04 June 2018 last updated at 10:45 GMT
 
Press Release
Naseer Khan Cross Examination

9th March:

Mr. A.K. Naseer Khan, Chief Manager, State Bank of Travancore, now State Bank of India was put to cross examination by Lalit Modi Lawyers namely Swadeep Singh Hora and Abhishek Singh before the Special Director of Enforcement Directorate, Mumbai. Naseer Khan as manager of the then State Bank of Tavencore was instrumental in transfer of funds to Cricket South Africa (CSA) for hosting IPL season 2 in South Africa. Transfer of funds to foreign entity without approval of RBI is the basis of alleged FEMA violation.

During the cross examination Mr. Khan developed unease and sought adjournment to a further date on account of his indisposition today. The adjudicating authority acceeded to his request and adjourned his cross examination to 21st March.  

Before developing his discomfort he made crucial revelations which go to the roots of ED case and shakes the foundation of ED's case.

People accompanying him are believed to have taken him hospital.

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