Mohali, 25 June — The Punjab Vigilance Bureau on Wednesday claimed that former minister and senior Akali Dal leader Bikram Singh Majithia accumulated assets worth ₹540 crore through drug-related money-laundering. The bureau made the assertion following his arrest earlier in the day based on findings from a Special Investigation Team (SIT) probing a 2021 FIR.
According to an official statement, the SIT uncovered “substantial evidence” suggesting Majithia laundered massive amounts of drug money during his tenure as a public servant, MLA, and cabinet minister, funneling funds into companies and assets registered in his name and that of his wife, Majitha MLA Genieve Kaur.
“This is the first time a state agency has traced the financial trail of drug proceeds linked to Majithia,” said a Vigilance Bureau spokesperson. “Our preliminary investigation reveals unexplained transactions, including foreign remittances, cash deposits, and property acquisitions, all disproportionate to his known sources of income.”
The investigation details include:
- ₹161 crore in unaccounted cash deposited in companies controlled by Majithia
- ₹141 crore routed through suspected foreign entities
- ₹236 crore in unexplained deposits in company statements
- Acquisition of movable and immovable assets without documented income
The bureau also alleged that Saraya Industries was used as a channel for laundering drug money, facilitated by Majithia’s political influence. Raids conducted at three sites involving 22 individuals led to the seizure of over 30 mobile phones, five laptops, multiple diaries, iPads, desktops, and key financial records tied to the case.
Majithia, who has faced allegations since 2014 when drug kingpin Jagdish Bhola named him in a major narcotics case, will be produced before a Mohali court on Thursday. This is the first instance in which investigators have directly linked him to money-laundering of alleged drug proceeds.
