Disproportionate Assets

Disproportionate Assets is a term used in India to describe a situation where an individual's net economic assets significantly exceed the assets he or she should possess after accounting for the assets that he or she previously held and all legal sources of income. Disproportionate assets cases are investigated by the CBI Central Bureau of Investigation and the Income Tax Department.

The concept is extensively used to initiate corruption investigations against public servants and elected politicians in India, and has been codified in several pieces of national- and state-level legislation, including the Prevention of Corruption Act, 1988.

On 29 September 2014, J Jayalalithaa, Chief Minister of Tamil Nadu, was convicted of disproportionate assets and was sentenced to jail for 4 years. This made Jayalalithaa the first chief minister in India to be removed from office due to corruption charges. She was later acquitted on 11 May 2015 by the Karnataka High Court.

External Links

http://nyaaya.in/law/84/the-prevention-of-corruption-act-1988/

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