Jayalalithaa assets case: Judgement reserved

Jayalalithaa assets case: Judgement reserved

The Supreme Court on Tuesday reserved its verdict on the Karnataka government’s appeal challenging acquittal of Tamil Nadu Chief Minister Jayalalithaa and three others in a corruption case even as Karnataka sought attachment of assets of the six companies used for channelizing the alleged ill-gotten wealth.

A Bench of Justices Pinaki Chandra Ghose and Amitava Roy finally closed the notebooks used by them to jot down the salient points of the arguments before lunch time on the twentieth day of the day-to-day arguments which started on February 23.

Senior advocate Siddharth Luthra, appearing for Karnataka government, dealt with the alleged roles of six firms and the evidence regarding assets and funds held by each of them.

Jayalalithaa assets case: Judgement reserved

Jayalalithaa assets case: Judgement reserved

The firms, which found mention in the trial court records, are Lex Property Development, Meadow Agro Farms Ltd, Riverway Agro Products Pvt Ltd, Ramraj Agro Mills Ltd, Signora Business Enterprises Pvt Ltd and Indo Doha Chemicals and Pharmaceuticals Pvt Ltd.

The apex court has asked the Karnataka Government and other respondents to file their written submissions by June 10. The vacation bench comprising Justices PC Ghose and Amitava Roy had in the matter last week heard at length the Special Public Prosecutor of Karnataka.

A Bengaluru trial court by its September 24, 2014 verdict had directed the confiscation of the properties registered in the name of six companies to the state government. However, the Karnataka High Court by its May 11, 2014 verdict, had set aside the confiscation.

The Supreme Court judgment, when it is delivered, would mean closure to the wealth case haunting Tamil Nadu politics. The appeals were pending in the apex court when Jayalalithaa fought the Assembly elections recently and came back to power.

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