The government of India has confirmed the existence of this account in UBS, and ordered him to pay Rs 50,000 crore in tax on that wealth. Khan has not paid a rupee.
Racing horses is his passion and he regularly pays lakhs of rupees in cash to buy the ones he desires.
He is known to throw the most lavish parties in Mumbai and Pune.
He has a fleet of cars worth crores of rupees.
He has huge foreign funds at his disposal in different Swiss accounts and other places across the world.
Ali dabbled in antiques, car rentals, metal trading and exported rice and onion to the Middle East before he came into big money. How he did it, no one quite knows.
Hassan is also said to be a conduit for transferring politicians' and industrialists' ill-gotten gains into Swiss banks?
In 1991, in Hyderabad Hassan had entered the world of horse racing with just two horses. Soon, he moved to Mumbai and then expanded his base to Pune, Bangalore, Chennai and Delhi.
Hasan Ali
$8 billion in swiss ac ..i think in need to be in world's richest list
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