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New Delhi: The Enforcement Directorate (ED) has intensified its crackdown on alleged strongman Inderjeet Singh Yadav, carrying out a series of coordinated raids across Delhi, Gurugram and Rohtak in connection with a large money laundering probe.
The action follows investigations into more than 15 FIRs registered against Yadav across Haryana and Uttar Pradesh for offences ranging from illegal extortion and violent intimidation to fraud and land grabbing.
According to the ED, Yadav is the owner and principal controller of M/s Gem Records Entertainment Pvt. Ltd., which operates under the brand name Gems Tunes. Investigators allege that while projecting himself as an entrepreneur in the music and entertainment industry, Yadav was running an organised criminal network involved in forcible loan recoveries, arms-based intimidation and laundering of proceeds of crime.
The agency has described Yadav as a key “enforcer” who allegedly mediated high-value financial disputes between corporate houses and private financiers, using threats and local gangs to force settlements.
The ED’s probe is based on over 15 FIRs and charge sheets registered by Haryana Police and Uttar Pradesh Police under provisions of the IPC, Arms Act, and Bharatiya Nyaya Sanhita (BNS). Yadav is currently wanted by Haryana Police and is suspected to be operating from the UAE, officials said.
Investigators allege that Yadav played a central role in coercive loan recovery operations involving private financiers based in Jhajjar’s Dighal area, with transactions allegedly running into hundreds of crores of rupees.
As per the ED, several corporate entities, including Apollo Green Energy Ltd., allegedly borrowed large cash amounts from private financiers and issued post-dated cheques. When disputes arose, Yadav allegedly stepped in as an “enforcer”, using armed associates and intimidation to force settlements.
The agency claims Yadav earned hundreds of crores in commissions from these activities, while declaring minimal income in his tax returns.
A major raid at a residence in Delhi’s Sarvapriya Vihar linked to Yadav’s associate Aman Singh lasted nearly 27 hours, from December 30 to December 31. During the search, the ED seized Rs 5.12 crore in cash, gold and diamond jewellery worth around Rs 8.8 crore, and property-related documents valued at approximately Rs 35 crore.
Due to the volume of cash recovered, note-counting machines were deployed, and seized assets were transported in multiple vehicles.
The ED has also claimed that Yadav operated a dedicated website or portal to facilitate loan settlements, and that several assets were purchased in the names of family members using proceeds of crime. The investigation under the Prevention of Money Laundering Act (PMLA) is ongoing.
