New Delhi: The Supreme Court said it would pronounce its order on the Centre’s plea seeking cancellation of the bail granted to alleged money launderer Hasan Ali Khan on September 29.

On Tuesday, Justice Altamas Kabir and Justice SS Nijjar reserved the order after hearing arguments from the two sides.

Hasan, alleged to be the biggest income-tax defaulter in the country, is in custody after being arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act for allegedly stashing away money abroad. He was granted bail by the Bombay High Court on August 12, but the order was stayed by the Supreme Court.

While opposing the bail granted, the government said that looking at Hasan’s past record, he will fly out of the country, if he is released on bail.

The counsel from ED argued that there are evidences which clearly state that Hasan has deposited huge amounts of money in the foreign banks, unless the investigation into the money laundering cases is completed, the bail cannot be granted to Hasan, as it may hamper the trial.

On the other hand, Hassan Ali's lawyers opposed the plea of the ED and the Bombay High Court granted bail after considering all aspects.