NEW DELHI, Dec 31 — The Enforcement Directorate on Wednesday said a major cash and jewellery seizure from a Delhi residence is linked to Haryana-based criminal Inderjit Singh Yadav, whom it described as a “strong man” operating from the United Arab Emirates.
In a statement, the ED said Yadav is wanted in multiple cases registered by the Haryana Police and remains absconding. “He is currently operating from the UAE,” the agency said.
The statement followed searches at a Sarvapriya Vihar house in south Delhi, where investigators seized Rs 5.12 crore in cash and gold and diamond jewellery worth Rs 8.8 crore, along with documents related to assets valued at Rs 35 crore.
According to the ED, the money-laundering case is based on 14 FIRs and charge sheets filed by the Haryana and Uttar Pradesh Police against Yadav and his associates.
“Yadav acted as a strong man and enforcer, facilitating coercive settlement of high-value private loan transactions and financial disputes running into hundreds of crores of rupees,” the agency said. It alleged the settlements involved threats, intimidation and armed associates linked to organized crime syndicates operating from abroad.
The ED said Yadav allegedly earned “hundreds of crores of rupees as commission” from corporate entities for settling disputes and used the proceeds to acquire properties and luxury vehicles while declaring minimal income in tax returns.
The agency also named companies, including Apollo Green Energy Ltd., as part of its wider probe into alleged cash-based lending and post-dated cheque arrangements with private financiers.
Yadav is also described by the ED as the owner and key controller of Gem Records Entertainment Pvt. Ltd., operating as Gems Tunes. The investigation is ongoing.
