Hasan Ali Khan (or Syed Mohammed Hassan Ali Khan, son of late Gayasuddin Ali Khan) is a 53-year-old alleged money-launderer based in India and allegedly worth USD 9 billion or more, according to law-authorities. This figure has been verified from a letter written byUBS (Zurich) to Khan. The Government of India has also confirmed the existence of this account in UBS, and ordered him to pay Indian Rupee ₹50,000 crore (US$11.1 billion) in taxes on that wealth. However, according to Khan, he is a scrap dealer with an annual income of Indian Rupee ₹30 lakh (US$66,600). Some sources claim that he might be the fourth richest person in India and amongst the world's dollar billionaires.However, he is not officially recognized as a billionaire by any publication because most of his money is in the form of unaccounted wealth orblack money. This can be considered true because India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (USD 1.4 trillion approximately) in the form of black money. According to the data provided by the Swiss Banking Association Report (2006), India has more black money than the rest of the world combined. Indian Swiss bank account assets are worth 13 times the country’s national debt. In Swiss bank accounts, the account holder need not even give his or her name. Perhaps that explains why Hasan Ali Khan's name does not figure in any UBS accounts. Also, the account holder's name need not even appear in any of the official documents of the account.
Thursday 13 October 2011
HASAN ALI BLACK MONEY MILLIONAIRE FRAUD
Hasan Ali Khan (or Syed Mohammed Hassan Ali Khan, son of late Gayasuddin Ali Khan) is a 53-year-old alleged money-launderer based in India and allegedly worth USD 9 billion or more, according to law-authorities. This figure has been verified from a letter written byUBS (Zurich) to Khan. The Government of India has also confirmed the existence of this account in UBS, and ordered him to pay Indian Rupee ₹50,000 crore (US$11.1 billion) in taxes on that wealth. However, according to Khan, he is a scrap dealer with an annual income of Indian Rupee ₹30 lakh (US$66,600). Some sources claim that he might be the fourth richest person in India and amongst the world's dollar billionaires.However, he is not officially recognized as a billionaire by any publication because most of his money is in the form of unaccounted wealth orblack money. This can be considered true because India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (USD 1.4 trillion approximately) in the form of black money. According to the data provided by the Swiss Banking Association Report (2006), India has more black money than the rest of the world combined. Indian Swiss bank account assets are worth 13 times the country’s national debt. In Swiss bank accounts, the account holder need not even give his or her name. Perhaps that explains why Hasan Ali Khan's name does not figure in any UBS accounts. Also, the account holder's name need not even appear in any of the official documents of the account.
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