The Aryavarth Express
New Delhi: The Enforcement Directorate (ED) has seized five luxury cars, bank lockers, cash worth ₹17 lakh, and several incriminating documents and digital devices during search operations linked to UAE-based wanted criminal Inderjit Singh Yadav and his associates, the agency said on Monday.
The seizures followed coordinated searches conducted on December 26 and 27 at 10 locations across Delhi and Haryana’s Gurugram and Rohtak districts. The action is part of an ongoing money laundering probe under the Prevention of Money Laundering Act (PMLA), 2002, involving Inderjit Singh Yadav, his accomplices, Apollo Green Energy Ltd, and other associated entities.
According to the ED, the searches revealed that Inderjit had developed and operated a website used for facilitating loan settlements between corporate houses and private financiers. Investigators also found evidence suggesting that several movable and immovable assets were acquired in the names of Inderjit and his family members using proceeds of crime.
The ED initiated the probe based on 15 FIRs registered and charge sheets filed by the Haryana and Uttar Pradesh Police under provisions of the Arms Act, 1959, the Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code. In these cases, Inderjit—described as the owner and key controller of Gem Records Entertainment Pvt Ltd, operating as ‘Gems Tunes’—has been accused of involvement in serious criminal activities including murder, extortion, fraud, cheating, illegal land grabbing, coercive loan settlements, and other violent offences.
The agency said the money laundering investigation centres on illegal extortion, coercive recovery of private loans, use of armed intimidation, and commissions earned from such unlawful activities. Inderjit Singh Yadav is currently absconding, wanted in multiple cases by Haryana Police, and is allegedly operating from the UAE.
Investigators found that certain corporate houses allegedly borrowed large sums of cash from private financiers based in Dighal, Jhajjar, issuing post-dated cheques as security. The ED alleged that Inderjit acted as a strongman and enforcer in coercive settlements of these high-value loans, facilitating resolutions through threats, intimidation and the involvement of armed associates and organised crime syndicates, some operating from abroad.
The agency further claimed that Inderjit earned commissions running into hundreds of crores of rupees from these settlements. The proceeds were allegedly used to acquire luxury vehicles, real estate and maintain an extravagant lifestyle, while declaring minimal income in tax returns.
The investigation is ongoing, and further action is expected as the ED continues to trace assets and financial links connected to the alleged money laundering network.
