Archive · 28 Jun 2025
Badal Dares CM to Prove Majithia's Foreign Funding
A politician is accused of helping to launder money from drugs, but he says the government is lying and doing it to get back at him.
The investigation found that a lot of money moved through his company.
The politician says his company did get money from other countries, but the government said it was all okay and followed all the rules.
The politician says the government is just making it up.
Sukhbir Singh Badal challenges Punjab CM to prove foreign funding of Saraya Industries by Bikram Singh Majithia.
The Vigilance Bureau alleges Rs 540 crore in drug money was laundered via channels facilitated by Majithia.
Badal refutes claims, stating the only foreign funding was in 2006 with clearance from RBI and FIPB.
Badal accuses the government of political vendetta and registering a case without proper investigation.
Badal also criticized the methods used by the Vigilance Bureau.
- Who
- Sukhbir Singh Badal, Bhagwant Mann, Bikram Singh Majithia.
- What
- Shiromani Akali Dal President Sukhbir Singh Badal challenged Punjab CM Bhagwant Mann to prove foreign funding allegations against Bikram Singh Majithia.
- When
- The challenge was made on Saturday, June 28.
- Where
- Chandigarh, Punjab.
- Why
- To defend Bikram Singh Majithia against accusations of money laundering and challenge the investigation by the Punjab Vigilance Bureau.
Government's Allegations
Akali Dal's Defense
Financial Transactions
Government's Allegations
The Vigilance Bureau claims substantial drug money was laundered through channels allegedly facilitated by Majithia.
Akali Dal's Defense
The foreign funding received by Saraya Industries was done after due clearance from RBI and approval of the FIPB.
Investigation
Government's Allegations
The government is using the case to target Majithia.
Akali Dal's Defense
The case has been registered after an appropriate amount of investigation.
- Accused
- Bikram Singh Majithia
- Alleged crime
- Money laundering, drug money
- Alleged Amount
- Rs 540 crore
- Challenger
- Sukhbir Singh Badal
- Company Involved
- Saraya Industries
- Foreign Funding Claimed
- Clearwater Corporation in 2006
