Majithia under fire: SIT, Vigilance Bureau uncover massive drug money laundering worth Rs 540 cr
Chandigarh, June 25 -- Investigations by the Special Investigation Team (SIT), probing FIR No. 02 of 2021 registered at Police Station Punjab State Crime, along with the Vigilance Bureau, have revealed large-scale laundering of drug money, allegedly facilitated by SAD leader Bikram Singh Majithia.
In a statement on Wednesday, the Vigilance Bureau Punjab said that preliminary findings indicate that over Rs 540 crore of illicit funds have been laundered through multiple channels including unaccounted cash deposits of Rs 161 crore into bank accounts of companies controlled by Bikram Singh Majithia, channelization of Rs 141 crore through suspected foreign entities, excess deposits of Rs 236 crore without disclosure or explanation in company fin...
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