The Enforcement Directorate on Monday said it has seized five luxury vehicles, bank lockers, ₹17 lakh in cash, along with incriminating documents, digital devices and electronic data linked to UAE-based wanted criminal Inderjit Singh Yadav and his associates.
The action followed an extensive search operation carried out on December 26 and 27 at 10 locations across Delhi and Haryana’s Gurugram and Rohtak in connection with an ongoing money laundering investigation against Inderjit, his accomplices, Apollo Green Energy Ltd, and other related entities under the Prevention of Money Laundering Act (PMLA), 2002.
ED Probes Illegal Loan Settlements
ED said the searches also uncovered that a website was developed and operated by Inderjit for loan settlement between corporate houses and private financers.
Further, during the search operation, ED said, it was revealed that various movable and immovable assets were acquired in the name of Inderjit and his family members from the Proceeds of Crime.
As per the agency, ED initiated an investigation against Inderjit based on 15 FIRs registered and chargesheets filed by Haryana and Uttar Pradesh Police under various Sections of the Arms Act, 1959, Bharatiya Nyaya Sanhita (BNS), 2023 and the Indian Penal Code, 1860. In the FIRs, it has been alleged that Inderjeet, owner and key controller of Gem Records Entertainment Pvt Ltd (operating as ‘Gems Tunes’), is a known strongman involved in criminal activities like murder, extortion, coercive settlements of loans given by private financers, fraud, cheating, illegal land grabbing, and violent offences.
Inderjit Earned Crores Through Coercive Loan Settlements
The agency said the money laundering investigation has been initiated in connection with Inderjit’s illegal extortion, coercive loan settlement of Private Financers, arms intimidation and earning commission from such illegal activities.
“Inderjit Singh Yadav is wanted in various cases of the Haryana Police and is currently absconding and operating from the UAE,” said the ED.
ED investigation revealed that “certain corporate houses allegedly borrowed huge sums of money in cash from Dighal, Jhajjar-based private financers and issue post-dated cheques as security. “
“Investigation also revealed that Inderjeet Singh Yadav acted as a strongman and enforcer, facilitating coercive settlement of these high-value private loan transactions and financial disputes running into hundreds of crores of rupees. These settlements were allegedly executed through threats, intimidation and the use of armed associates and local armed gangs with the involvement of organised crime syndicates operating from abroad.”
In this process of settlement, the federal agency said, Inderjit allegedly “earned hundreds of crores as commissions from these corporates.”
“The income so generated by Inderjit Singh Yadav from these fraudulent ways running into crores was allegedly used for acquisition of immovable properties, luxury cars and maintaining luxurious life while declaring minimum income tax returns,” it added.
(Inputs from ANI)
Manisha Chauhan is a passionate journalist with 3 years of experience in the media industry, covering everything from trending entertainment buzz and celebrity spotlights to thought-provoking book reviews and practical health tips. Known for blending fresh perspectives with reader-friendly writing, she creates content that informs, entertains, and inspires. When she’s not chasing the next viral story, you’ll find her diving into a good book or exploring new wellness trends.
