According PTI, the court convicted Jayalalithaa in the 18-year-old case. She will be disqualified as an MLA for 6 years and is likely to go to prison for 2 years. Quantum of sentence will be announced later, reports suggested.
She along with her aide Sasikala are charged with accumulating Rs 66 crore wealth disproportionate to known sources of her income from 1991-96 in her first term as Chief Minister.
Tamil Nadu and Karnataka have been put on high alert keeping a close watch on the situation fearing violent protests. Vehicular movement has been stopped between the two states.
DMK supporters began celebrations in Chennai even before the court announced its verdict.
Twitter was abuzz with the news and some even tweeted about the court hearing as it was being read:
Jaya guilty under all charges. Sources say four years jail for her. What next in TN— Lakshmi Subramanian (@lakhinathan) September 27, 2014
Amma disqualified. Jaya and three others including sasikala convicted— Lakshmi Subramanian (@lakhinathan) September 27, 2014
But let us all wait till 4pm for d final announcement in jaya verdict. Quantum of sentence yet 2 b pronounced.— Lakshmi Subramanian (@lakhinathan) September 27, 2014