ED raids 10 locations in Delhi-NCR: Illegal earnings worth crores related to Inderjit Yadav revealed

Gurugram/New Delhi. The Gurugram zonal office of the Enforcement Directorate (ED) conducted a massive search operation at a total of ten locations in Delhi, Gurugram and Rohtak on December 26-27. This action was taken in the money laundering case registered against Inderjit Singh Yadav, his associate Apollo Green Energy Limited and other related institutions and individuals.

The investigation is being conducted under the Prevention of Money Laundering Act (PMLA), 2002, which relates to illegal extortion by Inderjit Singh Yadav, forced loan settlements of private financiers, intimidation by force of arms and earning commission from such illegal activities. ED has started this investigation on the basis of more than 15 FIRs and chargesheets filed by Haryana and Uttar Pradesh Police.

These cases have been registered under various sections of the Arms Act, 1959, Indian Code of Justice (BNS), 2023 and Indian Penal Code (IPC), 1860. These FIRs allege that Inderjit Singh Yadav, the owner and chief controller of Gem Records Entertainment Private Limited, which operates under the name Gem Tunes, is a notorious muscleman who has been involved in murder, extortion, forced settlement of loans given by private financiers, fraud, swindling, illegal land grabbing and other violent criminal activities.

According to ED, Inderjit Singh Yadav is wanted in several cases registered in Haryana and is currently absconding. The agency’s investigation has also revealed that he was operating his criminal network from abroad, especially the United Arab Emirates (UAE). Investigations have revealed that Apollo Green Energy Limited and some other corporate houses had taken huge cash loans from private financiers based in Dighal area of ​​Jhajjar, against which post-dated checks were issued as security.

The ED investigation has also revealed that Inderjit Singh Yadav, acting as a muscleman and extortionist, got these high-value private loan transactions and forced settlements of financial disputes. These settlements were worth hundreds of crores of rupees and were allegedly made through threats, intimidation and with the help of organized crime syndicates operating from abroad. Armed accomplices and local gangs were used in this entire process.

The investigating agency alleges that in exchange for these forced settlements, Inderjit Singh Yadav made illegal earnings of hundreds of crores of rupees in the form of commission from the concerned corporate houses. According to the ED, the money earned from these fraudulent and criminal activities was used by Inderjit Singh Yadav to purchase expensive immovable properties, luxury cars and live a life of luxury. The surprising thing is that despite such huge assets and expenses, he had filed minimum income tax returns with the Income Tax Department showing very low income, which clearly shows his intention to hide his illegal earnings.

During the search and seizure operation, ED has seized five luxury cars, bank locker, Rs 17 lakh in cash, several incriminating documents, digital devices and important digital data related to Inderjit Singh Yadav and his associates. Further, the search also revealed that Inderjit Singh Yadav had developed a special website and portal to conduct the loan settlement process between corporate houses and private financiers.

The ED also revealed that several movable and immovable properties were purchased in the name of Inderjit Singh Yadav and his family members with the proceeds of crime. The process of identifying these properties and attaching them under PMLA is also being considered. The agency has clarified that further investigation is going on in this entire matter and the possibility of even bigger revelations in the coming time cannot be ruled out.