The Enforcement Directorate has seized cash worth 5.12 crore following a search in connection with a money laundering case against Inderjit Singh Yadav, his accomplices, Apollo Green Energy Ltd and other associated entities, persons under the provisions of Prevention of Money Laundering Act (PMLA), 2002.
Yadav is a wanted criminal, who also acts as the Managing Director of Gem Tunes, as per reports.
In addition to the cash, one suitcase full of gold and diamond jewelery worth 8.80 crores; one bag full of check books, documents pertaining to properties worth ₹35 crores were seized during the search conducted on 30 December at a premises located in Delhi’s Sarvpriya Vihar, as per ED officials.
Over 15 FIRs registered
Officials said that the probing agency initiated investigation on the basis of more than 15 FIRs registered, chargesheets filed by Haryana Police and UP Police under various Sections of Arms Act, 1959, BNS, 2023 and IPC, 1860 against Inderjit Singh Yadav and his associates.
The money laundering probe was launched following allegations that Inderjit Singh Yadav was involved in illegal extortion, forcing private financiers into coercive loan settlements, using weapons to intimidate victims, and earning commissions from the unlawful activities.
Who is Inderjit Singh Yadav?
According to a report by ANI, Inderjit Singh developed a website and used to operate it. Using the website, he used to offer loan settlement between corporate houses and private financers.
According to his LinkedIn profile, Inderjit Singh Yadav, who goes by Rao Inderjit Singh online and is a wanted criminal, also acts as the Managing Director of Gem Tunes.
Founded in 2020, the company is “leading producer and curator of Haryanvi content”, as per Inderjit’s LinkedIn profile.
What items have been seized by ED?
Cash worth Rs. 5.12 crores. Bank officials have been called along with cash counting machines for counting the same.
– One suitcase full of gold and diamond jewelery amounting to 8.80 crores
– One bag containing check books, documents pertaining to properties estimated to be 35 crores approximately
Officials also said that searches are currently under way.
ED attaches 150 cr worth property near Buckingham Palace
In a separate case, the ED, on Wednesday – attached an immovable property worth 150 crore near the Buckingham Palace in London in a case of alleged bank loan fraud linked to money laundering involving textile major S Kumars Nationwide Ltd and its ex CMD Nitin Kasliwal.
The national probe agency said in a statement on Wednesday that a provisional order was issued under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the asset.
The “high-value” property valued at 150 crore near the Buckingham Palace is held under the “beneficial ownership” of Nitin Shambhukumar Kasliwal and his family members, the Enforcement Directorate (ED) said.
