The Bombay High Court on Wednesday granted bail to Hasan Ali Khan, a Pune businessman, in a 2011 case of money laundering.

“The bail was granted because his custody was no longer required and he has already stayed in custody for more than the required period of time: for more than four years since 2011. He is not allowed to leave the jurisdiction of the Bombay High Court and should be present at the office of the Enforcement Directorate as and when required,” Mr. Khan’s lawyer Ranjeet Sangle told The Hindu.

Mr. Khan was given bail on a surety of Rs. 1 lakh.

The ED registered a case against him and co-accused Kashinath Tapuriah under the Prevention of Money Laundering Act for allegedly stashing away billions of dollars in overseas accounts. Mr. Khan is also facing a case of tax evasion in which his bail petition is pending.