The Enforcement Directorate (ED) on Monday said it has seized luxury cars, millions in cash, bank accounts and other items related to Inderjit Singh Yadav in connection with a money laundering case.
According to a PTI report quoting ED officials, search operations at 10 locations in Delhi, Rohtak and Gurugram led to the seizure of five luxury cars, bank lockers and cash worth ₹17 lakh, various incriminating documents, digital devices and digital data related to Inderjit Singh.
The ED raid was conducted on the premises related to Inderjit Singh Yadav, his accomplices, Apollo Green Energy Ltd and other associated entities.
The federal agency has opened a money laundering investigation against Inderjit Singh Yadav for alleged extortion, extortion of loans from private financiers, armed intimidation and receiving kickbacks from such illegal activities, according to an official statement by the Gurugram Zonal Office of the ED.
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.
The ED has initiated an investigation against Inderjit based on 15 FIRs and charge sheets filed by the Haryana and Uttar Pradesh police.
In these FIRs it was revealed that he is the owner and key controller of Gem Records Entertainment Pvt Ltd (operating as ‘Gems Tunes’).
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.
Inderjit Singh is wanted in various cases filed by the Haryana Police and is currently absconding and allegedly operating from the UAE, according to an ED statement quoted by PTI and ANI.
Speaking to PTI, a senior ED officer said that investigations by the central agency have revealed that some corporate houses like Apollo Green Energy Ltd and others are allegedly borrowing huge sums of money in cash from private financiers based in Dighal and Jhajjar and issuing post-dated checks as security.
The investigation also revealed that Inderjit Singh acted as a strongman and enforcer, facilitating the coercive settlement of these high-value private loans and financial disputes running into hundreds of crores.
Further, during the search operation, it was revealed that various movable and immovable properties were obtained in the name of Inderjit Singh Yadav and that he has family members from proceeds of crime, the statement said.
