In a significant crackdown, the Enforcement Directorate (ED) has confiscated a massive haul of cash and valuables during a search operation linked to a money laundering case. The action targets Inderjit Singh Yadav, his associates, Apollo Green Energy Ltd, and other connected entities under the stringent Prevention of Money Laundering Act (PMLA), 2002.
Massive Haul Seized in Delhi Raid
The raids, conducted on 30 December at a premises in Delhi's upscale Sarvpriya Vihar, yielded substantial evidence. Officials recovered cash worth ₹5.12 crore, which required bank officials with counting machines to tally. Alongside the money, investigators found one suitcase packed with gold and diamond jewellery valued at approximately ₹8.80 crores.
Furthermore, a bag containing numerous cheque books and property documents was seized. The estimated value of the properties linked to these documents is around ₹35 crores. The ED has confirmed that search operations are ongoing in connection with the case.
Probe Triggered by Over 15 Criminal Cases
The money laundering investigation was not initiated in isolation. The ED launched its probe based on more than 15 First Information Reports (FIRs) and chargesheets filed by the Haryana Police and Uttar Pradesh Police. These criminal cases accuse Yadav and his network of serious offences under the Arms Act, 1959, the new Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code (IPC), 1860.
The core allegations forming the basis of the PMLA case involve illegal extortion, coercive loan settlements enforced upon private financiers, use of weapons to intimidate victims, and earning commissions from these unlawful activities.
Who is the Accused Inderjit Singh Yadav?
Inderjit Singh Yadav, who also goes by the name Rao Inderjit Singh online, is a wanted criminal according to reports. Despite his fugitive status, he holds the position of Managing Director at Gem Tunes, a company he describes on his LinkedIn profile as a leading producer and curator of Haryanvi content, founded in 2020.
As per an ANI report, Yadav's alleged modus operandi involved operating a website that facilitated loan settlements between corporate houses and private financiers, a scheme now under the scanner for potential illegality and coercion.
Summary of Items Seized by ED:
- Cash: ₹5.12 Crores
- Gold & Diamond Jewellery: ₹8.80 Crores (one suitcase)
- Property Documents & Cheque Books: Pertaining to assets worth ~₹35 Crores
Separate High-Value Attachment in London
In a parallel development highlighting the ED's widening net, the agency on Wednesday attached an immovable property worth ₹150 crore located near the Buckingham Palace in London. This action is part of a separate bank loan fraud and money laundering case involving textile major S Kumars Nationwide Ltd and its former CMD, Nitin Kasliwal. The ED issued a provisional order under PMLA for this high-value asset held under the beneficial ownership of Kasliwal and his family members.
