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K'TAKA COURT DECIDES TO TRANSFER JAYALALITHAA'S JEWELS TO TN GOVT IN EARLY MARCH
The Daily Guardian
|February 21, 2024
A Bengaluru special court has said that 27 kg of gold and diamond jewelry, which serves as part of the material evidence in the disproportionate assets case against the late former Tamil Nadu Chief Minister J Jayalalithaa and others, will be transferred to the neighboring state’s government on March 6 and 7.
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This move clears the path for unlocking the value of the assets to mobilize the Rs 100 crore fine imposed on her. While 20 kg of the jewelry could be sold or auctioned, the remaining portion was exempted by the Court due to the fact that the late Jayalalithaa inherited them from her mother.
Judge H A Mohan, presiding over the Additional City Civil & Sessions court, had previously ordered the transfer of valuables seized from Jayalalithaa to the Tamil Nadu government. The Tamil Nadu government will then take necessary action for the disposal of these gold and diamond jewels.
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