Jayalalitha acquitted by Karnataka High Court in assets case
The verdict came as a big relief to the AIADMK supremo and a set back to her opposition. Celebrations by her supporters followed outside the residence of Jayalalithaa in Chennai.
Jayalalitha, the head of the ruling AIADMK in Tamil Nadu, was found by a trial court in September last year guilty of accumulating assets worth Rs. 54 crore disproportionate to her known sources of income during her tenure.
The court had sentenced her to four years in jail and fined her Rs. 100 crore.
She has been on bail for eight months.
As a result of the earlier verdict she was also disqualified as a lawmaker and had to step down as chief minister.
Jayalalitha can now return to become chief minister again. If the conviction was upheld, she would have to go to jail.
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