ibnlive » India

Sep 30, 2011 at 12:20pm IST

Supreme Court cancels Hasan Ali's bail

New Delhi: The Supreme Court on Friday cancelled the bail granted to Hasan Ali Khan by the Bombay High Court.

The Enforcment Directorate had filed a petition seeking cancellation of Khan's bail.

Khan is accused of money laundering.

The ED, in its petition, alleged various transactions led by Khan through his foreign bank accounts, revealing his association with international arms dealer Adnan Khashoggi.

A bench of justices Altamas Kabir and SS Nijjar had earlier reserved the order on the petition filed by ED challenging the August 12 order of the Bombay High Court granting bail to Khan.

It has been contended that government had sufficient evidence to prove that Khan had several foreign accounts and illegal money to the tune of over $93 million stashed abroad.

Khan is also accused of holding two forged passports and ED had contended that granting bail would help him flee from the country.