Hasan Ali is no bubble
Pune-based horse breeder and alleged hawala racketeer Hasan Ali Khan, who once claimed that he was falsely implicated in money laundering scandals, is in the hot seat.

Pushed by the Prime Minister’s Office (PMO) and the Ministry of Finance, the Enforcement Directorate has gathered fresh evidence against Ali. It conclusively proves Ali parked his cash in HSBC accounts. Worse, the bank, which once said there was only $6,000 in Ali’s account, has confirmed the Pune-based businessman had much more, thanks to his hawala operations and dealings with Adnan Khoshaggi, the international arms dealer.