Mumbai, April 06: Pune-based stud farm owner Hasan Ali Khan, accused of stashing away billions of dollars in foreign banks, today filed a bail application in the sessions court here.
The court, which has earlier sent him to judicial custody till April 8, would hear arguments on the bail application the same day.
In the bail plea, Khan has said that no offense has been committed by him under Prevention of Money Laundering Act (PMLA), under which he was booked by the Enforcement Directorate.
“The notification for PMLA came in 2005, so offense committed before 2005 cannot be considered”, said Khan’s lawyer I A Bagaria, adding that the Act can not have a retrospective effect.
“FERA, FEMA and offenses under Income Tax do not fall under scheduled offenses (for a person to be booked under PMLA)”, Bagaria told PTI.
-Agencies