New Delhi, June 30: The Enforcement Directorate (ED) today issued a showcause notice for attachment of properties valued at Rs 50 crore of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case.
The ED issued the order under the stringent Prevention of Money Laundering Act (PMLA) after it got the approval of the adjudicating authority of the law, which is based in the national capital, and it includes immovable properties in Delhi, Mumbai and Pune of the duo, official sources said.
“An attachment order and showcause notice has been issued to us under the Prevention of Money Laundering Act by the Enforcement Directorate. We will appeal against it,” Ali’s lawyer R K Gaur told PTI.
The attachment order notice, according to sources, also includes Ali’s high-end imported cars, including Mercedes, Porche and others, a flat in Pune’s posh Koregaon Park area and a residential building in Mumbai and Tapuriah’s property on Prithviraj Road in Delhi.
“This is just a provisional order which can be challenged before the adjudicating authority of ED in Delhi before 30 days”, an ED official said.
Ali, accused of money laundering, has a Rs 62,000 crore tax liability and penalty proceeding pending against him. The total pending tax demand against him and his associates has been pegged at Rs 89,000 crore by the Income Tax department.
–Agencies