Jayalalithaa's assets to be transferred to Tamil Nadu

Jayalalithaa's assets to be transferred to Tamil Nadu

Movable  assets of former Tamil Nadu chief minister J Jayalalithaa confiscated by the Income Tax Department during a raid on her Veda Nilayam house in Poes Garden, Chennai, in 1996, will be handed over to the Tamil Nadu government.

Senior counsel B V Acharya, who was the special public prosecutor in the disproportionate assets (DA) case told DH that the state government would hand over these seized assets to the Tamil Nadu government as the accused have been convicted.

On the other hand, the senior counsel said that the Tamil Nadu government has to reimburse the expenditure incurred by the Karnataka government to fight the DA case.

At present, these assets, which, at the time of confiscation were value at Rs 66 crore, are in the custody of the Karnataka government treasury. Then Special Court judge John Michael Cunha on January 7, 2014, ordered the assets to be transferred to Bengaluru from Chennai.

Assets include 21.28 kg of gold jewellery, diamonds worth Rs 2.10 lakh, 1,250 kg of silver articles, 10,500 saris, 750 pairs of slippers and 500 wine glasses.
DH News Service

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)