Swamy calls Jayalalithaa verdict as ‘tragedy of arithmetic errors’

Difficult to infer that the properties were acquired by means of ill-gotten money, says HC

| May 12, 2015


#Jayalalithaa   #Subramanian Swamy   #Karnataka High Court   #CR Kumaraswamy  

BJP leader Subramanian Swamy has said that he was appealing in the supreme court against the acquittal of J Jayalalithaa and three others in a disproportionate assets case. The Karnataka government, meanwhile, is still to decide on the appeal against the Karnataka high court's judgement.

In a tweet, Swamy said in a tweet “I will prove that the KHC judgment is a ‘tragedy of arithmetic errors’.



Read the full verdict:  Click Here

Swamy was the original complainant in the case as well.

The Karnataka high court on Monday declared that the prosecution’s charges that Jayalalithaa amassed wealth and acquired agricultural lands, sites, floated firms, etc “cannot be believed because the money that has been spent for acquiring the said properties can be inferred from the loans borrowed from nationalised banks.”

The court said not only the source of incomes of VK Sasikala, VN Sudhakaran and J Ilavarasi was “lawful” but “object is also lawful.”

In his verdict, Justice CR Kumaraswamy held that the prosecution had not adduced any evidence to the effect that Jayalalithaa instigated or conspired with other accused to acquire lands and immovable properties in their names.

“The prosecution mainly relies on evidence of the sub-registrar and brokers and also sale deeds. Except marking the sale deeds, there is no other evidence. The burden lies on the prosecution to establish the benami transaction. The prosecution has not adduced any evidence with regard to allegation of benami transaction,” the court held.

“The immovable properties were acquired by borrowing huge loans from the nationalised banks. It is difficult to infer that the properties were acquired by means of ill-gotten money. Therefore, in my view, confiscation of the properties by the trial court is not sustainable in law,” said Justice Kumaraswamy.

The value of disproportionate assets was Rs. 2.82 crore and this value was not enough to convict them on charges of corruption, said Justice Kumaraswamy in his verdict while disagreeing with the findings of the special court, which had computed the value of DA at Rs. 53.6 crore.

 

Comments

 

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said:

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter