Court orders transfer of Jayalalithaa's gold & diamond jewellery to TN govt
Bengaluru (PTI): A special court in Bengaluru has directed the transfer of valuables seized from former Tamil Nadu Chief Minister late J Jayalalithaa to the government of the neighbouring State.
The Tamil Nadu Government will then take necessary action on the disposal of these gold and diamond jewellery which were part of the material evidence in the disproportionate assets case against Jayalalithaa and others.
The trial was held in Karnataka on the direction of the Supreme Court and therefore all material evidence is in the Karnataka treasury now under the custody of the court.
Judge H A Mohan presiding over the XXXII Additional City Civil & Sessions court passed the order on Monday.
The court had earlier held that the kins of Jayalalithaa were not entitled for the properties which are confiscated by the State. The Special CBI Court had thus rejected the petition filed by J Deepa and J Deepak, the niece and nephew of Jayalalithaa, respectively.
Ordering the transfer of the jewels to the Tamil Nadu Government, the Special Court judge said: "Instead of auctioning the jewels, it is better to transfer the same to Tamil Nadu by handing over the same through the Department of Home, State of Tamil Nadu."
The Court then issued the direction that the Tamil Nadu Home Department authorise "competent persons preferably in the rank of Secretary along with police to come and collect the jewels."
In the same order, the Special Court ordered the payment of Rs five crore to Karnataka for the expenses of the trial conducted in the State. The payment will be made from a fixed deposit in an account related to Jayalalithaa in the State Bank of India branch in Chennai.
The disproportionate assets trial against Jayalalithaa, her former close aide V Sasikala, V N Sudhakaran, who is the disowned foster son of Jayalalithaa, and Sasikala's sister-in-law J Ilavarasi was conducted by the Special Court in Bengaluru.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Shreyas Iyer becomes most expensive IPL buy at Rs 26.75 crore, goes to PBKS
Jeddah (Saudi Arabia) (PTI): India batter Shreyas Iyer became the most expensive player in the history of IPL as Punjab Kings broke the bank to buy him for Rs 26.75 crore in the tournament's mega auction here on Sunday.
Iyer surpassed the record held by Australian pacer Mitchell Starc, who was bought by Kolkata Knight Riders for Rs 24.75 crore in the last auction.
Among others, Left-arm seamer Arshdeep Singh's consistency earned him a massive bid of Rs 18 crore, also from Punjab Kings via the Right to Match card, while South African speedster Kagiso Rabada was bought for Rs 10.75 crore by Gujarat Titans.
Iyer, the former Kolkata Knight Riders captain, started with a base price of Rs two crore.
Delhi Capitals had the bid at Rs 26 crore for him but PBKS raised the amount to get the player.
Chennai Super Kings started with the first bid for Arshdeep, whose base price was also Rs two crore.
Eventually, after an intense bidding war, the seamer was bought back by Punjab, who exercised the right to match option to complete the deal, having released him earlier.
This is the second time an IPL auction is being held outside the country after last year's event in Dubai.
