Mumbai, May 7
International arms dealer Adnan Khashoggi had helped Hasan Ali Khan open his account with UBS, Zurich, to use it to launder tainted money and for the Pune stud farm owner CHF (Swiss currency) 28.5 million was “petty cash” to buy a hotel in Switzerland.

Khan was acting as a “front man” for Khashoggi, a persona-non-grata in Switzerland, and Pune stud farm owner’s UBS account was used to park the arms dealer’s money, says the chargesheet filed yesterday under the Prevention of Money Laundering Act by the Enforcement Directorate against Khan and Kolkata businessman Kashinath Tapuriah.

The document quotes Tapuriah as having told them that Khashoggi had introduced Khan to the bank in 1982 and that the Kolkata businessman learnt from the manager of UBS Reto Hartmann that money deposited belonged to the arms dealer, who might have instructed Peter Weily, a former UBS employee and his portfolio manager, not to allow Khan to withdraw any amount above a particular limit. — PTI