Bengaluru, May 5: Karnataka on May 5 told the Supreme Court that the transactions made by J Jayalalithaa and others in the form of cheques are completely illegal. The submission was made by special public prosecutor B V Acharya before a Bench comprising Justices P C Ghose and Amitava Roy.
Acharya who is filing his rejoinder in the J Jayalalithaa disproportinate asstes case also sought more time till Tuesday to conclude his arguments.The court will resume hearing on the matter on Tuesday,May 5.
Acharya stated that Jayalalithaa and others made transactions through cheques to make it look legal. However these transactions are entirely legal. We have evidence for it and even submitted the same before the trial court which had appreciated it he said.
Further Acharya also brought to the notice of the court about the companies and the trnasactions. He said that these companies were floated with a specific intention of carrying out illegal transactions. Every transaction made through these companies were illegal and we have demonstrated that several times, Acharya also added.
Acharya argued that there is a clear trail that shows Jayalalithaa transferring money in the form of gifts to Sasikala Natrajan. After this transfer was done, she got the same back as debts and showed it as lawful income.
Further Acharya also argued that companies had been floated on behalf of Sasikala Natrajan and others. This was done with the sole purpose of converting unlawful income into lawful income, Acharya also submitted to the Supreme Court.