Friday, January 28, 2011

King Con: Hassan Ali Khan owes Rs 50,000 cr in taxes

Ask Hassan Ali Khan what he does and he replies with disarming nonchalance that he is a simple scrap dealer with an annual income of Rs 30 lakh. This "simple scrap dealer" has a Swiss bank account with $8 billion in deposits. This figure has been verified by INDIA TODAY from a letter written by UBS, Zurich, to Khan. The Government of India has confirmed the existence of this account in UBS, and ordered him to pay Rs 50,000 crore in tax on that wealth. Khan hasn't paid a rupee. He clearly could not care less. On January 24, Khan was seen placing bets at the Pune Race Course.

more at indiatoday 

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