He is India's largest tax defaulter with dues over Rs 50,000 crore. Presenting Hasan Ali Khan- the 'Nine-billion dollar man'
Name: Hasan Ali Khan
Age: 58
Age: 58
Occupation:
Khan's I-T records: Scrap dealer
Khan's I-T records: Scrap dealer
The truth: Stud-farm owner
Worth:
Khan's I-T records: Rs 30 lakhs (annual income)
Khan's I-T records: Rs 30 lakhs (annual income)
The truth: US$ 9 billion (in Swiss accounts)
Yes, nine billion dollars.
In fact, going by this figure, Khan could well be India's fourth richest man. The only hitch, most of that 9 billion dollars is unaccounted, black money gained through hawala transactions.
In fact, going by this figure, Khan could well be India's fourth richest man. The only hitch, most of that 9 billion dollars is unaccounted, black money gained through hawala transactions.
To top it up, the Income Tax Department woke up one day to realise Khan had about Rs. 50000 crores dues he had conveniently forgotten to pay. And thus, Hasan Ali Khan, or H A Khan as he is known in racing circles, caught India's attention.
The media's obsession has now shifted from the 'life and times of Libyan dictator Gaddafi' to 'Who the heck is this Hasan Ali Khan?'
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