for Hasan Ali Khan accused in the $8 billion black money case. Upon formal request by Indian and Swiss government authorities, the bank announced that the documentation supposedly corroborating such allegations was forged and numerous media reports claiming $8 billion in stashed black money were false.[22][23]

India Today, in a later article, wrote, "Hasan Ali Khan stands accused of massive tax evasion and stashing money in secret bank accounts abroad. But the problem is that the law enforcement agencies have precious little evidence to back their claims. For one, UBS Zurich has already denied having any dealings with Khan."[24] Indian government has asked the Indian mission in Bern to get in touch with banking authorities of Switzerland for obtaining details about Hasan Ali Khan's Swiss bank accounts.[25] Hasan Ali named Praful Patel during hawala interrogation.[26] He was also friends with Congress leader Jagdish Tytler, ex-Samajwadi Party leader & actress Jaya Prada, former Chief Minister of Andhra Pradesh & Congress leader, Vijay Bhaskar Reddy, & film financier Yusuf Lakdawala.[27][28]

Khan died in Hyderabad on 23 February 2023, at the age of 71. By that trial of any of the charges against him had yet begun.[29]

References[edit | edit source]

  1. ↑ Mehra, Pranati (9 March 2007). "This multi-billionaire for real?". The Times of India. Archived from the original on 10 March 2012. Retrieved 10 July 2011.
  2. ↑ "Police serve notice to Hasan Ali Khan". The Times of India. 10 March 2007. Archived from the original on 11 August 2011. Retrieved 10 July 2011.
  3. ↑ Nayyar, Dhiraj; Shantanu Guha Ray (29 January 2011). "King Con: Hassan Ali Khan". Retrieved 10 July 2011.
  4. ↑ "Who is Hasan Ali Khan?". India Today. New Delhi, India. 3 March 2011.
  5. ↑ "Hasan Ali Khan's counsel moves SC over 'stroke'". The Times of India. Mumbai, India. 1 November 2011.{{cite news}}: CS1 maint: deprecated archival service (link)
  6. ↑ "Hasan Ali's $6bn in Swiss accounts missing". The Times of India. 26 January 2011. Archived from the original on 9 November 2013.
  7. ↑ "Mystery over Hassan Ali's billions". Times Now.
  8. ↑ "The Chargesheet against Pranab".
  9. ↑ "Recovery of Arrears From Hasan Ali Not Possible: Fin Min". 6 December 2012. Retrieved 20 October 2013.
  10. ↑ "HC Judge Recuses From Hearing Hasan Ali's Bail Plea". 5 August 2013. Retrieved 20 October 2013.
  11. ↑ 11.0 11.1 "Supreme Court Cancels Hasan Ali's Bail". 30 September 2011. Retrieved 20 October 2013.
  12. ↑ "HC Denies Bail". 7 March 2013. Retrieved 20 October 2013.
  13. ↑ 13.0 13.1 "ED Chargesheets Hasan Ali for Money Laundering". 6 May 2011. Retrieved 20 October 2013.
  14. ↑ ""Big names" come up in Pune transactions scam". 9 March 2007. Retrieved 20 October 2013.
  15. ↑ "After SC Rap, Hasan Ali Khan Finally Arrested". 8 March 2011. Retrieved 20 October 2013.
  16. ↑ 16.0 16.1 "HC questions Hasan Ali's source of wealth". The Times of India. 29 July 2011. Archived from the original on 13 September 2011. Retrieved 30 July 2011.
  17. ↑ Staff reporter (25 March 2011). "Custody for Hasan Ali extended". The Hindu. Retrieved 10 July 2011.
  18. ↑ "Hasan Ali 'front man' of arms dealer Khashoggi: ED chargesheet". Indian Express. 7 May 2011. Retrieved 25 August 2013.
  19. ↑ "Black money case: Hasan Ali bail cancelled, under probe for Khashoggi linksf". Indian Express. 30 September 2011. Retrieved 25 August 2013.
  20. ↑ Kumar, Devesh. "Black money: Hasan Ali, Tapuriah admit to links with Khashoggi". Economic Times. Retrieved 25 August 2013.{{cite web}}: CS1 maint: deprecated archival service (link)
  21. ↑ "Who is Hasan Ali Khan?". India Today. 3 March 2011.
  22. ↑ "Swiss bank UBS denies any dealings with Hasan Ali Khan". Deccan Herald. 16 February 2011.
  23. ↑ M Padmakshan (17 February 2011). "Documents in Hasan Ali money-laundering case forged: Swiss Bank". The Economic Times. Archived from the original on 3 April 2015.
  24. ↑ "ED lacks evidence on Hasan Ali Khan". India Today. 8 March 2011.
  25. ↑ India moves Swiss govt in Hasan Ali tax evasion case - Times Of India. Articles.timesofindia.indiatimes.com (26 November 2012). Retrieved on 17 August 2013.
  26. ↑ Feb 14, TNN / Updated (14 February 2012). "'Hasan Ali named Praful Patel during hawala interrogation' | Mumbai News - Times of India". The Times of India. {{cite news}}: |first1= has generic name (help)CS1 maint: numeric names: authors list (link)
  27. ↑ May 20, Kiran Tare (20 May 2011). "Tax evasion: Will Tapuriah sue Hassan for gifting diamond to Congress leader Renuka". indiatoday.intoday.in.{{cite web}}: CS1 maint: numeric names: authors list (link)
  28. ↑ Run, India (29 May 2011). "Hasan Ali Stayed With Renuka Chaudhary". indiarun.wordpress.com.
  29. ↑ "Arrested by ED in 2011, Pune businessman Hasan Ali dies before trial starts". The Indian Express. 24 February 2023. Retrieved 24 February 2023.

External links[edit | edit source]

  • "NDTV". NDTV. 26 August 2011. Retrieved 26 August 2011.
  • "Bluff Master Ali". Tehelka. India. 16 April 2011. Archived from the original on 17 October 2011. Retrieved 23 December 2011.
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