Since she has been sentenced to a term of more than three years, the Chief Minister has been taken to jail and she can apply for bail only from Karnataka High Court.
The 66-year-old AIADMK supremo has also been slapped with a fine of Rs 100 crore, highest imposed on any politician, by a special judge John Michael D'Cunha who heard the case of Rs 66.65 crore disproportionate assets acquired during her first term as Chief Minister between 1991 and 1996.
The conviction also evoked sporadic violence in Tamil Nadu where public vehicles were attacked and shops closed.
The Directorate of Vigilance and Anti-corruption had filed a charge sheet in the case which was transferred to the court here in 2003.
The court also convicted three others--Jayalalithaa's close friend Sasikala, Sasikala's niece Ilavarasi and her nephew and Chief Minister's disowned foster son Sudhakaran --and sentenced them to four years of jail term.
Under a Supreme Court judgment of July last year, any MP or MLA who is convicted of a crime with more than two-years sentence will be disqualified as an elected representative from the date of conviction.
Unless the conviction is stayed or overturned by a superior court, she will be disqualified under the Representation of the People Act from contesting elections for a period of 10 years--four years from the date of conviction and six years thereafter.
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