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

India should deepen energy partnerships with Africa

The vulnerability of Strait of Hormuz continues to influence energy politics globally. India is highly dependent on imported crude oil as a significant portion of its oil imports still come from the Gulf ultimately making such disruptions particularly consequential and has immediate economic ramifications

The rupee stumbles: Can India Inc. chip in?

Every time the Indian rupee weakens to a new record low, the conversation follows a familiar script. The RBI intervenes. Economists debate the current account deficit. The government appeals to citizens to cut consumption. And within a few news cycles, attention moves on, until the next record low arrives.

Provisional answer key for civil (prelim) to be released soon after exams

For the first time, the Union Public Service Commission will release the Provisional Answer Key for the Civil Services (Preliminary) Examination 2026, soon after the exam, to enhance transparency and uphold the highest standards of conduct of examination.   Terming it as “a

Thinking about thinking: How the mind (or AI) works

Tom Griffiths is one of those scientists working at the cutting edge of cognitive science and AI. He is a professor of psychology and computer science at Princeton University, and directs the Computational Cognitive Science Lab and the Princeton Laboratory for AI. His first book for general readership &lsq

`M`rashtra muni. corpns face major governance, citizen participation gaps`

A statewide consultation organised by Praja Foundation has highlighted major governance, financial, and citizen participation gaps across Maharashtra’s Municipal Corporations, calling for urgent reforms to strengthen urban local bodies in line with the 74th Constitutional Amendment Act. &nb

When children stay healthy, they stay in school

Learning Begins with Wellbeing The future of education is often discussed through the lens of classrooms, technology, and learning outcomes. Yet one of the most critical drivers of a child’s ability to learn remains surprisingly overlooked: their health.  


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter