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Jayalalithaa wealth case judgment

Jayalalithaa wealth case judgment
Highlights

A special court in Parappana Agrahara of Bangalore declared Tamil Nadu Chief Minister J Jayalalithaa guilty of amassing wealth to the tune of Rs 66 crores. This means she will have to give up her CM\'s post among many other things.

A special court in Parappana Agrahara of Bangalore declared Tamil Nadu Chief Minister J Jayalalithaa guilty of amassing wealth to the tune of Rs 66 crores. This means she will have to give up her CM's post among many other things.

Let's take a look at some key points in the case

  • The charges: Conspiracy: As CM, Jayalalithaa conspired with three others to acquire assets to the tune of Rs. 66.65 crore
  • Disproportionate Assets: The assets were disproportionate to her known income
  • Abetment: The other three abetted the offence by acting as benami owners of 32 private firms
  • Prosecution's take: Modus operandi was to deposit cash in benami firms’ accounts
  • Prosecution's take: The firms gave her address as theirs while opening accounts
  • Prosecution's take: Ms. Jayalalithaa spent crores of rupees on renovations and constructions, her foster son’s wedding and possessed huge quantity of jewellery.
  • Counter: Prosecution born and out of malice and vendetta, many illegalities and defects in investigation. She had sufficient income form legal sources. Others were not benamidars.
  • Counter: No material to show sarees, watches and footwear seized were bought during her tenure.
  • Counter: Income-Tax authorities and Tribunals have accepted their returns and valuation of assets.

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