Money for party daily moved to other accounts

October 01, 2014 02:23 am | Updated November 28, 2021 07:39 am IST - BANGALORE:

The Judge, quoting evidence, says that the money deposited in the account of ‘Namathu MGR’ were transferred to other accounts, including one started by Ms. Sasikala as the proprietor of a company called ‘Metal King Company’.

Such transactions “fortify the case of the prosecution that the unaccounted and undisclosed funds credited into the accounts of Namadhu MGR were diverted to accounts of firms in which the other accused in the case were partners,” the judgment says.

Though Ms. Jayalalithaa had executed a ‘Power of Attorney (POA)’ in favour of Ms. Sasikala in 1992 and taken a defence that she was a dormant partner in Jaya Publications, unaware of the transactions, Mr. Cunha, at a later stage in the judgement, says the circumstance of the POA indicated that, with a view to keep herself away from legal complications, Ms. Jayalalithaa executed the POA, knowing fully well that with the power Ms. Sasikala will be dealing with her (Jayalalithaa’s) funds. credited to her account in Jaya Publications.

“..it is proved in evidence that substantial funds accumulated by A1 (Jayalalithaa) were credited to the accounts of Jaya Publications and from the said account it was diverted to the other accounts and ultimately was utilised for the acquisition of huge assets,” the judgment says.

The accused had produced before the court original subscription applications said to have been submitted by 9000 subscribers in 19 volumes and have examined as many as 31 witnesses in proof of the said applications. But curiously before the IT authorities even as late as 2001, the accused appeared to have given an explanation for non-production of application forms, counterfoils of receipts etc, by claiming that the originals kept in a vehicle parked in front of a hotel went missing and that a complaint was lodged in this regard.

Interestingly, the copy of the complaint too is not forthcoming and even this explanation has been believed by the Income Tax department.

Surprisingly, the accused themselves have got the original application forms summouned from the income tax department in the year 2012. All witnesses examined by the accused to support their claims were partymen tutored.

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