Hasan Ali Khan
Hasan Ali Khan (c. 1951 – 23 February 2023) was an Indian businessman. In 2007, Indian authorities began investigating Khan on suspicion of money laundering. He had a Swiss bank account with $8 billion in deposits. 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.
Hasan Ali Khan | |
|---|---|
| Born | c. 1951 Hyderabad, Hyderabad State, India |
| Died | (aged 71) Hyderabad, Telangana, India |
| Nationality | Indian |
| Known for | Hawala |
| Criminal charge | Money Laundering |
| Criminal status | In Jail() |
In January 2011, the then Finance Minister of India, Pranab Mukherjee, announced that both Swiss bank accounts of Hasan Ali Khan were emptied. In December 2012, Finance Ministry told the Standing Committee on Finance that recovery of Hasan Ali's tax arrears (of approximately ₹ 910 billion) is not possible.
In October 2013, it was reported that Hasan Ali would remain in jail after his bail petitions had been rejected several times by various courts including the Bombay High Court and the Supreme Court of India.
Hasan Ali denied all the allegations and said he had no Swiss bank accounts and some of his rivals could be behind the charges.