Inderjit Singh Yadav has emerged as a central figure in a sprawling money laundering investigation being pursued by India’s Enforcement Directorate (ED), following a series of coordinated raids across Delhi and Haryana in late December 2025. The case, which involves allegations of extortion, coercive loan settlements, armed intimidation, and the laundering of illicit proceeds, has drawn attention due to the scale of assets seized and Yadav’s alleged role as a powerful enforcer operating from abroad.

According to the ED’s Gurugram Zonal Office, Inderjit Singh Yadav is currently absconding and is believed to be operating from the United Arab Emirates. Investigators allege that he played a pivotal role in an organised network that facilitated illegal financial settlements, particularly involving high-value cash loans taken by corporate entities from private financiers.

Massive Raids Across Delhi and Haryana

On December 26 and 27, the Enforcement Directorate conducted extensive search and seizure operations at 10 locations across Delhi, Gurugram, and Rohtak. These raids were carried out as part of a money laundering probe initiated under the Prevention of Money Laundering Act (PMLA), based on multiple predicate offences registered against Yadav and his associates.

During the operation, ED officials seized cash amounting to ₹17 lakh, five luxury cars, bank lockers, digital devices, and a large cache of incriminating documents. According to officials, the seized materials point to the systematic generation and concealment of proceeds of crime, allegedly used to acquire high-end vehicles, immovable properties, and to sustain an extravagant lifestyle.

The agency stated that several of these assets were held either in Yadav’s name or in the names of his family members, a pattern commonly seen in money laundering cases aimed at disguising the true ownership of illegally acquired wealth.

Origins of the Investigation

The ED’s probe was triggered by more than 15 FIRs and chargesheets registered against Inderjit Singh Yadav and his associates across Uttar Pradesh and Haryana. These cases were filed under various provisions of the Indian Penal Code, the Bharatiya Nyaya Sanhita, and the Arms Act.

The FIRs portray Yadav as a “known strongman” with a long criminal history. Allegations against him include murder, extortion, fraud, cheating, illegal land grabbing, and violent offences linked to the coercive recovery and settlement of loans. Investigators claim that Yadav operated as an enforcer who used intimidation, threats, and armed associates to pressure borrowers into settling high-value debts under duress.

Role as an Enforcer in High-Value Loan Settlements

According to senior ED officials, the case sheds light on an underground system of private financing in parts of Haryana, particularly in areas such as Dighal and Jhajjar. The agency alleges that certain corporate houses, including firms such as Apollo Green Energy Ltd and other associated entities, borrowed substantial sums of money in cash from private financiers.

As security for these loans, borrowers allegedly issued post-dated cheques. When disputes arose or repayments were delayed, the financiers are said to have relied on enforcers like Yadav to recover or “settle” these loans through coercive means rather than legal channels.

Inderjit Singh Yadav’s alleged role was to ensure compliance through force and intimidation. Officials claim that he facilitated settlements involving hundreds of crores of rupees by deploying armed associates, threatening borrowers, and leveraging fear to compel payments. In some instances, investigators allege, organised crime syndicates operating from foreign locations were also involved in these coercive operations.

Earnings, Front Companies, and Lifestyle

The Enforcement Directorate believes that Yadav earned crores of rupees in commissions by executing these settlements. These earnings, according to the agency, were generated entirely through illegal activities and constituted proceeds of crime under money laundering laws.

Despite these alleged earnings, Yadav is accused of declaring minimal income in his income tax returns. Investigators say this discrepancy was a deliberate attempt to conceal the true scale of his wealth while channeling illicit funds into assets such as luxury cars, properties, and other high-value purchases.

The ED has also identified corporate entities allegedly linked to Yadav. Among them is M/s Gem Records Entertainment Pvt Ltd, which operates under the name “Gems Tunes.” Officials claim that Yadav was the owner and key controller of this firm, and that such entities may have been used as fronts to launder money or legitimize illegal income.

Digital Evidence and Online Operations

One of the significant findings of the search operation was evidence suggesting that Yadav operated a dedicated website portal related to loan settlements. Investigators are examining digital data seized during the raids to determine how this platform was used, including whether it functioned as a means to connect private financiers, borrowers, and enforcers, or to coordinate illegal settlements.

The ED has seized multiple digital devices and large volumes of electronic data, which are now under forensic analysis. Officials believe this data could reveal the full extent of the network, including links to other individuals, companies, and possibly international operatives involved in the alleged crimes.

Assets Under the Scanner

According to the ED’s statement, the raids revealed that numerous movable and immovable assets were acquired using proceeds of crime. These include luxury vehicles, properties, and financial instruments held directly or indirectly by Yadav and his family members.

The seizure of five luxury cars alone underscores the scale of wealth allegedly accumulated through illegal means. Bank lockers discovered during the searches are also being examined to assess whether they contain additional undisclosed assets or documents linked to money laundering activities.

Current Status and What Lies Ahead

As of December 30, 2025, Inderjit Singh Yadav remains on the run, with the ED stating that he is believed to be operating from the UAE. Indian authorities are expected to explore international cooperation mechanisms, including mutual legal assistance treaties and possible extradition proceedings, should sufficient evidence be established.

The Enforcement Directorate has indicated that the investigation is ongoing and that further action, including attachment of properties and arrests of associates, may follow based on the evidence collected so far.

The case against Inderjit Singh Yadav highlights the intersection of organised crime, illegal private financing, and money laundering, raising serious questions about the use of coercion and violence in financial disputes. As investigators continue to piece together the network allegedly run by Yadav and his associates, the outcome of the probe is likely to have significant implications for similar underground financing operations across northern India.