Money laundering case: Hasan Ali's bail rejected

July 01, 2011 14:57

A sessions court in Mumbai has dismissed the bail petition by Hasan Ali Khan and his business associate Kashinath Tapuria in the money laundering case against them.

Khan has been in jail since early March on charges of laundering a staggering 93 million Dollars through the years.

The Enforcement Directorate has been insisting that the evidence in the chargsheet indicates that Khan could be prima facie charged for waging war against the state. He said Khan and Tapuria had conspired with international arms dealer Adnan Kashhoggi and received sale proceeds of the illegal arms sale. He also said that the US confirmed Khan's transfer of 700,000 Dollars to a UK-based SK Financial through Citi bank in New York.

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