Court granted 7 days of police remand: Public Prosecutor on arrest of SAD leader Bikram Singh Majithia

ANI

Mohali (Punjab), June 26, 2025 (ANI): Public Prosecutor on June 26 said that court has granted 7 days of police remand to Shiromani Akali Dal (SAD) leader Bikram Singh Majithia. Notably, Punjab Vigilance Bureau on June 25 arrested Shiromani Akali Dal leader Bikram Singh Majithia for allegedly laundering more than Rs 540 crore of alleged “drug money”. “... When he became a minister in 2007, his company - Saraya Industries, operating since the 1950s under his grandfather and father - saw a sudden surge of 200% to 300% in cash deposits... This resulted in an unexplained difference of Rs 161 crore, not accounted for in any balance sheet... During his second term as a minister in 2012-13, the company deposited Rs 1342 crore while the official records showed only Rs 1106 crore, leaving an unaccounted difference of Rs 236 crores. Loan received from a foreign country was either not returned, or a one-time settlement was done with a profitable company... Discrepancies of Rs 1.5 crore were found in personal assets, all totalling to Rs 540 crore... Additionally, the court was informed that he had been threatening investigation officers during his arrest and this was captured in the video evidence... Therefore, the court granted 7 days of police remand... This is a fresh case of disproportionate assets that emerged during an SIT-led investigation...,” said Public Prosecutor.

Transcript

00:00Alert over 24 hours, there was a him to do what was going to.

00:04Then the Coed was remont.

00:07There was no difference within our application and arguments.

00:10The details of 540 crore and illicit transactions were told.

00:17The Constance itself was on details and on the code came.

00:23That the facts were 540 crore and on how they were saying.

00:27So, this is the most important thing, which was divided into 4 parts, 540 crores.

00:33In 2007, when it became a minister, it was registered in 1980,

00:40and in 1950-1960, this company was running its own home.

00:45It was his father's father's father's director.

00:50So, in 2007, after 9 years,

00:55when it became a minister, it was immediately 200-300% cash deposit.

01:00So, when the bank statements were checked,

01:03the total cash deposit was 286 crores.

01:07When the bank account statements were found,

01:14the total difference was 161 crores.

01:21So, the difference was unexplained.

01:23It was not explained.

01:24It was no balance sheet.

01:26It was in 2007-2009.

01:29Then, in 2012-2013,

01:31when it became a minister,

01:33there was a spike in the company.

01:36So, the total deposit was 1342 crores,

01:40when the company record was 116 crores.

01:43So, around 236 crores,

01:45the difference was around 236 crores.

01:46So, when it comes to foreign companies,

01:49there is a loan,

01:51or if it comes to one-time settlement,

01:53or if it comes to one-time settlement,

01:54the company has a profit,

01:55the company has a one-time settlement.

01:56So, it was 141 crores.

01:59So, the difference was around 540 crores,

02:03and the difference was around 5.5 crores.

02:08So, the difference was around 5.5 crores.

02:10So, it was about 540 crores.

02:12So, the difference was around 540 crores.

02:14And then, you can tell me that

02:16how they are threatening.

02:19foreign

02:33foreign

02:37foreign

02:41foreign

02:45foreign

02:49So when they saw their accounts, all the money trials were released on the basis of the

02:58basis.

02:59When they had a proper charge and had a report, when they had a disproportionate

03:05case, they sent a report to the Vigilance Department and the base of the F.I.

03:10I love you.

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