New Delhi: The Enforcement Directorate (ED) on Monday announced the seizure of five luxury cars, bank lockers, cash worth ₹17 lakh, digital devices, documents, and other data linked to Inderjit Singh Yadav, a wanted criminal reportedly based in the United Arab Emirates, and his associates.

The operation, conducted on December 26-27 across 10 locations in Delhi, Gurugram, and Rohtak, is part of an ongoing money laundering investigation under the Prevention of Money Laundering Act (PMLA), 2002. The probe targets Inderjit, his accomplices, Apollo Green Energy Ltd, and other associated entities.

Background of the Case

Inderjit Singh Yadav reportedly operated a website facilitating high-value loan settlements between corporate houses and private financiers. Investigations revealed that several movable and immovable assets were acquired in his and his family members’ names using illicit proceeds.

The probe follows 15 FIRs and multiple chargesheets filed by Haryana and Uttar Pradesh Police under the Arms Act, 1959, Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860. Complaints allege that Inderjit, who owns Gem Records Entertainment Pvt Ltd (operating as ‘Gems Tunes’), has been involved in serious criminal activities, including:

• Murder and extortion
• Coercive loan settlements
• Fraud and illegal land grabbing
• Other violent crimes linked to organised syndicates

ED Investigation

The ED stated that Inderjit functioned as a strongman and enforcer, allegedly coercing corporate borrowers into settling loans worth hundreds of crores through threats, intimidation, and armed gangs. Many of these activities reportedly involved organised crime networks operating from abroad.

The agency further noted that commissions earned from such settlements were allegedly laundered to acquire:

• Luxury vehicles
• Immovable properties
• Funding a lavish lifestyle

Meanwhile, the criminal reportedly declared minimal income in tax returns, highlighting the scale of alleged financial manipulation.

The seizures of assets, including high-value cars and bank lockers, mark a significant step in the ongoing investigation, which aims to tracing the criminal proceeds and dismantle the network of organised crime and money launderingassociated with Inderjit and his associates.