Nation
Jayalalithaa sentenced to four years imprisonment in disproportionate assets case
Jayalalithaa, the AIADMK supremo now stands disqualified immediately from the Assembly and will have to step down as chief minister 
 

Tamil Nadu Chief Minister J Jayalalithaa on Saturday was sentenced to four year imprisonment and fined Rs100 crore in the 18-year-old disproportionate assets case. The verdict by a special court in Bangalore raises questions over her continuance on the post and the big question is who will head the government in the absence of Jayalalithaa. She ceases to be MLA and CM. She will go to jail tonight.

 

The conviction of the AIADMK supremo has come as a rude shock to the ruling party, casting a doubt over the 66 year-old leader’s political future ahead of the 2016 assembly polls.

 

Earlier in the day, Special Judge John Michael D'Cunha convicted Jayalalithaa in a case of owning assets to the tune Rs66.65 crore disproportionate to her known sources of income during 1991-96 when she became Tamil Nadu's chief minister for the first time. 
 
Jayalalithaa's close aide Sasikala Natarajan, her niece Ilavarasi and her nephew and the chief minister's disowned foster son Sudhakaran were also convicted. 
 
The verdict was delivered at a makeshift court in the Parappana Agrahara prison complex in the presence of Jayalalithaa and the other accused.
 
Soon after the court verdict, there were some cases of violent protests across Tamil Nadu and some parts of Karnataka. Several owners have closed their shops in Chennai with some of the private offices ‎asking their employees to leave early. Supporters of AIADMK pelted stones at the residences of BJP leader Subramanian Swamy and DMK chief M Karunanidhi following the verdict.
 
Jayalalithaa has earned the dubious distinction of becoming the first sitting Chief Minister in the country to be found guilty under the provisions of the Prevention of Corruption Act and faces the prospects of being disqualified as MLA and losing power.

While a pall of gloom descended at the AIADMK headquarters at Royapettah, with some angry workers burning effigies of DMK leaders, the archrivals celebrated Jayalalitha’s conviction with scores of DMK workers thronging the headquarters Arivalayam as well as Karunanidhi’s residence.

The special court’s verdict pronouncing their leader ’Amma’ (Mother, as she is addressed by supporters) guilty crushed the die-hard AIADMK supporters’ hope of her emerging unscathed in this case that was hanging over her head like the Damocles sword.

The case was transferred to Bangalore's Special Court in 2003 by the Supreme Court on a petition filed by DMK leader K Anbazhagan who had expressed doubts over conduct of fair trial with Jayalalithaa as Chief Minister. 
 
Appearing before the court four times, Jayalalithaa has answered 1,339 questions in closed door hearings during, which she has maintained that the case was "politically motivated" and "fabricated" at the instance of her rival DMK. 
 
The case was filed by Subramanian Swamy in 1996. She was arrested and jailed for some days after DMK came to power in the 1996 Tamil Nadu Assembly polls. 
 

She had to step down as Chief Minister in 2001 when Supreme Court observed that she cannot hold office, as she was earlier sentenced in two corruption cases in 2000, which, however, was set aside later.

Today’s verdict has come as a jolt to the ruling AIADMK as it had been enjoying a winning spree in all elections held since April 2011, when the party trounced DMK.

The party had put up a stellar performance in the Lok Sabha polls this year, winning 37 of the 39 states in the state, though its hopes of a pivot role in the Centre failed with the BJP mustering majority on its own.

However, there is no threat to the party government as AIADMK has a solid majority of 150 seats in the 234-member Assembly.

She had been acquitted in several other cases filed during the DMK regime.

After the apex court’s observation in 2001 that she cannot continue in office, Jayalalithaa had made her loyal aide and then not-so-known face O Panneerselvam as her successor to power.

After getting absolved of the charges in the Madras High Court, she had contested from Andipatti constituency and became the Chief Minister again in 2002.

Panneerselvam is also one of the names presently doing the rounds in AIADMK circles as one of the probables to take over as the next Chief Minister if Jayalalithaa has to resign.

The others being Transport Minister V Senthil Balaji and Electricity Minister Natham R Viswanathan and even former Chief Secretary and Consultant to the state government, Sheela Balakrishnan.

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COMMENTS

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

jaideep shirali

2 years ago

Amazing that we still have persons who support the corrupt, when to most citizens, corruption is this country's worst enemy. Jaya and other corrupt persons deserve the harshest punishment, not sympathy. The few crumbs thrown at the poor from government coffers came from the citizen's own pockets, not Jaya's. The 100 car official motorcades were also an insult to this country's poor. And just as the citizen cannot claim to be a "victim of political conspiracy", neither can the politician who is caught and sentenced. Whether we sentence any other politician is irrelevant, each corrupt politician should be treated as an enemy of this great nation and dealt with accordingly.

N Ramesh

2 years ago

Technically speaking, this is the only case in which Madam could have come out unscathed, by merely resorting to the legal tactics of 'admission of guilt', on account of which she would have merely paid some fine and penalty and thus avoided a harsh sentence !

But unfortunately she was wrongly and foolishly advised by a bunch of worthless Chartered Accountants and Senior Lawyers, including some so-called Legal Luminaries, who took a lot of money as fees from her all along and not only did a poor job but also misguided her all these years !

N Ramesh

REPLY

MOHAN

In Reply to N Ramesh 2 years ago

I agree !

Nifty, Sensex likely to rally – Weekly closing report
Nifty can rally till 8,100 as long as it does not go below the last week’s low of 7,841
 
The S&P BSE Sensex closed the week that ended on 26th September at 26,626 (down 464 points or 1.71%), while the NSE's CNX Nifty ended at 7,969 (down 153 points or 1.88%). Last week, we had mentioned that the Nifty may rally haltingly and it is likely that the index may cross 8,200 but may be brought down by selling.
 
As we had anticipated, the Indian market opened weak on Monday only to gather momentum by the end of the session, making the Nifty close in the positive for the fourth consecutive session. Nifty closed at 8,146 (up 25 points or 0.31%). One of the highlights of the day was the CBI telling a special court that it would not file further final reports for the time being in any coal blocks allocation scam case as the Supreme Court has restrained it from doing so.
 
The upmove came to a pause on Tuesday against what we anticipated on Monday. Nifty closed sharply at 8,018 (down 129 points or 1.58%). There was news of the Delhi government announcing up to 20% increase in circle rates. The circle rates are minimum rates below which a property cannot be registered. It forms the basis of stamp duty and registration charges for property.
 
The weakness on the bourse continued on Wednesday. Nifty closed at 8,002 (down 15 points or 0.19%). The Supreme Court scrapped all but four of the coal blocks allocated between 1993 and 2010, which the court had termed illegal earlier. The bench also directed the companies, which were allocated coal blocks but had not operationalised them, to pay compensation to the government for the loss of exchequer.
 
On Thursday, Nifty closed at 7,912 (down 91 points or 1.13%). The Cabinet Committee on Economic Affairs once again deferred a decision on revising gas prices. It has been deferred for a third time in view of next month's assembly elections in Maharashtra and Haryana.
 
Prime Minister Narendra Modi on Thursday launched the 'Make in India' campaign which is aimed at making the country a global manufacturing hub.
 
With the news on S&P raising the outlook for India on Friday, Nifty broke three days of negative move and closed at 7,969 (up 57 points or 0.72%). S&P raised the outlook for India to "BBB-minus" rating, back to "stable" from "negative". It also said it could raise India's rating if the growth in the economy reverted back to a real per capita gross domestic product of 5.5% per year, and if its fiscal, external and inflation metrics improve.
 
The Reserve Bank of India will undertake its fourth bi-monthly monetary policy review on 30 September 2014.
 
For the week, among the other indices on the NSE, the only top performer was FMCG (2%), while the worst two performers were Realty (9%) and Smallcap (7%).
 
Among the Nifty stocks, the top five gainers were ITC (3%); HCL Technologies (2%); ONGC (2%); Hindustan Unilever (2%) and Mahindra & Mahindra (1%), while the top five losers were Jindal Steel & Power (13%); BHEL (9%); PNB (9%); Tata Steel (7%) and Asian Paints (6%).
 
Of the 1,464 companies on the NSE, 197 companies closed in the green, 1,257 companies closed in the red while 10 companies closed flat.
 
Out of the 27 main sectors tracked by Moneylife, top five and the bottom five sectors for this week were:
 

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IIPM restrained from offering MBA, BBA courses, publishing advertisement

IPM and Arindam Chaudhuri are directed by Delhi HC not to offer MBA or BBA courses as well as refrain from publishing advertisement as management and business school

 

The Delhi High Court has asked Arindam Chaudhuri and his Indian Institute of Planning and Management (IIPM) not to offer management courses like Master in Business Administration (MBA) and Bachelor of Business Administration (BBA). The HC also restrained IIPM from publishing advertisements as a management and business institute.

 

The High Court also slapped a cost of Rs25,000 on IIPM for misleading students by claiming to be a B-school even though it is not recognised by any statutory body including All India Council for Technical Education (AICTE).

 

In the verdict, Chief Justice G Rohini and Justice Rajiv Sahai Endlaw, said, "IIPM admittedly does not have AICTE approval. It is thus not entitled to run a BBA or MBA course or to advertise itself as conducting any course or programme in management or to advertise itself as a management school or a business school or a B-school."

 

Chaudhuri and IIPM have been using full page advertisements in several newspapers in an effort to establish itself as premier management school. However, IIPM was never recognised by either AICTE or by University Grants Commission (UGC)

 

While asking Chaudhuri to prominently display on IIPM website that they are not recognised by any statutory body or authority to offer courses, the Bench said, "IIPM and its management or officials including its dean Arindam Chaudhuri are restrained with immediate effect from using the word 'MBA, BBA, management course, management school, business school or B-school' in relation to the courses or programmes being conducted by them or in relation to the representations if any made to the public."

 

Earlier in May 2014, the UGC issued a circular informing public at large and students that IIPM was not a a recognised university and cannot award MBA/BBA degrees. "As per Section 22 of the UGC Act, 1956, the IIPM does not have the right to conferring or granting degrees as specified by the UGC under Section 22 (3). It is further clarified for information that IIPM is neither entitled to award MBA/BBA. BCA degree nor it is recognised by UGC," the Commission said in an advertisement dated 18 May 2014.

 

However, interestingly, IIPM on its website claims that it has never applied to any body. Responding to questions about recognition by AICTE/UGC, the IIPM in its FAQ section says, "IIPM has never sought recognition from any statutory bodies and is proud of its world class course contents. Students bothered about statutory recognition of IIPMs programmes need not apply to IIPM."

 

The Arindam Chaudhuri-led institute also clarifies that it does offer MBA/BBA degrees. "The value of the IIPM certificate lies in the excellent course content and also placements that IIPM students get year after year and in the number of students who put their faith in the IIPM programme every year. However, students who do the IIPM programme in Planning and Entrepreneurship become eligible for a Post Graduate Degree in Management (comparable to MBA) / Graduate Degree in Management (comparable to BBA) from the International Management Institute in Brussels, Europe," IIPM says on its website.

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COMMENTS

Madhur Aggarwal

2 years ago

This IIPM has destroyed the lives of so many middle class and upcoming middle class families children who can not get admission In IIMS and lured into World class education fake propaganda.

Were regulatory bodies too weak to discontinue them.

You won;t believe me
- Th IIPM has published Full page ads in leading Newspapers of India- HT and TOI etc.
-SRK has been invited to give lecture in NOIDA campus.
- Almost entire class gets absorbed in IIPM and some people married themselves over there .

------------
Read
Chapter relating to IIPM
the beautiful and the damned siddhartha deb.

This is biggest crime committed in India according to me
Destroyed next generation of country .

T S SETHUPATHY

2 years ago

Therefore in a huge democratic country like India now huge advertising like IIPM is become punishable now onwards.People misleading or cheating through small scale advt is allowed? Please clarify...

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