Chennai, Sept. 2 :
Chennai, Sept. 2:
Riches keep tumbling out of Jayalalitha's treasure-trove. Vigilance authorities today announced that the former Tamil Nadu chief minister was the owner of two luxury hotels near London until two years ago.
A case under the Prevention of Corruption Act has been registered against the ADMK leader and T.T.V. Dinakaran, nephew of her confidante Sasikala, in connection with the multi-crore deal.
The Directorate of Vigilance and Anti-Corruption will file a case on Monday in a special court constituted to try Jayalalitha and her associates on corruption charges. The ADMK leader is already facing trial for alleged possession of unaccounted assets worth Rs 66.65 crore.
The vigilance authorities alleged that on Dinakaran's advice, a British solicitor N. Desai bought Hobbs Craft Hotel, worth Rs 55.20 crore. The other hotel, Slaley Hall was built on land purchased by Desai. Both properties are located on London's outskirts.
The transactions took place during Jayalalitha's tenure as chief minister from 1991-96, vigilance officials said.
The four-star Slaley Hall, with 139 luxury suites and a golf course over a 1000-acre land, is an impressive edifice and was valued at over Rs 193 crore, the officials added.
Both hotels were leased out and subsequently sold. The proceeds were invested in financial companies like Dervent.
Though it was Dinakaran who technically owned the hotels, the police argued that he had no independent sources of income and was acting as Jayalalitha's frontman in all the deals.
The investigators stumbled on the hotels in the course of an inquiry by the Enforcement Directorate into Dinakaran's overseas transactions.
Dinakaran came to Chennai from Mannargudi in Thanjavur district in 1988, after Sasikala had become an influential member of Jayalalitha's household. He was virtually penniless at that time and even his business ventures flopped.
Dinakaran subsequently floated numerous companies abroad and was fined a whopping Rs 31 crore for foreign exchange violations. During Narasimha Rao's regime, Dinakaran was booked under Cofeposa. He promptly went underground.
While the police pleaded inability to nab him, Dinakaran was seen sitting next to brother Sudhagaran at the famous wedding of 1995. Still he was not arrested.
He was finally taken into custody in February 1996 and remained behind bars for a year. By the time he came out, Sudhagaran had lost influence in the Jayalalitha coterie. Dinakaran became her most trusted aide after Sasikala.
His stock rose sharply as the law started catching up with Sasikala, throwing her career into jeopardy. He soon became the effective no. 2 in the ADMK and could be projected as the chief ministerial candidate if Jayalalitha is disqualified from contesting the next Assembly elections.
In last year's Lok Sabha polls, Dinakaran was fielded from a relatively safe constituency, Periakulam, displacing a senior leader like former Speaker Sedapatti R. Muthiah. He won comfortably.
Listing Dinakaran's investments, vigilance sources said he started 'Adventure Holdings' in Singapore and deposited money 'illegally acquired' by Jayalalitha. Later, he started two more companies there for the same purpose.