The Enforcement Directorate (ED) has conducted raids on the premises of Indrajeet Singh Yadav, a gangster from Haryana who is staying in the Gulf at present. The operation took place at around 10 different locations in Gurugram, Delhi and Rohtak. During the action, evidence indicating money laundering and international connections came to light.
A significant sum of cash was also located, after which it was counted using a counting machine. ₹5.12 crore has been retrieved from Yadav’s place. Additionally, a suitcase containing jewellery valued at ₹8.80 crore was seized, along with property documents worth ₹35 crore.
Yadav is facing a variety of charges, including extortion, coercive loan settlements, and the use of weapons to threaten individuals. More than 15 FIRs (First Information Reports) have been lodged against him. Furthermore, proof has been disclosed indicating fraudulent dealings with companies for the purpose of laundering black money.
This legal action was initiated against Yadav and his associates in relation to a case filed against companies associated with Apollo Green Energy Limited. The police in Haryana and Uttar Pradesh commenced the inquiries, resulting in the filing of FIRs. ED stated that Yadav is the owner of Gem Records Entertainment Private Limited. He has a history of involvement in criminal activities such as murder, extortion and unlawful land acquisition. He is on the wanted list of the Haryana Police.
According to the agency, Yadav is presently located in the United Arab Emirates (UAE), managing his network from there. The probe uncovered that major corporations such as Apollo Green Energy Limited secured extensive loans from private lenders in Dighal of Jhajjar. However, post-dated checks were provided in exchange. Yadav would then step in to enforce settlements in case of any disputes. These deals frequently transpired at gunpoint, and he earned crores of rupees in commissions.
The Enforcement Directorate confiscated ₹17 lakh in cash, five luxury vehicles, bank lockers, digital devices and further evidence. The inquiry unveiled that Yadav had established a specialised website alongside a portal to facilitate loan settlements between corporate entities and private financiers.
