: I-T department attaches Sasikala’s property worth Rs 100 crore in disproportionate assets case #IndiaNEWS The Income Tax Department on Wednesday attached 3.52 acres of land owned by expelled All

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I-T department attaches Sasikala’s property worth Rs 100 crore in disproportionate assets case #IndiaNEWS
The Income Tax Department on Wednesday attached 3.52 acres of land owned by expelled All India Anna Dravida Munnetra Kazhagam leader VK Sasikala in a disproportionate assets case, reported The News Minute. The property, estimated to be worth Rs 100 crore, was attached under the Benami Property Transaction Act.The disproportionate assets case pertains to former Chief Minister late J Jayalalithaa, Sasikala and two of the expelled leader’s relatives amassing wealth of around Rs 65 crore, which were disproportionate to their known sources of income. A trial court in Karnataka had found them guilty in 2014 and ordered that the accused be jailed for four years and fined Rs 100 crore that can be recovered by seizing their properties. However, the Karnataka High Court in 2015 acquitted all four, arguing that the disproportionate assets amounted to less than 10% of the total income.Following Jayalalithaa’s death in 2016, the Supreme Court had upheld the Karnataka trial court’s order and Sasikala and two of her relatives – sister-in-law Ilavarasi and nephew Sudhakaran – were jailed for four years in February 2017. Sasikala was released from prison in February this year. According to the 2014 trial court order passed by former Judge Micheal Cunha, Jayalalithaa and Sasikala owned around 30 acres of land in Payyanur in...Read more

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