India’s Income Tax department is pursuing almost $2 billion in tax penalties from Hasan Ali Khan, the Pune-based race horse breeder, who is accused of money-laundering deals worth billions of dollars.
Earlier raids by the IT department found records that indicated he had a balance of $8.04 billion in UBS Zurich at one point. However UBS claims the documents are forged and that he does not have any accounts or assets with them. |
$2 Billion Tax Bite?
