Bengaluru, May 13: A “glaring arithmetical error” by the Karnataka High Court in computing the loans taken from banks by AIADMK general secretary Jayalalithaa, her aides and their firms resulted in their acquittal, Special Public Prosecutor B.V. Acharya said on Tuesday.
The High Court had wrongly calculated the total amount of 10 loans taken by the accused and their firms from nationalised banks as Rs. 24.17 crore, though the actual sum was Rs. 10.67 crore. The court had included these loans in the income of the accused.
The error, he said, boosted their income by Rs. 18.17 crore. The court had deducted Rs. 5.99 crore, an amount accepted by the prosecution as known income, from the Rs. 24.17 crore. If the court had calculated the loan amount correctly, income would have risen by only Rs. 4.68 crore, Mr. Acharya said.
Therefore, the value of the “disproportionate assets” would have been Rs. 16.32 crore and not Rs. 2.82 crore, as concluded by the court. The total income would be Rs. 21.26 crore instead of Rs. 34.76 crore.The court had acquitted Ms. Jayalalithaa on the ground that the quantum was below 10 per cent of the total income, and this could be ignored as per a Supreme Court guideline.



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