ED took action against wanted criminal Inderjeet Yadav, operating from UAE, under money laundering charges. During searches in Delhi-Gurugram, 5 luxury cars, Rs 17 lakh cash were seized. 15 FIRs are registered against Yadav for crimes like murder and extortion.
New Delhi: ED on Monday seized 5 luxury cars, bank locker, Rs 17 lakh cash, many objectionable documents, digital devices and digital data belonging to wanted criminal Inderjit Singh Yadav and his associates sitting in UAE. The seizure followed a major search conducted at 10 locations in Delhi, Gurugram and Rohtak on December 26-27. This action was taken under the Prevention of Money Laundering Act (PMLA), 2002 in the ongoing money laundering case against Inderjeet, his associates, Apollo Green Energy Limited and other related entities.
ED said- During the search, it was also revealed that Inderjeet had also created and was operating a website for loan settlement between corporate houses and private financiers. With the proceeds of crime, several movable and immovable properties were purchased in the name of Inderjeet and his family members.
According to the agency, ED started investigation on the basis of 15 FIRs and charge sheets filed against Inderjeet by Haryana and Uttar Pradesh Police. These cases are registered under different sections of the Arms Act, 1959, Indian Code of Justice (BNS), 2023 and Indian Penal Code, 1860. The FIR alleges that Inderjeet, the owner and chief controller of Gem Records Entertainment Private Limited (which operates under the name ‘Gems Tunes’), is a well-known muscleman, who is involved in criminal activities like murder, extortion, forced settlement of loans of private financiers, fraud, swindling, illegal land grabbing and violent crimes.
The agency said that a money laundering investigation has been initiated in connection with Inderjit’s illegal extortion, forced settlement of loans from private financiers, issuing threats at gunpoint and earning commission from such illegal activities. Inderjit Singh Yadav is wanted in several cases by Haryana Police and is currently absconding and operating from UAE.
The investigation also revealed that Inderjit Singh Yadav acted as a muscleman and enforcer who got these high-value private loan transactions and financial disputes worth hundreds of crores of rupees forcibly settled. These settlements were allegedly carried out through threats, intimidation, and the use of armed associates and local armed gangs with the assistance of organized crime syndicates operating from abroad. In the process of this settlement, Inderjit allegedly “earned hundreds of crores of rupees as commission from these corporates.” It further said, “This income, earned in crores by Inderjit Singh Yadav through these fraudulent means, was allegedly used to buy immovable properties, luxury cars and live a luxurious life, while he was declaring minimum income tax returns.”