Assets case: Anbazhagan files rejoinder in Supreme Court

“The High Court has committed gross mathematical miscalculation of loans received by the accused from nationalised banks for calculation of disproportionate assets”.

DMK leader K. Anbazhagan on Wednesday said in the Supreme Court that the Karnataka High Court committed “gross error” in calculating the alleged disproportionate assets of Chief Minister Jayalalithaa and sought reversal of the verdict of acquittal

In a rejoinder filed in the disproportionate assets case, Mr. Anbazhagan supported the Karnataka government's appeal against its High Court verdict to acquit Ms. Jayalalithaa and three co-accused in the wealth case, saying the disproportionate assets were beyond the permissible limit of 10 per cent.

“The High Court has committed gross mathematical miscalculation of loans received by the accused from nationalised banks for calculation of disproportionate assets which has vitiated the entire findings of the High Court, consequentially rendering the judgment of acquittal bad in law,” Mr. Anbazhagan, through counsel V.G. Pragasam, said.

He contended that the “allegation that the findings given in the case in this regard are clear and specific without leaving any doubt about the decision is totally wrong and the respondent is glossing over the gross calculation error going to the root of the case”.

“Similarly, the High Court has grossly erred in taking into consideration the entire sanctioned loan amounts as income, without considering the actual amount availed as loan as well as the repayment of loans,” the 39-page affidavit alleged.

The Supreme Court on July 27 had issued notice to Ms.Jayalalithaa and three others on appeals filed against the Karnataka High Court judgment.