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Tehelka examines the Hasan Ali documents and finds that the whole story might just be a fake. A hoax, if you will.

Here is a man the nation believes is responsible for a black money and hawala racket worth a whopping Rs 36,000 crore. But a massive international inquiry has turned up nothing substantial on him except transactions totalling Rs 3.25 crore. A key UBS official says Swiss bankers have a phrase for Hasan Ali Khan type operations: they call it “hot air business”.