Vigilance arrests Majithia’s aide Gulati in money laundering case

The Vigilance Bureau on Sunday evening announced the arrest of Harpreet Singh Gulati, a liquor trader and close aide of Akali leader Bikram Singh Majithia.

A spokesperson for the bureau said the arrest was made in connection with the ongoing probe into the alleged drug money laundering allegations against the Akali leader, who is currently in the jail. He said the probe revealed Majithia acquired properties in Shimla and Delhi through Gulati via transfer of money through liquor firms Akash Spriti, UV Enterprises and AD Enterprises.

“Till now, around Rs 10-crore transactions related to the companies linked to Majithia have surfaced. The probe has revealed that these transactions were non-commercial in nature, unrelated to any legitimate business dealing, and routed in the form of unsecured fund transfers/layered advances, without any business rationale, justification,” he added. Gulati was arrested from Mohali and a local court sent him to six-day police remand. The bureau registered a disproportionate assets case against Majithia on June 25, alleging that he had amassed assets worth around Rs 540 crore through laundering of drug money and benami transactions.