ED Cracks Down on UAE-Based Fugitive
Luxury cars, cash and lockers seized in money-laundering probe against Inderjit Yadav
- ED seizes five luxury cars, cash and digital evidence in multi-state raids
- Searches conducted across Delhi, Gurugram and Rohtak
- Inderjit Yadav wanted in several criminal and extortion cases
- Probe linked to illegal loan settlements and organised crime
GG News Bureau
New Delhi, 29th Dec: The Enforcement Directorate (ED) on Monday said it has seized five luxury cars, bank lockers, ₹17 lakh in cash, digital devices and incriminating documents linked to UAE-based fugitive Inderjit Singh Yadav and his associates in a major money-laundering probe.
The seizures followed extensive search operations conducted on December 26 and 27 at 10 locations in Delhi, Gurugram and Rohtak in connection with an investigation under the Prevention of Money Laundering Act (PMLA), 2002, involving Yadav, Apollo Green Energy Ltd and other related entities.
The ED said it found evidence of a website developed and operated by Yadav for facilitating coercive loan settlements between corporate houses and private financiers. The agency also revealed that movable and immovable assets were allegedly acquired in the names of Yadav and his family members using proceeds of crime.
The investigation was initiated based on 15 FIRs registered by Haryana and Uttar Pradesh Police under various provisions of the Arms Act, Bharatiya Nyaya Sanhita and the Indian Penal Code. Yadav, owner and controller of Gem Records Entertainment Pvt Ltd, is accused of being involved in crimes including murder, extortion, coercive loan settlements, cheating, illegal land grabbing and violent offences.
According to the ED, several corporate houses had allegedly borrowed large cash sums from private financiers and issued post-dated cheques as security. Yadav is accused of acting as an enforcer to coerce settlements of such loans through intimidation, threats and armed associates, earning commissions running into hundreds of crores.
“Inderjit Singh Yadav is currently absconding and operating from the UAE,” the agency said, adding that the proceeds from these illegal activities were allegedly used to acquire properties and luxury vehicles while declaring minimal income tax returns.
