Tax sleuths grill Pune billionaire Hasan Ali KhanBy IANS
Friday, February 18, 2011
MUMBAI - Leading businessman Hasan Ali Khan, allegedly the country’s top tax evador, was grilled by Income Tax authorities from Mumbai Friday, official sources said.
The Pune-based multi-billionaire was asked to clarify his stand on a variety of issues, including a 2007 case pertaining to $8 billion in his wife Rheemas name in a Swiss Bank.
The 56-year-old Khan, who owns stud farms and other businesses in and around Pune, has been under the scanner of various governmental agencies for the past five years and more.
Earlier, the Income Tax department had issued summons to him for initiating penalty proceedings, but he evaded the authority.
Among other things, Khan is under a cloud of suspicion for allegedly indulging in multi-billion rupees money-laundering rackets for the rich and the famous in tax havens abroad.