SIT Probe Reveals ₹540 Crore Drug Money Laundered by Bikram Singh Majithia: Vigilance Bureau

By A Staff Reporter

Chandigarh: In a major breakthrough, the Special Investigation Team (SIT) of the Punjab Vigilance Bureau has uncovered large-scale money laundering operations allegedly facilitated by senior Shiromani Akali Dal leader and former minister Bikram Singh Majithia. The findings stem from an FIR registered at the Punjab State Crime and Vigilance Bureau Police Station and point to systematic laundering of drug proceeds totaling over ₹540 crore.

According to a statement released by the Vigilance Bureau, the laundering involved multiple sophisticated methods aimed at concealing the origin and flow of illegal funds. Investigators found that over ₹161 crore in unaccounted cash was deposited into the bank accounts of various companies reportedly controlled by Majithia. Additionally, ₹141 crore was channeled through suspected foreign entities under opaque arrangements, raising further red flags.

Another ₹236 crore was allegedly deposited in company accounts without disclosure in audited financial statements, suggesting deliberate concealment. Investigators also uncovered instances of Majithia acquiring both movable and immovable assets without any declared or legitimate sources of income, further corroborating the laundering allegations.