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Tuesday , 23 October 2018
Breaking News

Jayalalithaa assets case – Confiscation of properties begins

After the Supreme Court upheld the judgement against the disproportionate assets case in February 2017 against the former CM of Tamilnadu late J Jayalalithaa and her aides, the Tamil Nadu government has quietly initiated the process of confiscating properties attached in this case.

There are some 68 properties registered in the name of 6 firms owned by AIADMK spread over Chennai, Kancheepuram and Tiruvallur districts whose possession will be taken over the local district authorities since the notification for the same has been issued to the respective district collectors after they received letters from Directorate of Vigilance and Anti-Corruption(DVAC) where a copy has been marked to State Vigilance Commissioner.

Out of some 128 properties which were initially attached, the trial court has ordered for the confiscation of just 68 properties and the lands which is spread over six districts is believed to be worth hundreds of crores.

 

Revenue officials have been notified not to act on any transaction on these identified properties. The guideline values were based on the case dating back to 20 years but at the current market prices, these properties are far more worth than the original value.

The case pertains to the disproportionate assets worth Rs.66.65 crores which is reality is just a pinch of salt in the vast ocean of properties amassed.

 

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