SC stays bail granted to Hasan Ali Khan

August 16, 2011 11:07

Just in: The Supreme Court has stayed the release of Hasan Ali Khan on bail
granted by the Bombay High Court on Friday.

Khan, who is India's biggest tax offender, arrested in March for his alleged involvement in multi-crore money laundering scam, was granted bail by the HC which observed that there is nothing in the Enforcement Directorate's case to show that the money amassed by him are proceeds of crime.

Justice A M Thipsay granted bail to 53-year-old Khan on a surety of Rs. 5 lakh.

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