ED Action: Officers stunned to see illegal earnings worth crores kept in a house in Delhi, cash worth ₹ 5.12 crore and jewelery worth ₹ 8.8 crore recovered, created panic
The Enforcement Directorate (ED) conducted a massive search operation during a raid at a premises in Delhi’s Sarvpriya Vihar in a major money laundering case. This action started from December 30, which is still continuing. During the search, huge amount of cash, expensive jewelery and many incriminating documents have been recovered. This entire action is being taken under the Prevention of Money Laundering Act (PMLA), 2002. According to officials, this is one of the biggest recoveries in recent times. According to officials, during the raid, a suitcase containing Rs 5.12 crore in cash and gold and diamond jewellery, estimated to be worth around Rs 8.80 crore, was recovered. Apart from this, a bag full of check books and documents related to properties worth about Rs 35 crore have also been seized. ED said that this action is still going on and further investigation of the case is going on.
This investigation of ED is going on against Inderjit Singh Yadav, his associates, Apollo Green Energy Limited and other persons and institutions associated with them. The investigating agency alleges that these people earned huge money through illegal means. Allegations like forced loan settlement through private financiers, extortion through threats and pressure have come to light. The money gained from these activities was hidden through money laundering. Illegal extortion, extortion and intimidation through weapons were used in this entire network. Pressure was put on the borrowers in collaboration with private financiers. In such cases huge commission was earned.
The Enforcement Directorate has started this investigation on the basis of more than 15 FIRs and charge sheets filed by Haryana Police and Uttar Pradesh Police. These cases are registered under various sections of the Arms Act 1959, Indian Judicial Code (BNS) 2023 and Indian Penal Code (IPC) 1860. The names of Inderjit Singh Yadav and his associates have come to light in all these cases.
In this raid, Rs 5.12 crore in cash (counting of which is ongoing), a suitcase filled with gold-diamond jewelery worth about Rs 8.80 crore and a bag full of documents and check books related to properties worth about Rs 35 crore have been recovered. ED has made it clear that this action is not over yet. Search is going on at many other locations also. This action taken on the illegal earning network of wanted criminal Yadav, operating from UAE, is being considered as a strong attack by ED.
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