Chandigarh, Dec. 5 -- The Punjab and Haryana high court on Thursday dismissed the bail plea of Shiromani Akali Dal leader Bikram Singh Majithia in a disproportionate assets (DA) case registered by the state vigilance bureau on June 25 on allegations of laundering Rs.540 crore of drug money.

However, the bench of justice Tribhuvan Dahiya directed Punjab police to complete the investigation within three months and said Majithia can apply for bail thereafter.

"The petitioner is one of the prominent political figures in Punjab, and has been a cabinet minister for over seven years. The investigating agency has cited about 20 material witnesses, who have been termed vulnerable. In case, the petitioner is to be released from custody at this st...