The Law Enforcement Directorate seized the cash ₹5.12 crore following a search in connection with a money laundering case against Inderjit Singh Yadav, his accomplices, Apollo Green Energy Ltd and other associated entities, persons under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
Yadav is a wanted criminal who also reportedly serves as the managing director of Gem Tunes.
Apart from the cash, one suitcase full of gold and diamond jewelery worth ₹8.80 million crowns; one bag full of check books, real estate documents worth ₹According to ED officials, 35 crores were seized during a search conducted on December 30 at the Sarvpriya Vihar outlet in Delhi.
More than 15 FIRs registered
Officials said the investigating agency has started an investigation based on more than 15 FIRs registered, charges filed by the Haryana Police and the UP Police under various sections of the Arms Act, 1959, BNS, 2023 and IPC, 1860 against Inderjit Singh Yadav and his associates.
Officials said the probe agency has launched an inquiry based on more than 15 registered FIRs, allegations filed by the Haryana Police
A money laundering investigation was launched following allegations that Inderjit Singh Yadav was involved in illegal extortion, coerced private financiers into coercive loans, used weapons to intimidate victims and earned kickbacks from illegal activities.
Who is Inderjit Singh Yadav?
According to an ANI report, Inderjit Singh created the website and used it to run it. He used the website to offer loan settlements between corporate houses and private financial entities.
According to his LinkedIn profile, Inderjit Singh Yadav, who goes by Rao Inderjit Singh online and is a wanted criminal, also serves as the managing director of Gem Tunes.
Founded in 2020, the company is “a leading producer and curator of Haryanvi content”, according to Inderjit’s LinkedIn profile.
What items were seized by ED?
– Cash worth Rs. 5.12 million crowns. Bank clerks were called in along with cash counting machines to count it.
– One suitcase full of gold and diamond jewelry worth ₹8.80 million crowns
Officials also said that searches are currently underway
– One bag containing check books, documents related to appraised properties ₹approximately 35 million crowns
Officials also said that searches are currently underway.
ED attaches ₹150 cr property near Buckingham Palace
In a separate case, the ED on Wednesday attached immovable property worth ₹150 crore near Buckingham Palace in London in an alleged money laundering bank loan scam involving textile major S Kumars Nationwide Ltd and its former CMD Nitin Kasliwal.
In a statement on Wednesday, the National Investigation Agency said that an interim asset attachment order was issued on Tuesday under the Prevention of Money Laundering Act (PMLA).
A “high value” property valued at ₹150 crore near Buckingham Palace is in the “beneficial ownership” of Nitin Shambhukumar Kasliwala and his family members, the Enforcement Directorate (ED) said.
