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According to the report, Hasan Ali, who is now in the CBI custody, helped a former Andhra Pradesh chief minister and a prominent film star-turned politician to launder their ill- gotten wealth and pump it back to fund elections and movies. Investigators said Ali was not just laundering black money, but was also helping politicians and film stars access it whenever they wanted.
Though the report did not mention the names of these two leaders for want of documentary evidence, it was obvious that it was referring to Telugu Desam Party president N Chandrababu Naidu and Praja Rajyam Party president K Chiranjeevi. The report said Ali had assisted at least two regional political parties of Andhra Pradesh in routing back their black money for election campaigns during the past decade.
Ali, who began his money laundering career in Hyderabad, allegedly grew close to a former chief minister and funnelled away his black money into his own accounts abroad. He also handled the illegal money of a rival political leader in Andhra Pradesh. The investigators discovered a massive trail of black money. According to the probe agencies, Ali routed cash for political parties for at least two election campaigns over the past 10 years. A political party brought back close to ` 200 crore through his network in the 2009 general elections, they said.
The investigating officers revealed that Ali was like a bank for people who wanted to launder money through foreign accounts and he had his own set of rules. Right from film producers and actors to even realtors wanting to start real estate projects, they all turned to him. By then he had become adept at handling undetected money transfers in foreign bank accounts. The sleuths believed that Ali helped a popular producer- actor from AP to get his money moved around for financing his big budget films in the mid- 2000s.
They also found that a filmmaker’s money was routed back in the name of his son. In this case as well, a politician introduced the filmmaker to Ali. The officer revealed: “We have found that around the year 2004, a politician introduced Ali to the filmmaker and their connection grew from thereon.” An actress whose accounts were being managed by her brother also had money routed through Ali, the investigators said.
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