Khan, who claims to be a scrap dealer with an annual income of Rs 30 lakh and a passion for thoroughbred horses
Khan, who claims to be a scrap dealer with an annual income of Rs 30 lakh and a passion for thoroughbred horses, is under investigation for violations of the Income Tax Act, Prevention of Money Laundering Act, Foreign Exchange Management Act and Passport Act. The income tax department alleges that he has over $8 billion in an overseas bank account, on which he needs to pay income tax of Rs 71,845 crore. The other charges against Khan include having three passports made (one each in Hyderabad, Patna and Mumbai), receiving kickbacks for an aircraft deal, endangering national security and moneylaundering. The Opposition alleges that Khan enjoys significant political patronage and that is why the investigative agencies are deliberately going slow on the case. Still others feel that the various agencies in the probe — the Central Bureau of Investigation, National Investigation Agency, Enforcement Directorate and income tax department — are working at cross purposes. Whatever the ...