HAS a part of the graft money accumulated by Jayalalitha and Sasikala made its way to the Cayman Islands? Investigating officials suspect that monies were being funnelled out through the hawala network. Sources who were once close to Sasikala speak of two substantial transactions in the Canary Islands in June and July 1995. Rs 48.5 crore was allegedly deposited in the first month and Rs 120 crore in the following month.The money was invested through Shaw Murphy Pvt Ltd, a Cayman Islands-based portfolio management firm and the money was deposited for six months.