Chandigarh, June 26 || A day after his arrest by the Punjab Vigilance Bureau, a court in Mohali on Thursday sent Shiromani Akali Dal leader Bikram Singh Majithia to a seven-day vigilance remand for allegedly laundering more than Rs 540 crore of "drug money".
Public prosecutor Ferry Sofat told the media that it was brought to the notice of the court that Majithia allegedly "threatened" the vigilance team when it raided his residence.
The court sent Majithia to a seven-day vigilance remand, and he would now be produced before the court on July 2.
The bureau demanded a 12-day remand for the accused.
Sofat said Majithia's income of Rs 540 crore "remains undisclosed, and he could not provide any details about it. Saraya Industries (his company) acquired wealth and got Rs 161 crore cash deposited in bank accounts and Rs 141 crore through foreign entities. There is no explanation or legitimate source for it. A sum of Rs 236 crore has been credited to the accounts of Saraya for which there is no explanation in the financial statements".
Sofat said Majithia's wife, Ganieve Kaur, had also incorporated a firm with a seed capital of Rs 1 crore, earning a profit of around Rs 56 lakh in a year, but after that, there are no details of its operation.