38.6c New Delhi, India, Friday, March 29, 2024
Legal Insiders

V.K. Sasikala Claims Proprietorship Over Jayalalithaa’s Partnership Firms Including Kodanad Estate

By Lawstreet Bharat      26 December, 2019 02:12 PM      0 Comments
V.K. Sasikala Claims Proprietorship Over Jayalalithaa’s Partnership Firms Including Kodanad Estate

V.K. Sasikala, former Chief Minister Jayalalithaa’s close aide on December 25, 2019 has claimed to have become the proprietrix of all their joint partnership firms, including the Kodanad Estate saying that the partnership got dissolved when the AIADMK leader died on December 5, 2016. After Jayalalithaa’s death, which is also when the Income Tax Department started conducting searches into amma’s properties, Sasikala claims to have carried out the business of the firms in the capacity of a proprietary owner.

V.K. Sasikala was serving time in Karnatak prison on account of her conviction in February 2017 in the disproportionate assets case. When she came out from the prison on a five day parole a raid was conducted by the IT department which led to the discovery of documents showing transactions worth Rs. 1900 crores in demonetized notes. Sasikala denied having any knowledge of the aforementioned transactions.

Reportedly, the Kodanad estate was owned by Peter Jones for twenty years after being forcefully acquired by the late Chief Minister and her crony. India today in the news report from May 2017 published the views of the previous owner Jones who claims to file a petition to re-acquire his property. Apparently, the property was sold at a meagre price of Rs. 7.5 crore. Jones revealed that the sale was not registered but the property was sold under a benami transaction. Benami transactions in India are prohibited by the Benami Transactions (Prohibition) Act, 1988



Share this article:



Leave a feedback about this
TRENDING NEWS

arvind-kejriwals-plea-for-interim-release-rejected-by-delhi-high-court
Trending Judiciary
Arvind Kejriwal's plea for interim release rejected by Delhi High Court [Read Order]

Delhi High Court rejects Arvind Kejriwal's plea for interim release in money laundering case related to liquor policy scam, pending ED's response.

28 March, 2024 10:50 AM
youtuber-strings-plea-against-youtube-accounts-suspension-andhra-pradesh-hc-issues-notice-to-centre-google
Trending Top Stories
BREAKING: Youtuber String’s plea against Youtube accounts suspension: Andhra Pradesh HC issues notice to Centre, Google

Andhra Pradesh High Court issues notice to the Centre and Google LLC on Youtube journalist String’s plea against suspension of its accounts by Google (which owns Youtube).

28 March, 2024 11:26 AM

TOP STORIES

delhi-liquor-scam-court-remands-arvind-kejriwal-to-ed-custody-till-march-28-read-remand-application
Trending Judiciary
Delhi liquor scam: Court remands Arvind Kejriwal to ED custody till March 28 [Read Order]

Delhi liquor scam: Arvind Kejriwal remanded to ED custody till March 28. Court grants agency permission for interrogation in liquor policy case.

23 March, 2024 11:53 AM
sc-dismisses-centres-plea-for-review-of-judgment-directing-ed-to-furnish-written-grounds-of-arrest-to-pmla-accused
Trending Judiciary
SC dismisses Centre’s plea for review of judgment directing ED to furnish written grounds of arrest to PMLA accused [Read Order]

Supreme Court dismisses Centre's plea, upholds judgment mandating Enforcement Directorate to provide written grounds of arrest in PMLA cases.

23 March, 2024 03:14 PM
kerala-hc-to-hear-lesbian-couples-plea-against-forced-conversion-therapy-on-april-9
Trending Judiciary
Kerala HC to hear lesbian couple’s plea against forced conversion therapy on April 9

Kerala HC will hear a lesbian couple’s plea highlighting that one of them was subjected to forced conversion therapy.

23 March, 2024 03:30 PM
how-can-people-be-compelled-to-vote-madras-hc-asks
Trending Judiciary
“How can people be compelled to vote? Madras HC asks

“How can people be compelled to vote?”, the Madras HC queried in a plea asking employers in Tamil Nadu to demand proof from employees of having voted on polling day.

23 March, 2024 05:04 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email