New Delhi Jan 2, (UNI) The Enforcement Directorate’s (ED) Gurugram Zonal Office stated on Friday that it recently conducted search operations at multiple premises in Delhi in an ongoing money laundering investigation involving Inderjit Singh Yadav, his accomplices, and other associated entities.
The accused are allegedly involved in illegal extortion, coercive loan settlements with private financiers, intimidation using arms, and generating proceeds from such unlawful activities.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on more than 15 FIRs registered and chargesheets filed by Haryana and Uttar Pradesh Police against Inderjit Singh Yadav and his associates. The charges include violations of the Arms Act, the Bharatiya Nyaya Sanhita (BNS), and the Indian Penal Code.
According to the FIRs, Inderjit Singh Yadav — owner and key controller of Gem Records Entertainment Pvt. Ltd. (operating as ‘Gems Tunes’) — is a known strongman involved in criminal activities including murder, extortion, coercive loan settlements, fraud, cheating, illegal land grabbing, and violent offences.
Yadav is currently wanted in multiple cases by Haryana Police and is believed to be absconding and operating from the UAE.
Acting on specific intelligence, the ED searched premises linked to other individuals connected to the case. One of Yadav’s close aides, Aman Kumar, who was instrumental in routing funds and arranging settlements with private financiers, was found in possession of Proceeds of Crime (POC) and attempting to dissipate them.
During the searches, the ED identified movable and immovable properties acquired through illicit means. The operation led to the seizure of cash amounting to Rs 6.24 crore, jewellery valued at Rs 17.4 crore, multiple cheque books, documents related to immovable properties worth approximately Rs 35 crore, and other incriminating documents and digital data.
Earlier in the case, search and seizure operations had resulted in the seizure of five luxury cars, bank lockers, cash amounting to Rs 17 lakh, various incriminating documents, digital devices, and data related to Inderjit Singh Yadav and his accomplices.
Investigations also revealed that numerous movable and immovable assets had been acquired in the names of Yadav and his family members using Proceeds of Crime. Further investigation is ongoing.
