The Bombay High Court has granted bail to alleged money launderer and tax evader Hasan Ali Khan after the prosecution failed to establish his offence under the Prevention of Money Laundering Act. Minutes after his bail plea was heard, Hasan Ali collapsed in the courtroom.
Khan was granted bail by Justice Abhay Thipse against a surety of 5 lakh. He has been asked to deposit his passport and not leave Mumbai or Pune without written permission of the Enforcement Directorate’s investigation officer.
The court observed that ED had not been able to establish a case of money laundering against Hasan Ali and hence no offence could be made out against him under the Act. The judge observed that the mere existence of a bank account in a foreign bank did not amount to money laundering.
Hasan Ali was taken into custody by the ED on March 17, after the Supreme Court cancelled the bail granted to him by a trial court. On March 21, the apex court ordered his custody to the ED for an additional three days. Economic Times