Was there money-printing machine in Majithia's home: Aman Arora

Indian Express

4 hours ago

Punjab AAP president Aman Arora Thursday said that justice for Punjab's three crore citizens, particularly families who have lost their children to the drug menace, has begun.
Speaking to the media, he said the vigilance FIR exposes significant financial irregularities involving Bikram Singh Majithia, revealing Rs 540 crore in unaccounted funds deposited into his companies. Of this, Rs 161 crore was deposited into accounts without proper documentation or accountability, while Rs 141 crore was funnelled through fake shell companies in violation of national laws. The investigation uncovers that these illicit funds were used to amass properties worth several hundred crores, raising questions about the source of this wealth and its links to unlawful activities.
Arora said that the unaccounted money was funnelled into businesses through shell companies. 'Was there a money-printing machine in Majithia's residence? Where did this wealth come from?' he questioned.
The FIR highlights a concerning pattern of financial manipulation beginning in 2007, marked by the incorporation of several companies under suspicious circumstances. Significantly, four companies were set up on a single day, April 9, 2009, with one more incorporated in January 2009 and another in July 2009.
Additionally, six subsidiaries were created under these primary companies, suggesting a deliberate effort to establish a complex web of entities. This coordinated activity raises serious doubts about the legitimacy of these businesses and their potential role in laundering illicit funds.
Arora questioned how Majithia's businesses grew exponentially within such a short span. He noted, 'These aren't the actions of legitimate business growth but a reflection of drug money being laundered into the economy.'
Arora criticised opposition parties for their apparent support of Majithia, accusing them of complicity in Punjab's drug crisis. He questioned former CM Charanjit Singh Channi's FIR against Majithia in 2021, suggesting it might have been a mere election gimmick with no real intent for justice.
Arora highlighted the BJP's interference in the 2014 ED investigation against Majithia, noting that the then deputy director of ED, Niranjan Singh, who was leading the probe, was abruptly transferred. 'This deliberate move stalled progress and shielded Majithia from accountability,' Arora stated, emphasising the BJP's role in derailing justice.
Furthermore, he called out the Akali Dal for betraying Sikh values, asserting that their tenure enabled the rampant drug trade that devastated countless lives in Punjab.