Mumbai: The Enforcement Directorate (ED) on Thursday arrested Kashinath Tapuriah, a Kolkata business man and a close associate of Hasan Ali Khan who is accused of laundering money to the tune of $8 billion.
Tapuria was arrested here after three days of questioning, ED sources said.
Meanwhile, Khan’s chartered accountant, Sunil Shinde, has been asked to appear before the ED for questioning. The ED had conducted searches at his residence in Pune yesterday.
53-year-old Khan has been arrested by the agency on charges of stashing huge amounts of black money in banks abroad. He is also facing a Rs 70,000-crore tax demand notice from the Income-Tax department.
A senior ED official who is investigating the alleged violations of foreign exchange laws, on condition of anonymity said the investigation agency has found out Tapuriah is the kingpin behind Khan adding “Tapuriah was using Hasan Ali Khan as a front”.
Another ED official, requesting anonymity, said the directorate has found Khan’s and wife’s application to reside in Switzerland and other documents with details of their assets.
He said Tapuriah will be brought to court on Thursday. Meanwhile, ED had sought an extension of the custody of Khan by a week. Khan’s custody ends on Thursday.
The I-T department has raised a tax demand of Rs 591 crore against Tapuria and Rs 20,540 crore against his wife Chandrika.
PTI also contributed to this story