The Enforcement Directorate (ED) has struck a significant blow against an alleged money laundering network, seizing high-value assets including luxury cars and a substantial amount of cash during coordinated raids. The federal agency's action on Monday targeted locations connected to the wanted individual, Inderjit Singh Yadav, and his associates.
Details of the Seizure and Raid Locations
In a sweeping operation spanning ten locations across Delhi, Rohtak, and Gurugram, ED officials confiscated a trove of assets and evidence. The seized items include five luxury cars, cash amounting to ₹17 lakh, and multiple bank lockers. Authorities also took possession of various incriminating documents, digital devices, and crucial data storage units.
The searches were conducted at premises linked not only to Inderjit Singh Yadav and his accomplices but also to Apollo Green Energy Ltd and other associated entities. This indicates the probe's reach into corporate dealings allegedly intertwined with criminal activities.
The Criminal Allegations and Probe Background
According to an official statement from the ED's Gurugram Zonal Office, the money laundering investigation stems from serious accusations against Yadav. He is alleged to be involved in extortion, coercive settlement of loans from private financiers, armed intimidation, and earning commissions from these illegal operations.
The ED initiated its probe based on 15 FIRs and chargesheets previously filed by the police forces of Haryana and Uttar Pradesh. These police cases revealed that Yadav is the owner and key controller of Gem Records Entertainment Pvt Ltd, which operates under the name 'Gems Tunes'. His LinkedIn profile, under the name Rao Inderjit Singh, lists him as the Managing Director of this company, founded in 2020 and described as a leading producer of Haryanvi content.
Inderjit Singh Yadav is currently a wanted individual, believed to be absconding and operating from the United Arab Emirates (UAE), as per the ED statement.
Modus Operandi and Corporate Links
A senior ED officer explained the intricate scheme to PTI. The investigation uncovered that certain corporate houses, including Apollo Green Energy Ltd, allegedly borrowed large sums of money in cash from private financiers based in Dighal and Jhajjar. As security, they would issue post-dated cheques.
Inderjit Singh Yadav allegedly stepped into this financial web as a strongman and enforcer. His role was to facilitate coercive settlements for these high-value private loan transactions and financial disputes, which reportedly ran into hundreds of crores of rupees. He operated a website that offered loan settlement services between corporate houses and private financiers, providing a digital front for these activities.
The ED's statement further noted that the search operation revealed various movable and immovable assets were acquired in the names of Inderjit Singh Yadav and his family members using the proceeds of crime.
Key Implications of the Case
This case underscores the Enforcement Directorate's intensified crackdown on financial crimes and organized networks operating across state lines. It highlights a dangerous nexus where corporate financing needs are exploited through intimidation and illegal settlement practices. Furthermore, the use of digital platforms and professional fronts like companies and websites to mask illicit activities is a growing concern for law enforcement agencies. The ongoing probe continues to trace the full extent of the money trail and the network involved.
