Not enough being done to trace money trail abroad: Apex court

Mar 29, 2011 |

IANS

New Delhi

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The Supreme Court on Tuesday rapped the Central government for not doing enough to trace the sources of money stashed by multi-billion tax evader Hasan Ali Khan and others in foreign banks based in tax havens. An apex court bench of justice B. Sudarshan Reddy and justice S.S, Nijjar said: "No consistent efforts have been made to trace the sources of money (stashed away).

Fact remains that even today we have not made any progress in tracking the sources of money." The court directed the Enforcement Directorate (ED) to have video as well as audio recording of its investigation of Hasan ali and others accused of money laundering.

It also directed the central and Maharashtra governments to provide adequate security to Hasan Ali and his family members. The court asked the ED to produce before it the transcripts and CD of the interrogation done by Maharashtra police officer Ashok Deshbhratar of Hasan ali some time back. The court has permitted Deshbhratar to implead himself, if he so wished, in order to assist the court in the matter.

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