Acquitting Jayalalithaa and three others of "all the charges levelled against them", the single bench judge Justice C R Kumaraswamy set aside the trial court's conviction, allowing the criminal appeals filed by the four convicts.
In his 919-page judgement, Justice Kumaraswamy also quashed the order of the trial court relating to confiscation of the properties both movable and immovable.
On disproportionate assets, the judge held that "it is relatively small. In the instant case, the disproportionate asset is less than 10 per cent and it is within permissible limit."
"Therefore, the accused are entitled to acquittal. When the principal accused (Jayalalithaa) has been acquitted, the other accused, who have played a lesser role, are also entitled to acquittal," the court said.
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